Compound Unanimously Votes to Pause Activity for 4 Cryptocurrencies

[AJBot]

data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7

After two days of voting, the DAO powering Compound Finance has approved “proposal-131,” which will prevent users from being able to lend relatively illiquid assets on the protocol. In this case, Illiquid assets are cryptocurrencies that cannot be readily sold or exchanged without a substantial loss in value. Generally, these types of assets are volatile and can be easily manipulated. This initiative to remove illiquid assets is also expected to protect the protocol against market manipulation like the $100 million exploit on Mango Markets, claims the proposal. Nearly 99.9% of ...

Continue reading the above news article, by clicking here.

Administration and Moderation NOTE: A Reminder, the above news is provided for free, through a RSS Feed. The above quote does NOT include the full story. In order to continue to read more past what is quoted, please click through to the article, by clicking on the link provided above through the "continue reading" text.

Please be sensible and follow our terms of service and rules, when replying and debating the news article.