Compound V4 Program Funding Proposal
AI summary
This proposal seeks to allocate $52 million to fund the development of Compound V4, the next version of the Compound protocol. The funds will be split, with $14 million immediately transferred to a wallet controlled by the Compound Foundation for the first year's operations. The remaining $38 million will be held in a reserve managed by the Treasury Management Committee (TMC) and released in stages as specific development milestones for V4 are met. Until released, these reserve funds will be invested to earn yield for the DAO.
If passed, Compound will commit a significant portion of its treasury to develop V4, potentially leading to a more advanced protocol. The Compound Foundation will receive $14 million for immediate use, and the TMC will manage the larger reserve, benefiting from yield generation. The DAO's treasury will be reduced by $52 million, but the expectation is a stronger protocol in return.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Compound V4 Program Funding Proposal
This proposal approves a $52M budget for the Compound V4 development program, allocated across two wallets with distinct control structures.
Upon execution, this proposal:
- Transfers $14M to the Operational Program Wallet (Foundation-controlled) for Year 1 V4 execution.
- Designates $38M within the TMC-managed pool as Program Reserve, subject to milestone-gated release by the TMC multisig (5-of-7).
Until V4 milestones trigger release, Program Reserve funds generate yield for the DAO through strategies approved under the Treasury Management RFP. This…