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Compound · closed proposal

# Deprecation of Polygon and Unichain Comets\n## Simple Summary\n\nGauntlet recommends the following changes to risk parameters to deprecate all active comets on Polygon (USDC and USDT) and on Unichain (USDC and WETH). These markets have seen limited adoption in the last 180 days, with borrow volume either decreasing or remaining flat. The proposed changes set all collateral supply caps to 0, reduce borrow collateral factors by 50% for all assets other than MaticX, which is set to 0, and set the

0x7b3c…cc33·ended 57y ago·MEDIUM RISK
Voters
16
COMP voted
661373593999325.75B
≈$11395467024608384.00B
Token price
$17.23

AI summary

This proposal aims to deprecate (phase out) Compound's lending markets, known as 'Comets,' on the Polygon and Unichain networks. It suggests setting all collateral supply caps to zero, meaning no new assets can be supplied to these markets. Additionally, it proposes reducing the collateral factors for existing assets by 50% (except for MaticX, which goes to 0%) and setting the supply interest rate to zero, ensuring all interest paid by borrowers goes to the protocol's reserves during this transition.

Impact

If passed, users will no longer be able to supply new collateral to the Polygon and Unichain Comets, and the value of existing collateral will be recognized at a lower rate, potentially leading to liquidations for some borrowers. This change primarily affects users who currently utilize these specific Comets, as Compound aims to consolidate its operations and resources.

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Voting results

For661373593999325.75B (100.0%)
Against0 (0.0%)
Abstain0 (0.0%)
661373593999325.75B COMP · ≈$11395467024608384.00B · 16 votersblock 2026-07-13T17:55:59Z

🐳 Whale votes

0 votes > 5% VP
No whale votes on this proposal.

Full proposal

Original markdown · Compound

Deprecation of Polygon and Unichain Comets\n## Simple Summary\n\nGauntlet recommends the following changes to risk parameters to deprecate all active comets on Polygon (USDC and USDT) and on Unichain (USDC and WETH). These markets have seen limited adoption in the last 180 days, with borrow volume either decreasing or remaining flat. The proposed changes set all collateral supply caps to 0, reduce borrow collateral factors by 50% for all assets other than MaticX, which is set to 0, and set the supply interest rate to zero across all four comets so that all borrower-paid interest accrues to r…

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