Live AMA – Robert Leshner
summary
Compound explains why it builds a pooled liquidity market with pooled liquidity and an on‑chain algorithm that sets algorithmic market‑clearing rates, not order books or user‑set rates. Early choices: two public product versions released over 2.5 years to prioritize security over speed. Governance issues: COMP is an on‑chain token split roughly 25/25/50 for team/investors/users, supports delegation, proposals execute code (first two proposals: audited team upgrade and a one‑line community rate tweak), and a Ropsten COMP faucet exists on Discord.
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chapters (6)
- 0:00Start
- 5:05Design Decisions
- 6:52Focus on Security over Speed
- 33:01Two Goals of Compound Governance
- 35:47Is There as the Distribution of the Community Comp Tokens Been Decided Yet
- 36:32Major Milestones
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