Compound unanimously votes to pause activity for 4 cryptocurrencies

2022/10/25 11:25

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. 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. Four tokens, namely 0x (ZRX), Basic Attention Token (BAT), Maker (MKR), and Yearn Finance (YFI), are to be paused temporarily from Compound finance. According to the proposal, these tokens have less liquidity in open markets and are vulnerable to price manipulation that could exploit the protocol.
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