All there is to know about Compound Finance’s latest proposal

Prior to this proposal, there was virtually no limit on the amount of wBTC that could be borrowed from the protocol.

The limit will be readjusted to 1250. Other tokens that witnessed a drastic decrease in their limits include Uniswap, which went from 11.2 million to 550,000. LINK, will now be limited to 45,000., a financial modeling platform that uses battle-tested techniques from the algorithmic trading industry to inform on-chain protocol management. The firm made the proposal after extensive deliberation over market and liquidity data.

The vote ended in the early hours of 29 November, with users voting overwhelmingly in favor of the proposal. According to theThis move by Compound Finance came due to increasing threat of exploits against DeFi protocols, particularly those that engage in lending. These exploits pave the way for insolvency due to uncontrolled liquidation.

Avraham Eisenberg, the man behind the exploit carried out on Mango Markets last month which led to a loss of $116 million, is partly responsible for DeFi protocols scrambling to alter their policies. Gauntlet also carried out the risk assessment for

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