Compound: Proposal 217 has been approved, aiming to lower the collateral factor parameters for 8 tokens in the V2 protocol

ChainCatcher news, according to official sources, Compound proposal 217 has reached the required number of votes and has been approved. This proposal will lower the collateral factor parameters for 8 assets in the Compound V2 protocol, which is expected to be executed within the next two days, specifically:

• Lowering the AAVE collateral factor from 43% to 38%;
• Lowering the BAT collateral factor from 50% to 45%;
• Lowering the COMP collateral factor from 30% to 25%;
• Lowering the LINK collateral factor from 49% to 44%;
• Lowering the MKR collateral factor from 43% to 38%;
• Lowering the SUSHI collateral factor from 37% to 32%;
• Lowering the YFI collateral factor from 45% to 40%;
• Lowering the ZRX collateral factor from 35% to 30%.