Compound proposal would move EPCF and SVR funds to 5-of-9 multisig
- —EPCF holds 500,000 USDC plus 4.58 million USDC supplied to cUSDCv3
- —Mainnet Chainlink SVR revenue stands at 355.95 ETH
- —About 5.08 million USDC and 356 ETH are now controlled by two keys of one entity
- —EPCF's purpose, size and 48-month term remain unchanged
Why it matters: Moving the funds to a multisig reduces the Compound Foundation's control over treasury assets and could set a precedent for DeFi treasury governance.
Source: PANews