The Compound community voted to pass proposals 204 and 205 to adjust the COMP reward distribution in Ethereum V3 USDC

The Compound community voted to approve proposals 204 and 205. According to Proposal 204, Compound will adjust the number of COMP token reward distributions in Ethereum V3 USDC, reducing the daily COMP reward from 381.40 to 100. Considering the current COMP price is $50, this reward reduction will save 5.14 million per year. USD COMP is released, thereby reducing the total amount of tokens released on the market by 25.5%. According to Proposal 205, Compound will adjust six interest rate parameters in Polygon v3 USDC.e, which are: 1. Raise the low annual borrowing rate slope from 0.035 to 0.04; 2. Increase Borrow Kink from 0.8 to 0.85; 3. Increase the peak annual borrowing rate slope from 0.25 to 0.7; 4. Increase the annual supply rate slope low from 0.0325 to 0.04; 5. Increase Supply Kink from 0.8 to 0.85; 6. Increase the annual supply rate slope peak from 0.4 to 0.65.