This proposal is to gather feedback on adding FORTH to Compound Finance.
We can follow the same path UNI took to:
- Have a cFORTH token deployed on Compound to be used as collateral for loans
- Give a community multi-sig the ability to vote on behalf of all cFORTH holders.
- Exclude wallets that have borrowed FORTH, this will prevent people from taking loans to manipulate votes.
Here are a couple of links with more information. This should require minimal changes from our side:
FORTH can bring a lot of capital over to Compound without the concerns the Compound has expressed before about listing a rebasing token like AMPL.
Any feedback is welcome!