Compound to Set Borrow Caps on 10 Crypto Collateral Assets

The 10 crypto collateral assets affected include Compound’s own $COMP token as well as $WBTC and Uniswap’s $UNI token. Other tokens include SushiSwap’s $SUSHI, Aave’s $AAVE, and MakerDAO’s $MKR. In total, 10 collateral assets will have borrow limits on Compound V2.

This decision is based on a governance vote concluded on Monday. The governance vote was on a proposal submitted by DeFi risk management protocol Gauntlet to the Compound DAO. Gauntlet’s proposal called for Compound to set borrow caps on certain collateral assets.