APIR 9 : cETH Integration

Project presentation:

Protocol : Compound

IBT requested : Compound Ether (CETH)

IBT contract address : 0x4ddc2d193948926d02f9b1fe9e1daa0718270ed5

Current TVL on the requested IBT: $114.79b

Current TVL of the protocol: $9.17b

Twitter/Discord links: Twitter / Discord

Audit(s) link(s) : OpenZeppelin

Supported chain(s) : Ethereum

Simple summary:

This proposal aims to integrate protocol to the 4th winelisting event.
Compound initially launched on mainnet in September 2018 and upgraded to v2 in May 2019. The protocol now supports BAT, DAI, SAI, ETH, REP, USDC, WBTC, and ZRX. Compound has been audited and formally verified.

Rationale:

I strongly believe that adding cETH to the incoming winelisting is a good way to attract and diversify the offer on the ETH yield. Moreover, Compound being an important protocol, it may give even more credibility to APWine seeing it on our list.

Benefit of this integration for cETH

Additional yield opportunities for the community or the protocol treasury

Increase the visibility of the project with cross marketing

Increase the TVL of the IBT pool

Benefit of this integration for APWine DAO

  • Increase the tokenized TVL and the AMM TVL

  • Diversify the ETH yield possibilities

  • Increase the visibility of the project

  • Increased credibility

  • Metrics:
    Market cap: $ 2.87 billion

  • TVL cETH: $$114.79b

  • Twitter community: 225.9k

  • Discord community: 16k

Community poll:

Add cETH IBT to the winelisting vote

Don’t add cETH IBT to the winelisting vote

2 Likes

I could not put the link for the discord server because I am a new member…

Here it is : Discord

Add cETH to the next winelisting ?
  • Yes
  • No
  • Abstain

0 voters

1 Like

Hey @SAAAAAAAAAAAF thanks for this proposal ! :fire:

Could you fill the winelisting form or ask Compound team to fill it please ?