Compound's first governance proposal, passed, will add support for USDT lending

Law firm BlockBeats news, after the agreement's governance token holders voted, opens the financial lending agreement & NBSP; Compound  Users can now borrow from the USDT.

In a recent vote on whether to add the USDT to the protocol, 797,981.28 votes were in favor of the proposal and 85,580.73 against, with Polychain Capital leading the way, followed by Compound CTO and founder Geoffrey Hayes.This is & have spent Compound  The first proposal since the launch of the governance system earlier this month. Last year, the project also launched a community poll to gauge users' interest in adding new assets, with Maker and USDT scoring highest.

It is important to note that while users can provide and use USDT loans, as stated in the recommendation, stability notes cannot be used as collateral. While Dai and USDC are currently the most commonly used stable applications in DeFi, according to Loanscan, USDT is still the most liquid of the entire encryption market, with a 78% market share.

The original address: https://medium.com/compound-finance/the-first-compound-governance-proposal-24da6a4a0694

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