The Compound community initiated a proposal to deploy Compound v3 to Arbitrum

On February 28, according to the information on the relevant pages, the Compound community initiated a proposal to deploy Compound v3 to Arbitrum. The proposal was initiated by Penn Blockchain (Franklin DAO). According to the proposal, from the perspective of TVL and real-time dApp data, Arbitrum is the leading Ethereum Layer2 network, and deploying Compound v3 to Arbitrum will be an important step in the development of the protocol.

Interpretation of this information:

The message indicates that the Compound community is proposing to deploy Compound v3 to Arbitrum, a leading Ethereum Layer2 network, as a step towards the development of the protocol. This is based on the perspective of Total Value Locked (TVL) and real-time dApp data, which suggests that Arbitrum is a suitable network for deployment. The proposal was initiated by Penn Blockchain, specifically the Franklin DAO.

Compound v3 is an upgrade to the Compound protocol that introduces major enhancements including gas efficiency, algorithmic interest rate determination, and direct borrowing from other assets. It is aimed at improving the scalability, security, and user experience of the protocol. With this proposal to deploy Compound v3 to Arbitrum, it is expected that users will enjoy these benefits on the platform.

The decision to deploy Compound v3 to Arbitrum is based on the TVL, which represents the total amount of cryptocurrency held in smart contracts on the network, and real-time dApp data. This suggests that the network has a large and active user base, which is desirable for the Compound platform. Other factors that may have influenced the decision include network fees, transaction speed, and security.

The proposal was initiated by Penn Blockchain, a blockchain club at the University of Pennsylvania that aims to educate and empower students interested in blockchain technology. Specifically, the Franklin DAO is a student-led organization under Penn Blockchain that focuses on decentralized governance and community building. This suggests that the Compound community is involving students in the decision-making process for the deployment of the protocol.

In summary, the message indicates that the Compound community is proposing to deploy Compound v3 to Arbitrum as a step towards the development of the protocol. This decision was based on the perspective of TVL and real-time dApp data, which suggest that Arbitrum is a suitable network for deployment. The proposal was initiated by Penn Blockchain, specifically the Franklin DAO, which indicates that the Compound community is involving students in the decision-making process for the deployment of the protocol.