The proposal of the Compound community to initialize the ENS sub-domain for the Comet market deployment was not passed
On February 16, according to the governance page, the proposal of the Compound community to deploy the initial ENS sub-domain for the Comet market has not been voted through recently. Although the support rate of the proposal reached 100%, there were only 273484 votes, which did not reach the required number of 400000 votes, so it was not adopted.
Interpretation of this information:
The recent announcement on the governance page of Compound community stirred up concerns for its members as the proposal to deploy the initial ENS sub-domain for the Comet market failed to gain the necessary number of votes for adoption. The supporters of the proposal were left disappointed as the proposal had already garnered 100% support, but it failed to meet the required number of votes of 400,000 out of a total of 273484 votes.
The proposal aimed to empower the Comet market with a unique ENS sub-domain. Since the inception of ENS domains, it has proven to be a game-changer for decentralized finance to simplify how users send and receive funds across the ecosystem. The deployment of the initial ENS sub-domain would have given the Comet market a unique identity that would facilitate funds transfer and improve user experience.
The significance of this announcement cannot be overemphasized. It highlights the importance of community involvement and participation in driving the growth and development of the decentralized finance ecosystem. It also underscores the need for members to take an active role in governance decisions that affect the community.
The outcome of the vote reflects that although the Compound community is vibrant and enthusiastic, much still needs to be done to mobilize members to take part in governance decisions. The Compound community must do more to educate and encourage members to take an active role in shaping the future of the ecosystem.
The three keywords that summarize this message are: Compound, proposal, and governance. This message is a call to the Compound community to take an active role in governance and the future growth of decentralized finance. It is a timely reminder for members to understand the importance of participating in governance decisions, which affect the ecosystem’s development.
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