Managing Risk for Compound
summary
A recent Compound token-distribution bug creates a mixed calculation that exposes 160 million COMP and about 60 million COMP remains unaccounted for, prompting two fixes: proposal 63 vs 64 (one blanket claim-disable, one targeted patch). Discussion covers trade-offs between stopping drains and breaking integrators, lack of fast levers (seven‑day governance delay), and concrete risk tooling: agent‑based stochastic sims running thousands of Geth nodes to reproduce liquidation spirals, plus dashboards and suggestions for dynamic reserve factors instead of hard caps.
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chapters (9)
- 0:00Managing risk in DeFi
- 2:29COMP token distribution bug
- 7:52Risk versus integrator reliability
- 11:42DeFi protocol business risks
- 16:18Loan-to-value parameters
- 25:29Stochastic risk simulations
- 27:16More risk management levers
- 30:46Smart contract and market risks
- 31:49Q&A
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