The governance community of interest rate protocol Compound Finance (COMP) has voted to cut yield farming rewards by 20%, as seen in the poll which concluded on August 31.

• A total of 1,119,629 votes in favor of the change; 44 addressed voted yes, while 21 addresses voted no
• With the change, the team hopes to “further protocol development and onboard new users” 
• The proposal also states that the current rewards rate is too high for liquidity provision, as a majority of COMP goes to short-term holders and centralized exchanges
• The reduction in liquidity incentives was also motivated by the desire to make room for capital to be used for development and audits
• Some community members have disagreed with the decision, which the rewards reduction likely to result in yield farmers moving away from Compound
• Other members have praised it as a return to more realistic expectations, as opposed to the staggeringly high yields offered in the past