Compound discovers bug in new update, freezes cETH market

DeFi protocol Compound (COMP) discovered a bug in governance proposal 117 designed to upgrade its price feeds, forcing it to temporarily freeze the Compound ETH (cETH) market. An hour ago, Proposal 117 was executed, which updated the price feed that Compound v2 uses. This price feed, while audited by three auditors, contained an error that…