[From Foundation Sole Control to 9-Party Community Multisig, Compound Proposal Retains EPCF Usage] Odaily Planet Daily reports that community member ugurmersin has proposed an alternative to Proposal 613, suggesting the transfer of custody for the Ecosystem Protection and Continuity Fund (EPCF) and mainnet Chainlink SVR revenue from the Safe controlled by the Compound Foundation to a Community Multisig, adopting a 9-party 5/9 multisig mechanism. This proposal does not advocate for shutting down the EPCF but instead retains its purpose, scale, 48-month duration, and emergency fund deployment capability. As of October 8, the EPCF holds 500,000 USDC and 4,583,400 USDC deposited in cUSDCv3, while the mainnet Chainlink SVR revenue holds 355.95 ETH. The proposal notes that the original Proposal 613, which planned to shut down the EPCF and transfer the funds to the Governor Timelock, was canceled by the Proposal Guardian on October 7.
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