Lender Veto

Lenders on Credit v1 (gToken holders) can veto both general governance proposals and onboarding of new lending terms. While it's not expected that the average lender is monitoring protocol governance, they can delegate their vote to more active participants.

The delegation interface is shown below. Please note that after making a new delegation, you cannot transfer any of your gTokens in that market for one week. This restriction exists to prevent griefing attacks where someone deposits in the market for the sole purpose of blocking useful governance changes.