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Compound's $24 million COMP proposal to the "Golden Boys" is accused of disregarding DAO opposition and passing.

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TechFlow
305Words
Jul 29, 2024

DeepChain TechFlow news, the decentralized lending protocol Compound Finance's proposal 289 recently sparked community controversy. The proposal allocates approximately $24 million worth of $COMP tokens for the revenue protocol designed by 'Golden Boys'. Several community members, including security advisor Michael Lewellen, pointed out that this may be a 'governance attack', questioning whether a small group forcefully passed the proposal through extensive token acquisitions. The proposer, Humpy, denied any misuse of funds but failed to completely dispel community doubts.

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