The proposal involving governance attacks by Compound has been negotiated and canceled.

robot
Abstract generation in progress

Odaily Planet Daily News: Bryan Colligan, the head of Compound Rise, stated at the governance forum that Proposal No. 289, which was previously considered a governance attack on Compound, has been cancelled after consultation with Large Investors Humpy. Humpy will give up the external distribution of 500,000 COMP tokens. In addition, the proposal suggests distributing 30% of the market reserves and annual additional market reserves to COMP stakers. Earlier, Proposal 289 was passed with a slight advantage of 682,191 votes to 633,636 votes. The proposal distributes 5% of the Compound Treasury's funds (499,000 COMP Tokens, worth about $24 million) to a one-year interest protocol designed by the 'Golden Boys.' Voting on the proposal began at 11:40 p.m. local time on Thursday and continued until the weekend.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)