Compound Finance has reached a truce with crypto whale Humpy following a controversial governance vote involving $24 million in tokens.
Points
- Truce reached with crypto whale Humpy
- Controversial governance vote involving $24 million
- Proposal 289 withdrawn, new staking product offered
- Enhanced utility for COMP tokens
Compound Finance has brokered a truce with pseudonymous crypto whale Humpy after intense discussions surrounding a controversial governance vote. Proposal 289, which aimed to allocate $24 million worth of Compound’s treasury funds to a yield-bearing protocol led by The Golden Boys, was met with widespread criticism and allegations of vote manipulation.
Under a new forum post by Bryan Colligan at Compound, Proposal 289 will be withdrawn. Instead, a new staking product has been offered, enhancing the utility of COMP tokens by distributing 30% of fresh token reserves annually to staked COMP holders. This proposal has received endorsements from various Compound delegates and security experts.
This resolution aims to protect governance and serve community interests, mitigating risks posed by the previous proposal.
解説
- The truce with Humpy highlights the complexities of decentralized governance in the DeFi ecosystem.
- Withdrawing Proposal 289 and introducing a new staking product aims to align the interests of all parties involved.
- Enhanced utility for COMP tokens can potentially increase their value and attract more stakeholders to the Compound platform.