The Compound DAO rejected the proposal to "recover $13 million worth of tokens" from the special representative office.

2025-09-18 03:39:41

Abstract generation in progress

PANews September 18 news, according to DL News, the DeFi lending protocol Compound community voted nearly 70% against a proposal to reclaim 13 million dollars worth of Tokens. These Tokens were allocated to DAO representatives through the "representative competition" program in August 2024, aimed at increasing governance participation. The proposer accused the allocation plan of abusing treasury funds, benefiting only insiders. The whale "Humpy" mobilized $3 million worth of COMP tokens to support the recovery. However, beneficiary representatives from PGov, Arana Digital, and others jointly vetoed the proposal. An anonymous representative revealed that the current allocation plan can effectively prevent whales like "Humpy" from implementing "DAO control"—that is, manipulating voting results by accumulating governance power.

COMP0.52%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes

Reward
2
1
Repost
Share

Comment

0/400

GateUser-5604baaf

· 09-18 03:49

The Compound community rejected a proposal to reclaim 13 million dollars in Token with nearly 70% of votes against it, the proposal accused that the distribution plan had abused public funds. Supporters included the Whale "Humpy", but the benefiting representatives formed an alliance against it, arguing that the current plan could effectively prevent Whale manipulation.

View OriginalReply0

GateNewsBot

Trending TopicsView More
#Gateperpdexislive
78.5K Popularity
#Joingrowthpointsdrawtowiniphone17
130.4K Popularity
#Cryptomarketrebound
248.4K Popularity
#ShowMyAlphaPoints
167.2K Popularity
#Fedofficialsspeakup
18.1K Popularity

Sitemap