Compound's proposal involving governance attack has been cancelled through negotiation
Odaily News: According to Compound's Growth Manager Bryan Colligan at the Governance Forum, the previously proposed Proposal 289, which was believed to be a governance attack on Compound, has been canceled after negotiations with the large holder Humpy. Humpy will forgo the distribution of 500,000 COMP tokens. Additionally, the proposal suggests distributing 30% of the market reserves and new market reserves annually to COMP stakers.
Previously, Proposal 289 was narrowly passed with 682,191 votes against 633,636 votes. The proposal would have allocated 5% of Compound's treasury (499,000 COMP tokens, worth approximately $24 million) to a one-year yield farming agreement designed by the "Golden Boys". The vote on this proposal began at 11:40 PM local time on Thursday and continued through the weekend.
