Compound's new proposal has been passed, which is accused of being a governance attack, and some users have hoarded COMP to promote the passage of the proposal.
Foresight News reported that according to The Block, the DeFi lending protocol Compound's recently passed proposal has led to accusations of governance attacks from community members, who claim that certain users have forcibly passed the proposal by purchasing a large amount of COMP tokens on the open market. The proposal aims to allocate 499,000 COMP tokens (5% of Compound's funds), worth approximately $24 million, to a yield protocol controlled by "the Golden Boys" for a period of one year, and was voted through on Sunday.
Compound Finance security advisor Michael Lewellen stated that some accounts that have accumulated COMP tokens on the open market are related to the proposals initiated by the "the Golden Boys" organization. After the proposal was passed, the price of Compound tokens fell by 7.55% in the past 24 hours, currently trading at 47.61 USDT.
