Compound Finance plans to withdraw proposal 289 and introduce a new staking product. This new offering envisages distributing 30 percent of annual token reserves to COMP token holders. This step is considered as a step taken to protect community interests and increase the security of funds.

Compound Finance, which has taken important steps to resolve the recent management disputes, withdrew its old staking proposal that caused controversy. This development caused controversy within the community. The dispute began with tensions between a major cryptocurrency investor using the pseudonym "Humpy" and a group called the Golden Boys. At the heart of the tension was a proposal to allocate $24 million from Compound's treasury to a yield generating protocol managed by Golden Boys.

This proposal caused widespread debate in the Compound community, with some members claiming votes were manipulated. It was claimed that a small group in particular influenced the voting by purchasing a large amount of COMP tokens. This has raised concerns about the reliability of the management process.

Following these events, Bryan Colligan from Compound Finance announced that proposal 289 was withdrawn and a new staking product proposal would be presented. While the new proposal aims to protect the interests of COMP token holders, it has also gained the support of Humpy and other delegates.

The new staking product aims to distribute 30 percent of new token reserves generated annually to COMP token holders. The distribution will be based on the amount of COMP staked by each owner. The proposal will be voted on-chain by the Compound DAO and has the support of security experts such as OpenZeppelin and Gauntlet. Security expert Michael Lewellen from OpenZeppelin stated that the new proposal is an important step towards protecting community interests, reiterated his stance against the previous proposal and stated that this new solution has gained wider acceptance.

Finally, following these developments, the automatic distribution of $ 24 million in funds from Compound's treasury was canceled. This raised concerns about Golden Boys' attempts to divert funds to their own product, goldCOMP. It is also known that Golden Boys' two previous proposals were rejected by the Compound DAO, which also raised questions about the security of the funds.

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