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Compound added a veto after a $24M governance scare, CryptoSlate reports · Digg

Compound added a veto after a $24M governance scare, CryptoSlate reports

CryptoSlate says 82% of the Compound proposal’s support arrived in the final 34 minutes, and the vote passed under the rules—not because of a bug.

CryptoSlate reports that Compound’s $24 million governance scare involved a proposal that passed under the rules, with 82% of its support arriving in the final 34 minutes. Compound later added a veto, the publisher says. CryptoSlate frames that safeguard as a tradeoff in decentralized governance: an emergency brake means someone gets override power.

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Compound added a veto after a $24M governance scare, CryptoSlate reports

CryptoSlate says 82% of the Compound proposal’s support arrived in the final 34 minutes, and the vote passed under the rules—not because of a bug.

CryptoSlate reports that Compound’s $24 million governance scare involved a proposal that passed under the rules, with 82% of its support arriving in the final 34 minutes. Compound later added a veto, the publisher says. CryptoSlate frames that safeguard as a tradeoff in decentralized governance: an emergency brake means someone gets override power.

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CryptoSlate@CryptoSlate 4 days ago
Compound’s $24M governance scare wasn’t a bug: 82% of the proposal’s support arrived in the final 34 minutes, and the vote passed under the rules. Compound later added a veto. That’s the DAO tradeoff: an emergency brake means someone gets override power.
cryptoslate.com
DAOs are forcing crypto protocols to choose between code and emergency brakes
New research shows how DAO security measures can quietly concentrate power even as crypto governance promises decentralization.
- likes: 2
- replies: 0
- bookmarks: 1
- reposts: 0

Combined views

1.9K

1 post, first seen 4d ago

2 likes1 saves

Posts from X

1 post

CR
CryptoSlate@CryptoSlate 4 days ago
Compound’s $24M governance scare wasn’t a bug: 82% of the proposal’s support arrived in the final 34 minutes, and the vote passed under the rules. Compound later added a veto. That’s the DAO tradeoff: an emergency brake means someone gets override power.
cryptoslate.com
DAOs are forcing crypto protocols to choose between code and emergency brakes
New research shows how DAO security measures can quietly concentrate power even as crypto governance promises decentralization.
- likes: 2
- replies: 0
- bookmarks: 1
- reposts: 0