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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.

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1 Source, 25d ago, first seen 25d ago

TLDR

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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Combined views

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1 Source, first seen 25d ago

2 likes1 saves

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@CryptoSlateCompound’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. https://cryptoslate.com/daos-are-forcing-crypto-protocols-to-choose-between-code-and-emergency-brakes/
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    1 Source

    @CryptoSlateCompound’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. https://cryptoslate.com/daos-are-forcing-crypto-protocols-to-choose-between-code-and-emergency-brakes/
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