TechCanceled Ampleforth proposal reportedly sought 2.5 million USDC for one wallet
CryptoSlate reports that the request represented roughly 98.5% of the treasury’s displayed USDC balance. The proposal was canceled before voting began, and no funds moved.
TLDR
An Ampleforth governance proposal requested 2.5 million USDC for a single wallet—roughly 98.5% of the treasury’s displayed USDC balance, CryptoSlate reports. It was canceled before voting began, and no funds moved. CryptoSlate says the episode exposed how concentrated delegated voting power could push a request of that size into the binding governance system.
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Canceled Ampleforth proposal reportedly sought 2.5 million USDC for one wallet
CryptoSlate reports that the request represented roughly 98.5% of the treasury’s displayed USDC balance. The proposal was canceled before voting began, and no funds moved.
TLDR
An Ampleforth governance proposal requested 2.5 million USDC for a single wallet—roughly 98.5% of the treasury’s displayed USDC balance, CryptoSlate reports. It was canceled before voting began, and no funds moved. CryptoSlate says the episode exposed how concentrated delegated voting power could push a request of that size into the binding governance system.