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Compound Finance’s latest proposal: A governance attack or fair play?

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Compound Finance finds itself in the middle of a controversial vote which may have been the subject of a governance attack.

Is Compound Finance’s latest vote an opportunity for investors looking for passive opportunities or a trap set by a whale with personal interests?Compound Finance is currently in the midst of a controversy involving a potential governance attack. The controversy revolves around Proposal 289, a Compound Finance proposal designed to provide a way for COMP holders to earn passive yields., a group called the Golden Boys created the yield earning mechanism which requires COMP.

At first glance, the proposal looked like it would incentivize COMP HODLing. However, some of the community members who voted against the proposal expressed concerns about a potential governance attack. A whale who goes by the pseudonym Humpy was reportedly involved in influencing the vote. Over $25 million worth of COMP

Those criticizing the development argued that the Golden Boys may end up having too much control of funds in the vault.

 

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