Current outcome
Compound DAO is voting on Proposal 612, which would extend the delay on treasury operations from two days to ten and grant governance the power to cancel pending treasury actions. A wallet linked to Humpy has cast 1.75 million COMP votes in support of the proposal. If approved, the proposal would lengthen the window in which governance can react to pending treasury actions and add a new cancellation power. The 1.75 million COMP votes backing it from a wallet tied to Humpy — a holder the Compound community has previously accused of engineering a governance attack — place concentration concerns directly on that new power. The vote is still in progress, so passage is not confirmed. The measure covers both the longer execution delay and governance-controlled cancellation of pending treasury operations.
Progress timeline
2 material updates- #01
Compound DAO used protocol reserves to buy $52 million worth of COMP, and delegates call it a mandate breach
A new on-chain analysis alleges Compound DAO reserves funded a $52M COMP purchase that arrived in a DAO reserve wallet 58 minutes before Proposal 582's voting snapshot, giving supporters a bare delegated-vote majority and prompting delegate claims of a mandate breach.
Source evidence: CryptoSlate
- #02
Compound Votes on Giving Governance Power to Cancel Treasury Operations
Compound DAO is voting on Proposal 612, which would extend the delay on treasury operations from two days to ten and grant governance the power to cancel pending treasury actions. A wallet linked to Humpy has cast 1.75 million COMP votes in support of the proposal. If approved, the proposal would lengthen the window in which governance can react to pending treasury actions and add a new cancellation power. The 1.75 million COMP votes backing it from a wallet tied to Humpy — a holder the Compound community has previously accused of engineering a governance attack — place concentration concerns directly on that new power. The vote is still in progress, so passage is not confirmed. The measure covers both the longer execution delay and governance-controlled cancellation of pending treasury operations.
Source evidence: The Defiant