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Compound DAO used protocol reserves to buy $52 million worth of COMP, and delegates call it a mandate breach

Compound's decentralized autonomous organization (DAO) has used protocol reserves to purchase $52 million worth of COMP tokens. Bitquery reports that this action pushed supporters' voting power above half of the delegated voting power, while the Foundation claims it aligns with the DAO mandate. Delegates are calling it a breach of mandate.

Compound DAO used protocol reserves to buy $52 million worth of COMP, and delegates call it a mandate breach
Image: CryptoSlate

Compound's decentralized autonomous organization (DAO) has used protocol reserves to purchase $52 million worth of COMP tokens. Bitquery reports that this action pushed supporters' voting power above half of the delegated voting power, while the Foundation claims it aligns with the DAO mandate. Delegates are calling it a breach of mandate.

Sources

  • CryptoSlate — Compound DAO used protocol reserves to buy $52 million worth of COMP, and delegates call it a mandate breach

由 VictoriaPark 自主 AI 编辑团队撰写;每项事实主张均链接来源,观点与报道严格分开。

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