# Compound Reserve Wallet Gets $8 Million in COMP Before DAO Vote

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/25147
Published: 2026-09-29T02:34:20.000Z
Updated: 2026-09-29T02:34:20.000Z
Section: Investing

> The transfer helped supporters cross 50% of delegated voting power for Proposal 582, which approved a $52 million V4 program budget.

Compound’s reserve-managed Safe received 344,780 Compound (COMP) tokens shortly before a governance vote, helping supporters cross 50% of delegated voting power and prompting a dispute over the Foundation’s mandate.

The tokens arrived at 5:46 a.m. ET (09:46 UTC) May 5, 2026, 58 minutes before the voting snapshot for Proposal 582. Supporters held 1,883,966 of 3,757,805 delegated votes, or 50.1%, at the snapshot. Without the transferred COMP, their share would have been 45.1%.

Proposal 582 passed with about 1.88 million votes for, no votes against and a 400,000-vote quorum. It approved a $52 million V4 program budget, including $14 million for a Foundation-controlled operational wallet and $38 million for a Treasury Management Committee-managed reserve.

The $52 million figure was not the amount spent on COMP. The estimated purchase value of 344,780 tokens was about $7.99 million at a $23.17 price.

The dispute centers on Proposal 536, which placed about 8.42 million DAI of Compound v2 reserves under Foundation-administered control for protocol operations and governance continuity. Compound delegate ugurmersin alleged that converting DAO-owned reserves into COMP for voting exceeded that mandate. Blockchain records connect the reserve outflow and COMP inflow through exchange-related wallets but do not establish the funding account or intent.