Compound Governance Vote Seeks Power to Cancel Treasury Operations

Compound holders are voting on a measure that would give governance the power to cancel treasury operations, a question of how decision-making authority applies to the protocol’s funds.

The measure concerns Compound’s governance process and treasury operations.

In a separate reserve dispute, community member ugurmersin alleged that the Compound Foundation used an 8.42 million DAI reserve to obtain voting power. Proposal 536 placed the reserve under Foundation management for protocol operations. Ugurmersin alleged that the funds were used to acquire COMP for governance voting.

The earlier dispute centered on the Foundation’s handling of the reserve, as detailed in earlier coverage of the allegations over the 8.42 million DAI reserve.