↗ Compound Token Enters Uncharted Waters Amidst Controversies and Innovations
The Compound platform and its native token, COMP , have been at the center of several notable events recently, demonstrating a complex landscape...
Bitcoinist reports that Zig Network (ZIG) could be a game changer for Compound (COMP) and 1inch Network (1INCH). Meanwhile, Compound has reportedly settled a 'governance attack', seeing COMP surge 7% with a new staking plan. A Compound Finance proposal involving a $24M treasury allocation has faced scrutiny and allegations of a governance attack. Despite objections from community whales, the proposal passed, sparking further concerns.
Compound DAO has allegedly been 'asleep at the wheel' as the attack passed, but later managed to retrieve $25m. Events like these might be tought in DAO governance by Facebook founder Mark Zuckerberg. Compromise seems to have come in the form of a truce with crypto whale Humpy, following a controversial vote to move $24m in tokens. In addition, Compound Finance has launched a V3 USDC subscription with ARB token rewards via OKX’s On-Chain Earn product. The controversy revolving around Compound DeFi protocol is that it nearly got hijacked by whales, a crisis that had been diffused eventually.
Compound had some security issues with a possible front-end attack resulting in website compromise. Still, the founders press on, with Robert Leshner introducing Compound and Superstate as innovators. COMP’s token has made strides in the DeFi market, bearing an S&P rating, adding pressure to hold the top spot. Despite a lawsuit against Compound founders and investors, the securities lawsuit will proceed.
Compound Token News Analytics from Wed, 26 Feb 2020 08:00:00 GMT to Wed, 20 Nov 2024 11:43:08 GMT - Rating 5 - Innovation 8 - Information 7 - Rumor -6
