
Compound votes on Proposal 612 to extend treasury delays and add veto power
- —Proposal 612 raises the Treasury Escrow withdrawal cooldown and minimum Treasury Timelock delay from 2 to 10 days
- —Escrow expiration is set at 17 days, including a 7-day withdrawal period after the cooldown
- —The Governor Timelock would receive EXECUTOR_ROLE and CANCELLER_ROLE to cancel treasury operations
- —Vote count: 1.75 million in favor versus 921,000 against, with a quorum of 400,000
Why it matters: The outcome will test whether DeFi can make governance more enforceable without weakening decentralization.
Source: Cryptopolitan