Compound proposal would strip community multisig of power to cancel governance votes
- —Compound multisig cancelled proposal #618 on Oct. 22 with 5 of 9 signers before voting began
- —Proposal #618 sought to transfer a $5 million contingency fund to multisig control
- —The new proposal keeps the multisig's emergency power to pause markets
- —Cancellation authority would expire Nov. 1 at 08:00 Beijing time
Why it matters: The dispute over multisig powers tests the balance of authority in Compound governance and could affect COMP holders' confidence.
Source: PANews