DeFi· ★★★· bearish·

Compound Foundation accused of misusing 8.42M DAI from DAO reserve

  • —Proposal 536 allocated 8.42M DAI from the v2 reserve to the foundation for operations only
  • —The DAI was swapped for 344,780 COMP and delegated to the foundation's voting address
  • —The tokens were returned 58 minutes before voting on proposals 580 and 582 closed
  • —The foundation is one of the signers of TMC, which took control of nearly all DAO funds
Why it matters: The dispute over Compound's treasury could intensify calls for DAO governance transparency and affect COMP holders' confidence.
#COMP#DAI
Source: PANews
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