COMP Down 6.7% after Supposed ‘Governance Attack’ on Compound DAO

COMP Down 6.7% after Supposed ‘Governance Attack’ on Compound DAO

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Source: Coindesk.com

A group called the 'Golden Boys' has pushed through a proposal, after three prior attempts, to direct $24 million in COMP token to a yield-bearing protocol called goldCOMP which would give passive income to COMP token holders. Wintermute and other large stakeholders are concerned that the move constitutes a governance attack on the protocol.

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The post "COMP Down 6.7% after Supposed 'Governance Attack' on Compound DAO" appeared first here Coindesk.com.

Source: Coindesk.com

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