Compound DAO rejects the proposal to "retrieve $13 million voting rights from the Special Representative"
Source: ForesightNews
Time: 2025-09-18 13:07:11
Compound DAO rejected the proposal to "retrieve $13 million of voting rights from the Special Representative" with a 70% opposition rate. The proposal says the tokens benefit only a few insiders and harm the broader DAO community. The tokens are derived from the Delegate Race program in August 2024, aiming to increase governance participation in Compound DAO. The program will allocate 300,000 COMP (about $13 million) from the vault to Delegate Race from 2024 to increase governance participation.