The Compound Foundation on Sept. 28 rejected governance participant Ugur Mersin’s allegation that it misused 8.42 million DAI in the lending protocol’s V2 reserves, saying the assets remained DAO-owned and had not funded Foundation operations. In its statement, the Foundation acknowledged... Read the full story at The Defiant
Compound Foundation Denies V2 Reserve Misuse Allegation
Records show 344,780 COMP increased the Foundation’s voting power before a $52 million V4 budget vote. The proposal had enough support to pass without those tokens.
