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Compound's new proposal proposes stCOMP to eliminate the governance risk of goldCOMP

Compound's new proposal proposes stCOMP to eliminate the governance risk of goldCOMP

CointimeCointime2024/07/30 02:58
By:Cointime

On July 30th, Bryan Colligan, the growth officer of the decentralized lending protocol Compound, proposed a new staking plan called stCOMP after communicating with whale Humpy. The plan will distribute 30% of the market reserve generated by the protocol now and in the future to holders who stake COMP tokens in proportion. The stCOMP product will be controlled by Compound DAO and developed within the protocol team. If proposal 289 (a governance proposal for goldCOMP submitted by Humpy to transfer 25 million COMP tokens to its treasury) is not cancelled before 11:59 am Beijing time today, the team will proceed with the preventive treasury transfer process.

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