DeFi-liquidity platform Compound Finance accepted proposition 289, but the project community suspected a possible "management attack".
The initiative involves the allocation of 5% of the treasury Compound (499,000 COMP tokens worth about $24.1 million) to the GoldCOMP yield protocol, developed by the Golden Boys team.
The proposal was approved by a small margin of 682,191 votes to 633,636. At the same time, only 57 addresses participated in the decision-making.
According to community members, there is more to the voting results than meets the eye. The project participants rejected a similar proposal in May, it assumed the transfer of only 92,000 COMP for the Golden Boys.
After that, the developer of OpenZeppelin security solutions, Michael Llewellen, made a connection between several accounts accumulating COMP on the open market and offers to redirect coins to finance GoldCOMP.
The researcher found five addresses that contain a total of 230,333 comps, which is just over half of the quorum threshold of 400,000 tokens for accepting an offer.
"In my personal opinion, the Golden Boys' actions can be considered an attack on management if they continue their attempts to withdraw funds from the protocol, clearly contradicting the will of all other DAO Compound delegates," Llewellen added.
In response to the warning, several community members, including Wintermute Governance, Columbia Blockchain, Penn Blockchain and StableLab, expressed similar concerns.
In the end, the proposal was accepted on the third attempt. The leader of the Golden Boys, known by the nickname Humpy, tried to defend his position.
Under Llewellen's post, he stated that "stealing funds is an illegal and misleading phrase coming from a risk specialist." According to him, the funds will pass through the Trust Setup service with a set of restrictions that will not allow them to be appropriated.
Recall that in July, the Compound Finance website was hacked. His visitors were redirected to phishing pages.
https://forklog.com/cryptorium/chto-takoe-compound