Odaily Planet Daily News: Bryan Colligan, the head of Compound Rise, stated at the governance forum that Proposal No. 289, which was previously considered a governance attack on Compound, has been cancelled after consultation with Large Investors Humpy. Humpy will give up the external distribution of 500,000 COMP tokens. In addition, the proposal suggests distributing 30% of the market reserves and annual additional market reserves to COMP stakers.
Earlier, Proposal 289 was passed with a slight advantage of 682,191 votes to 633,636 votes. The proposal distributes 5% of the Compound Treasury’s funds (499,000 COMP Tokens, worth about $24 million) to a one-year interest protocol designed by the ‘Golden Boys.’ Voting on the proposal began at 11:40 p.m. local time on Thursday and continued until the weekend.
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