EconomyCompound DAO used reserves to buy $52 million in COMP, prompting mandate-breach claims
A new on-chain reconstruction says Compound DAO reserves acquired enough COMP to hold a majority of delegated voting power at a May snapshot. Delegate ugurmersin alleged the conversion and delegation breached the reserve mandate, while the Compound Foundation said it served governance continuity and the tokens remained DAO-owned. The authority for the move remains disputed.
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CryptoSlate★★☆☆☆2026-09-29 02:30Original
Compound DAO used reserves to buy $52 million in COMP, prompting mandate-breach claims
Economy