Compound Finance, a prominent DeFi protocol, has faced significant backlash following the approval of a contentious proposal that directs 5% of its treasury—equivalent to 499,000 COMP tokens valued at roughly $24 million—to a lesser-known yield-bearing protocol called goldCOMP Vault. According to CryptoSlate’s data, this allocation has adversely affected the COMP token, which dropped by approximately […]
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Compound Finance faces scrutiny over $24 million treasury allocation