Compound


Tech

Mark Zuckerberg Could Teach DAOs Like Compound a Governance Lesson

A $24M "governance attack" led by a whale known as Humpy shows the flaws of a "one token, one vote" system, says security audit firm OpenZeppelin.

WASHINGTON, DC - JANUARY 31: Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC. The committee heard testimony from the heads of the largest tech firms on the dangers of child sexual exploitation on social media. (Photo by Alex Wong/Getty Images)

Finance

'Golden Boys' Move on CompoundDAO Wasn't a Governance Attack: Tally Protocol CEO

Sitting on the sidelines during the democratic process means you can't complain about the result, the CEO and co-founder of a DAO vote-counting protocol said.

(Phil Hearing/Unsplash)

Finance

COMP Token Rises as Whale Backs Down on Supposed 'Governance Attack' on Compound

A new staking product will be offered instead of what Humpy and the Golden Boys initially proposed.

(CoinDesk Indices)

Markets

COMP Down 6.7% after Supposed 'Governance Attack' on Compound DAO

A whale holding COMP tokens is helping push through a governance proposal that would allocate $24 million in COMP to a yield-bearing protocol called goldCOMP.

(CoinDesk Indices)

Videos

Compound Founder on Plans to Create Bond Fund With Ethereum for Record-Keeping

Robert Leshner, founder of decentralized lender Compound, submitted filings to U.S. securities regulators for "Superstate," a new company that will create a short-term government bond fund using the Ethereum blockchain as a secondary record-keeping tool. Superstate CEO Robert Leshner shares insights into his new venture and the path ahead to securing regulatory approval.

Recent Videos

Tech

Compound Founder Forms 'Superstate' to Create Bond Fund With Ethereum for Record-Keeping

The new fund will invest in short-term U.S. government bonds, relying on a traditional Wall Street transfer agent for keeping track of holders but using Ethereum as a secondary record-keeping source.

Compound founder Robert Leshner speaks at Token Summit 2019. (CoinDesk)

Finance

Bakkt Mass Delists Tokens Including Aave, Avalanche, Compound, Filecoin, MakerDAO and Uniswap

Intercontinental Exchange-owned Bakkt discontinued its consumer-facing app in February as it shifts away from retail

Bakkt Holdings, Inc. leadership outside the New York Stock Exchange following a successful merger with VPC Impact Acquisition Holdings to take the firm public. (NYSE)

Finance

$70M in Fresh On-Chain USDC Positions at Risk of Liquidation if Stablecoin Depegs by 10%

Traders betting on a USDC revival are in healthy profit but downside risk remains in the event of another depeg.

On-chain USDC liquidations (DefiLlama)

Markets

DeFi Lender Compound Tightens Borrowing Limits After Aave Exploit Attempt

A passed proposal introduces borrowing caps for five cryptocurrencies and sets stricter loan limits for another five.

Compound Finance will enforce new limits for borrowing to lower risk on the platform. (Unsplash)

Tech

Compound Pauses YFI, ZRX, BAT and MKR Supply to Protect Against Potential Exploits

Attackers have recently been exploiting DeFi protocols by manipulating thinly traded tokens and eventually draining liquidity.

(Getty/Seksan Mongkhonkhamsao)

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