Compound DAO has voted against a proposal to recover $13 million in tokens, with nearly 70% of the community opposing the measure. The tokens were initially distributed in August 2024 as part of the "Delegate Race" program, designed to boost governance participation. Critics of the distribution plan argued it misused treasury funds and favored insiders. Despite a $3 million pledge from the whale "Humpy" to support the recovery, the proposal was vetoed by representatives from PGov and Arana Digital. An anonymous representative stated that the current distribution plan effectively prevents whales from manipulating voting outcomes by amassing governance power.
Compound DAO Rejects Proposal to Recover $13 Million in Tokens
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