Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Compound Finance faces scrutiny over $24 million treasury allocation
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 […]
The post Compound Finance faces scrutiny over $24 million treasury allocation appeared first on CryptoSlate.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.