TechFlow reports that Bryan Colligan, Growth Lead at Compound, has proposed a new staking product, suggesting allocating 30% of the market reserve to COMP stakers. This move responds to demands from new representative Humpy and calls for the cancellation of proposal 289. In exchange, Arr00 will withdraw proposal 290. The new product will be controlled by the Compound DAO and deployed via governance votes after audits and evaluations. The proposal is valid until July 30, 2024, 11:59 AM Beijing time. If Humpy does not cancel proposal 289 in time, the DAO will proceed with proposal 290. This initiative aims to balance interests and resolve the current governance dispute.
Earlier report: A Compound proposal to allocate $24 million in COMP to "Golden Boys" was accused of passing despite DAO opposition.
