Compound's proposal involving governance attack has been cancelled through negotiation

Bryan Colligan, head of growth at Compound, said in the governance forum that Proposal 289, which was previously considered a governance attack by Compound, has been cancelled through negotiation with the big player Humpy, and Humpy will give up the external distribution of 500,000 COMP. In addition, the proposal stated that it is recommended to distribute market reserves and 30% of the annual increase in market reserves to COMP pledgers. Earlier news, Proposal 289 was passed by a narrow margin of 682,191 votes to 633,636 votes. The proposal allocated 5% of the funds in the Compound treasury (499,000 COMP tokens, worth about $24 million) to a one-year interest-bearing agreement designed by the "Golden Boys". Voting on the proposal began at 11:40 p.m. local time on Thursday and lasted until the weekend.