Compound's new grant proposal was passed and accused of suspected governance attacks. The beneficiaries hoarded COMP on the open market to facilitate the proposal's passage

BlockBeats news, July 29, according to The Block, the recently passed proposal of the DeFi lending protocol Compound has triggered accusations of governance attacks by community members, who claim that a small group of people were able to force the proposal through the approval process after purchasing a large number of tokens on the open market.

It is reported that Proposal 289 allocates 5% of Compound funds (499,000 COMP tokens worth about US$24 million) to the income agreement designed by "Golden Boys" for a period of one year. The proposal was barely passed on Sunday with 682,191 votes to 633,636 votes. Voting on the proposal began at 11:40 p.m. on Thursday and lasted throughout the weekend.

Michael Lewellen, security solutions architect at OpenZeppelin and security consultant for Compound Finance, said that several accounts hoarding COMP tokens on the open market were related to several proposals to allocate COMP to the goldCOMP product created by an organization called Golden Boys. In response to Lewellen's security alert, several community members including Wintermute Governance, Columbia Blockchain, Penn Blockchain, and StableLab also expressed similar concerns.