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Compound governance vote passes after last-minute transfer of 344,780 COMP tokens tips majority

Protocol Fundamentals
28 Sep 2026
Tokenpost
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Compound governance vote passes after last-minute transfer of 344,780 COMP tokens tips majority

Shortly before a key governance vote on Proposal 582, Compound's reserve-managed Safe received 344,780 COMP tokens, pushing supporters' delegated voting power over 50%. This transfer, occurring 58 minutes before the voting snapshot, helped Proposal 582 pass with 1.88 million votes in favor and no opposition. The proposal approved a $52 million budget for the V4 program, including funds for operational and treasury management. However, the move sparked controversy as some delegates argued that converting DAO reserves into COMP tokens for voting exceeded the Foundation's mandate under Proposal 536. Blockchain data links the token movements but does not clarify the source or intent behind the transfer, leaving governance questions unresolved.

COMP (Compound) trades at Rp418.841 on Pluang as of Sep 29, 2026 09:51 WIB, down 0.72% in the last day. The token's market cap stands at Rp4.17 trillion with a 24-hour volume of Rp419.9 million. On Pluang, 69% of orders are sell orders, and the typical holding period is 97 days, showing steady investor engagement despite recent governance controversies.

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