DAO Drama: Compound Governance Controversy
Recent events related to Compound Finance highlight potential problems that DAOs may encounter

Recent events related to Compound Finance highlight potential problems that DAOs may encounter
Discussions about Bitcoin governance often focus on who is the ultimate decision-maker, with recurring candidates including miners, nodes, and investors. The purposes and mechanisms of governance are often only hinted at or even disconnected from reality.
The decentralized finance (DeFi) sector recorded massive losses in 2022.
Three main addresses sent 17,278 Ether to six exchanges, which managed to freeze at least some of the stolen funds.
The attacker used a flash loan exploit on a new collateral option for a Jarvis Network pool.
Huobi labels the pGala token a meme coin, incentivizes users with a trading contest.
The Enso team hopes to get more than $1 billion in TVL through "Vampire Attack", but users must stake for at least 3 weeks to see the benefits.
The phishing attack coincided with BAYC's first anniversary, leading many users to believe the link was genuine.