South Korea plans to launch $35 billion frontier AI model development project next year
Solana Foundation Launches DvP Settlement Solution, Aiming to Become the Standard for Institutional On-Chain Transactions
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Wallet Accumulates Over $13 Million in HYPE from Coinbase Prime
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A newly created wallet, t1Sj6J, withdrew 7,166 $ZEC ($9.67M) from #Coinbase over the past 12...
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Kraken parent joins Singapore Gulf Bank, opening 24/7 institutional dollar rails
Crypto PAC Fairshake announces support for 32 House representatives, plans to spend over $100 million
Analysis: Bitcoin fails to break September-end high in two attempts, retreats after nearing $87,000
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Smart money that bet on UNI in September appears to take profit, depositing all 654,288 UNI into Coinbase two hours ago
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129,300,000 $USDC (129,300,000 USD) transferred from Unknown Whale 1 to #Aave...
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129,300,000 $USDC (129,279,958 USD) transferred from #Aave to Unknown Whale 1...
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ESMA 2027 Annual Work Programme
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Compound DAO Votes on Proposal to Extend Treasury Withdrawal Delays
Compound DAO is currently voting on Proposal 612, which seeks to extend the treasury withdrawal delay from two days to ten days. This change aims to provide COMP token holders with a longer period to react before any funds are moved, aligning treasury execution timelines with the governance process of the decentralized autonomous organization (DAO). The proposal was submitted by Ugur Mersin on October 2, 2026, and voting commenced on October 4, with a conclusion scheduled for October 7.
The vote has seen significant support, with a wallet linked to delegate Humpy casting 1.75 million COMP votes in favor, surpassing the quorum threshold. In contrast, opposition votes amount to 921,000 COMP. The proposed changes include increasing the Treasury Escrow withdrawal cooldown and the Treasury Timelock minimum delay from two days to ten days, along with establishing a 17-day expiration for the Escrow, which would create a seven-day window for withdrawals after the cooldown period.
This proposal comes amid heightened scrutiny of the Treasury Management Committee (TMC), particularly following a $3 million stablecoin transfer and a $2 million deployment into a liquidity position on Uniswap V3. Allegations have also surfaced regarding the Compound Foundation's activities prior to significant proposal votes, raising concerns about treasury oversight. If passed, the proposal would introduce a ten-day public waiting period for TMC actions, allowing for greater review and potential cancellation by governance before funds are moved.
Source: KLEA News