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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.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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