Compound DAO faced a significant governance attack by the Golden Boys group, led by a whale named Humpy. Proposal 290 was introduced.
Compound Finance resolves governance conflict by retracting a controversial staking product and proposing a new solution. The initial dispute involved Proposal 289, which allocated $24 million from Compound's treasury to a yield-generating protocol managed by Golden Boys.
Compound price surged by 6.4% despite a $25 million attack on its dysfunctional DAO governance system.
Key takeaways from the Golden Boys' attack on Compound DAO.