BeInCrypto –
Decentralized finance lending platform Compound has passed a proposal that will fix the bug that resulted in millions of tokens being mistakenly distributed last week. The proposal passed unanimously on Oct 7 with 1,037,107 tokens pledged for it and none against it. The top voting addresses were Compound’s heavyweight backers, Andreessen Horowitz (a16z), Gauntlet, and CEO Robert Leshner.
Compound Finance governance has passed ‘Proposal 64’ which patches a bug in a previous upgrade that allowed users to claim large amounts of COMP tokens. Compound Labs confirmed that token distribution will return to normal when the patch is deployed on Oct 9.
“For the majority of users, the COMP Distribution will return to normal after execution. Certain users (that hit the 62 bug) will be unable to claim COMP until after a future patch.”
This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto
