Proposal 064: A Bug Fix on a Mission
On a recent Thursday, Compound Finance made headlines with the unanimous passing of Proposal 064, which aims to tackle the notorious “Fix COMP Accrual Bug.” This proposal emerged in response to chaotic events triggered by the bug introduced in Proposal 62. The developers have come together, presumably with coffee and strategic discussions, to ensure that COMP reward withdrawals are pessimistically permitted until a proper fix is implemented.
Unity in Votes: A Strong Show of Support
The proposal received a staggering 1,037,107 votes in favor, with absolutely no dissenting views—thanks to 27 influential addresses including the likes of CEO Robert Leshner, Andreessen Horowitz’s A16z, Gauntlet, and Pantera Capital. It’s the kind of unanimous approval that makes you wonder if they all attended the same team-building retreat.
What’s Next for Affected Users?
Sadly, not all users will be singing happy songs just yet. Individuals who interacted with the six affected markets—cTUSD, cMKR, cSUSHI, cYFI, cAAVE, and cSAI—will have to wait to claim their entitled COMP rewards. After the execution of Proposal 064 on the upcoming Saturday, normalcy is expected to resume for most, but those impacted by the bug will require a future patch to reclaim their lost COMP bliss. Here’s a quick rundown:
- Proposal 064 Passed: 1,037,107 COMP ✅
- No Votes Against: 0 COMP ⛔️
The unfortunate reality is that the bug’s fallout may leave some users in limbo until the patch is applied. What a twist!
A Look Back: The Chaos of Proposal 062
For those who may have missed the rollercoaster leading up to this moment, Proposal 062 opened Pandora’s box when it inadvertently allowed users to claim a staggering amount of COMP tokens, reportedly amounting to a whopping $70 million. Imagine running a financial protocol and finding out you’ve handed out the equivalent of a yacht to random folks! Immediate measures were taken to curtail the chaos through Proposal 063, which while effective, had its own delays and challenges.
Can We Get Those Lost Funds Back?
The optimistic hearts at Compound Labs suggest that while Proposal 064 is on the horizon to fix the accrual issues, the retrieval of lost funds is a tad more complex. Users will have to rely on individual moral discretion on how to claim their losses, essentially leaving some tough decisions ahead. Who knew governance could feel like a dramatic courtroom scene rather than a financial collaborative effort?
Remember folks, in the wild world of crypto, always double-check your proposals, and maybe keep a lifebuoy handy just in case you wade too deep into the waters of code!
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