December 23, 2020, 6:39AM EST
• 10 min read
DeFi governance games: Compound and its Governor Alpha
- Compound’s decentralization started with v2.2 by adding Timelock and continued with the distribution of COMP tokens to users.
- Compound autonomous proposals have not yet become a popular solution for submitting proposals by minority COMP holders.
- The COMP whales can independently determine the Compound’s future, as retail token holders use the delegation function to a limited extent.
- Governor Alpha smart contract facilitated the launch of many DeFi projects and resulted in a loss of user funds if misused, such as in YAM v1.