Compound is voting on a proposal from delegate Ugur Mersin that would give token-holder governance direct power to cancel pending Treasury Timelock operations and extend treasury waiting periods from two days to ten. The change would give $COMP voters more time to intervene before the Treasury Management Committee (TMC) moves funds.
Proposal 612, submitted Oct. 2, remained active at about 2:25 p.m. ET on Oct. 5, with the governance interface showing approximately 1.75 million $COMP for, 921,000 against and no abstentions. A wallet that governance researcher Blockful links to Humpy cast 1.75 million votes in favor—more than all the opposing votes then recorded and enough to exceed the 400,000-$COMP quorum.
The dispute turns on who can stop treasury spending in time. The current two-day waiting periods are shorter than the roughly week-long governance process, leaving intervention dependent on the Community Multisig, a separate group of signers. Mersin argues that voters need an effective way to overrule treasury operators; the Compound Foundation argues that longer delays would impede operations and empower a concentrated voting position.
