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The Defiant 2025-03-13 20:57:34

Gauntlet Accused of Self-Dealing in Compound Proposal

Compound DAO’s most recent governance vote approved the launch of Morpho-powered lending vaults on Polygon, and members of the DeFi community are up in arms over who the decision ultimately benefits. The proposal was floated by risk management firm Gauntlet in January and suggested a collaboration between Compound, Morpho, and Polygon, enabling Compound to launch Morpho-powered vaults on Polygon with $3 million in incentives contributed equally by Compound and Polygon. Voting went live on March 6 and the proposal passed on March 9 with 92% of votes cast in favor. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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