Compound votes on Proposal 612 to stretch treasury delays from two days to ten

Key Summary

Compound DAO is voting on Proposal 612, which would delay treasury actions from two days to ten days, giving COMP holders more than a week to react before funds leave. The proposal has already gained significant support, with 1.75 million COMP votes in favor and 921,000 against. If passed, treasury actions would come with a ten-day public waiting period and a clear path to cancellation through governance. The proposal aims to align treasury execution timelines with Compound's full governance process, addressing concerns over recent treasury management decisions, including a $3 million stablecoin transfer and a $2 million USDC liquidity deployment.