Situation Update on Proposal 289: As originally feared, a large amount of recently delegated COMP voted in favor of the Golden Boys proposal and they were able to defeat all other community voters to pass the proposal. Proposal 289 will now be available to execute on Tuesday.
OpenZeppelin is working with all active delegates and Compound contributors to assess options for protecting the protocol. We see serious risks to the future decentralization of the DAO as a result of Proposal 289 passing and so we are exploring options to mitigate or reverse this outcome.