Please note that a follow-up proposal from the Golden Boys, Proposal 279, was recently submitted and will begin its voting phase in less than two days.
While the Golden Boys have attempted to address community concerns with a “Trusted Setup” detailed in this forum post , there are still many concerns with this approach as detailed by @WintermuteGovernance. We agree with these concerns and do not believe this approach sufficiently addressed the core issue with the COMP tokens being delegated without any clawback mechanisms or oversight from the DAO.
OpenZeppelin also shares @WintermuteGovernance’s concern that the large amount of COMP being requested would constitute a governance attack risk. We also remind community members that there is still nearly 230K of COMP delegated from a ByBit withdrawal source which may be aligned with the Golden Boys proposals, even though they have not yet shown any activity in voting. More on that in our prior governance security notice.
If the community wishes to vote against this proposal, we urge ALL governance delegates to be prepared to vote on Proposal 279 in case a large number of new delegate votes come into play.