Tally CEO: The actions of Golden Boys towards Compound DAO are not a governance attack

ChainCatcher message, according to CoinDesk, Tally Protocol CEO and co-founder Dennison Bertram stated that a recent group of governance token holders decided to create a yield product on the Compound lending protocol, which is not a "governance attack." You cannot blame people for following the rules; just because other COMP token holders reacted indifferently does not mean that the proposals from Humpy and the Golden Boys are an attack. The smart contract was not exploited, and the actions taken are in accordance with the rules governing the DAO of the protocol; this indicates that the democratic process of governance DAOs is not perfect and needs improvement.

Bertram stated that the recently announced Tally Protocol will enter the testnet in the coming weeks, aiming to address the issues of low participation and engagement in DAO governance by incentivizing active involvement. Tally previously raised funds in two rounds in 2021 to build a DAO governance dashboard and tools.