1/ Is Compound's governance about to get a boost? @compoundfinance 🧵 1/7

As Asia's leading and trusted market infrastructure, we facilitate the exchange of capital and ideas to create value for people, biz & economies.

We uncover what is happening across web3 👀

2/ The Delegate Compensation Program Pilot, led by AranaDigital and others, is shaking things up with financial incentives for delegates to tackle declining voter participation.

4/ The goal? Align delegate incentives with Compound's objectives and create a sustainable governance framework.

5/ But there's a twist: Argonaut spotted a data glitch on the Dune dashboard, and OpenZeppelin's review of Proposal 409 found some issues.

6/ Will a new vote turn the tide? Stay tuned for updates!

👉 Learn more at https://app.x23.ai/compound/discussions/topic/6383/delegate-compensation-program-pilot-final

3/ With a $288,000 budget, this 6-month pilot divides 16 delegates into two tiers, rewarding them in COMP tokens based on their delegate score.