Tally CEO: Golden Boys' Move Against Compound DAO Is Not a Governance Attack

According to CoinDesk, Dennison Bertram, CEO and co-founder of the Tally Protocol, said that the recent decision by a group of governance token holders to create a revenue product on the Compound lending protocol was not a “governance attack” and that you can't blame people for following the rules. Just because other COMP token holders reacted with indifference doesn't mean that Humpy and Golden Boys' proposal was an attack; the smart contract wasn't exploited, and the actions taken were in line with the rules that govern the protocol's DAOs; this suggests that the democratic process of governing the DAOs isn't perfect, and needs to be improved.

Bertram said the recently announced Tally protocol, which aims to address low participation and attention to DAO governance by incentivizing active participation, will go live on the testnet in the coming weeks.Tally follows two previous rounds of funding in 2021 to build a DAO governance dashboard and tools.