Tally Protocol CEO: Golden Boys' move against Compound DAO is not a governance attack
On August 1st, Dennison Bertram, CEO and co-founder of Tally Protocol, said that the recent decision of a group of governance token holders to create a revenue product on the Compound lending protocol is not a "governance attack", you can't blame people for following the rules; just because other COMP token holders responded coldly, does not mean that Humpy and Golden Boys' proposal is an attack; the smart contract was not exploited, and the actions taken were in line with the rules for running the protocol DAO; this shows that the democratic process for governing the DAO is not perfect and needs to be improved.
Bertram said the recently announced Tally protocol, which aims to address low DAO governance engagement and attention by incentivizing active participation, will be launched into the testnet in the coming weeks. Tally has previously raised two funding rounds in 2021 to build DAO governance dashboards and tools.