Cryptocurrency Q&A
Why did compound crypto drop?
Why did compound crypto drop?
Giuseppe
Sat Nov 23 2024
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7 answers
1754
The user wants to know the reason behind the drop in the value of compound crypto.
7 answers
Lorenzo
Mon Nov 25 2024
Specifically, the DAO is currently grappling with a potential "governance attack."
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JejuJoy
Mon Nov 25 2024
Such an attack poses a significant threat to the stability and security of the Compound protocol.
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GwanghwamunGuardianAngelWings
Mon Nov 25 2024
Investors and users of the Compound protocol have expressed concerns regarding the implications of this governance attack.
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CherryBlossomFalling
Mon Nov 25 2024
COMP, the digital asset intrinsic to the Compound lending protocol, has experienced a decline exceeding 6%.
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Michele
Mon Nov 25 2024
This downturn can be attributed to issues affecting the Decentralized Autonomous Organization (DAO) responsible for overseeing the protocol.
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