Comet

Compound DAO: DeFi's Governance Pioneer and the Security Council Revolution

Compound did not merely create a DeFi lending protocol — it created the governance infrastructure that the entire DeFi industry copied. Governor Bravo, the delegation model, and the on-chain execution framework that Compound pioneered are now the backbone of protocols governing trillions in assets. Then, in 2024, Compound became the victim of the industry's most significant governance attack — and its response may be equally as influential as its original contributions.