Compound is a crypto lending protocol governed by holders who delegate their COMP tokens, a setup known as a decentralized autonomous organization, or DAO. It works like an online republic, with token holders debating proposals, voting, and letting software carry out the result. In July 2024, t...

Source: [CryptoSlate](https://cryptoslate.com/daos-are-forcing-crypto-protocols-to-choose-between-code-and-emergency-brakes/)

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