.eth/acceleratooor Profile picture
Head of Product & Strategy at @ensdomains | prev: @Consensys | Eth–iopian 🇪🇹, Eth–erian 🦇🔊, NBA shitposter 🏀 my friends call me esk3nder.eth 💅
Jul 29, 2024 9 tweets 3 min read
The $COMP governance drama isn't exactly what you think it is, everyone's talking about the monetary value of the proposal, but I think its actually more than that.

Let me explain why its deeper than just the money

🧵👇🏾 First, you should understand that governance attacks basically come in two flavors:

• Financial: Taking capital from the treasury
• Social: Taking control over governance by increasing voting power

I believe what we're seeing with $COMP is primarily a social attack... for now