Compound governance
Compound Governance
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from DAO Voting
Compound Governance is a process that allows token holders to participate in the decision-making of the Compound protocol. The governance process is outlined in the Compound documentation(https://compound.finance/docs/governance) https://gyazo.com/002d552469aef287a0d8e0c8b02900ff.
To create a proposal, token holders must use the COMP token (also known as the Governance token). However, a minimum of 65,000 COMP tokens is required to create a proposal.
Once a proposal is submitted, a two-day deliberation period begins. During this period, token holders can vote on the proposal. If the proposal receives a majority vote, it will be implemented.
Please note that these steps will take at least a week to complete.