A wallet tied to long-time Compound delegate Humpy has cast 1.75 million COMP in support of Proposal 612, pushing the governance vote past quorum less than four days after it opened. The tally tips a tightening of the DAO's treasury controls that backers describe as overdue and critics warn could slow a committee built for speed.

The vote opened on October 4, 2026, with 921,000 COMP cast against the measure at the time of writing. Ugur Mersin submitted the proposal on October 2; the snapshot is scheduled to close on October 7.

What does Proposal 612 actually change?

The text targets two parameters in Compound's treasury stack. The Treasury Escrow withdrawal cooldown would rise from 2 days to 10 days. The Treasury Timelock minimum delay would climb from 2 to 10 days on the same schedule.

A 17-day expiration written into the Escrow carves out a seven-day withdrawal window once the ten-day cooldown clears. Funds left sitting past that point lose execution rights.

Proposal 612 also grants the Governor Timelock explicit executor and canceller authority over the Treasury Timelock. Compound's main governance contract would gain a direct switch over committee-driven actions, with the option to push them through or kill them before settlement.

The proposal frames its rationale around a misalignment: a two-day treasury delay sits below the time the DAO normally needs to propose, debate and ratify a binding vote on any substantive change.

Why the treasury is under a microscope

The proposal arrives on the heels of two sizeable deployments by Compound's Treasury Management Committee. On September 29, 2026, the TMC transferred $3 million in stablecoins. The same committee then placed $2 million USDC into a Uniswap V3 COMP liquidity position. Both cleared under two-day delays set by the 2026 Treasury Management Program.

That activity, and the speed at which it cleared, has drawn pointed questions from tokenholders. Recent public accusations assert that the Compound Foundation swapped 8.42 million DAI for roughly 344,780 COMP shortly before a series of high-stakes DAO votes. These remain unverified allegations rather than on-chain findings, but they have put treasury oversight at the center of the delegate agenda.

Who is voting, and against whom

Humpy has accumulated substantial COMP over multiple cycles and has been a recurring voice in proposal dynamics beyond the Compound DAO. The roughly 830,000-vote margin over opposition suggests a coordinated push rather than a dispersed community preference.

The 921,000 COMP opposing the change is not trivial. Critics may read a ten-day lockup as too slow for a committee charged with deploying capital across DeFi venues where yield can compress in a single block.

What changes for COMP holders and the TMC

Should the vote hold through October 7, every material TMC action would enter a ten-day public queue before settlement. Holders would also gain a clear cancellation path through the Governor Timelock for the duration of that window.

That structure would have reshaped the September 29 moves. The $3 million stablecoin transfer and the $2 million USDC deployment would have sat in escrow for nearly ten days, leaving delegates visible runway to block, debate or reroute them.

The mechanics now push a single treasury action past two weeks from approval to settlement. The October 7 close will lock in whether that timeline takes effect.

Two threads warrant tracking. First, how the TMC recalibrates its operating cadence under the longer lockup. Second, whether the DAI-for-COMP allegations morph into follow-on governance proposals with enforcement teeth of their own.