While Compound’s developers submitted a fix for the protocol’s bug on Sept. 30, the update won’t take effect until a seven-day time-lock on code updates has passed.
Major DeFi money market Compound’s woes are worsening, with nearly $150 million worth of COMP now at risk due to a buggy upgrade to the protocol that went live last week.On Sept. 30, Cointelegraph reported that a bug had resulted in between $70 million and $85 million worth of COMP tokens being mistakenly offered to users as rewards after an update intended to fix bugs and “split COMP rewards distribution” went awry.Despite the reward distribution error being identified quickly, Compound’s week-long delay on enacting new governance measures meant that the error will not be fixed until Oct. 7.On Oct. 3, Compound founder Robert Leshner tweeted that 202,472.5 COMP (worth approximately $65 million) had been placed at risk after the protocol’s drip fun
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