By the end of this lesson you’ll be able to read a proposal for what it will do rather than what it says, choose a delegate, keep your wallet safe while voting, and say in plain words what a governance token gives you.
Read the actions, not the essay
The forum post
The forum post explains, persuades and promises.
The on-chain payload
The on-chain payload is the thing that will happen.
Only the actions are binding, and a proposal can change on its way to the chain. Compound’s Proposal 289 in lesson 4 is the warning.
Forum draft, 9 July 202492,000 COMP
On-chain proposal499,000 COMP
The forum draft, and the proposal that went to the vote.
Anyone who stopped at the forum draft voted on a figure more than five times too small.
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