Compound votes on Proposal 612 to stretch treasury delays from two days to ten

Compound DAO is voting on whether its treasury should have to wait longer before moving money. Proposal 612 would stretch key treasury delays from two days to ten, giving COMP holders more than a week to react before funds leave.

The vote is already lopsided. A wallet linked to delegate Humpy has cast 1.75 million COMP votes in support, enough to push the proposal past quorum. Against votes sit at 921,000.

What Proposal 612 actually changes

Ugur Mersin submitted the proposal on October 2, 2026. Voting opened on October 4 and is scheduled to wrap up on October 7.

The core change targets two settings. The Treasury Escrow withdrawal cooldown would rise from 2 days to 10 days. The Treasury Timelock minimum delay would also climb from 2 to 10 days.

The proposal also sets an expiration on the Escrow at 17 days. That creates a seven-day withdrawal window after the ten-day cooldown ends. If funds are not withdrawn in that window, the opportunity lapses.

Proposal 612 would give the Governor Timelock explicit roles as both executor and canceller over the Treasury Timelock. The main governance contract would hold the power to push treasury actions through, and also the power to kill them.

The stated goal is to line up treasury execution timelines with Compound’s full governance process. A two-day window is shorter than the time it takes the DAO to propose, debate, and vote on almost anything.

Why the treasury is under a microscope

The proposal did not appear out of thin air. It follows recent activity by the Treasury Management Committee, or TMC.

On September 29, 2026, the TMC transferred $3 million in stablecoins. It then deployed $2 million USDC into a Uniswap V3 COMP position. The two-day delays governing these moves were set under the 2026 Treasury Management Program.

Recent accusations asserted that the Compound Foundation swapped 8.42 million DAI for roughly 344,780 COMP shortly before important proposal votes. Those are allegations, not findings, but they help explain why treasury oversight has become a front-burner issue.

Humpy returns to the spotlight

Humpy has a history of large COMP accumulation and has been involved in governance proposal dynamics across various DAOs.

The 921,000 COMP voting against shows the proposal is not universally popular. Some delegates may see ten days as too slow for a committee tasked with managing capital in fast-moving markets.

What this means for Compound and COMP holders

If Proposal 612 passes, every significant TMC action would come with a ten-day public waiting period and a clear path to cancellation through governance. Transfers like the $3 million stablecoin move or the $2 million USDC liquidity deployment would sit in a queue long enough for delegates to review, debate, and potentially block them.

A ten-day delay plus a seven-day withdrawal window means treasury actions could take more than two weeks from approval to completion.

The things to watch are straightforward. First, whether the vote holds through the scheduled October 7 close. Second, how the TMC adjusts its strategy under longer delays if the proposal passes. Third, whether the allegations involving the Compound Foundation’s DAI-to-COMP swap lead to further proposals targeting governance integrity.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.