Compound's emergency multisig canceled a vote on handing itself $5M. Now there's a vote to take away its cancel button. It can cancel that one too.
On Oct. 22, five of the Community Multisig's nine signers killed Proposal 618 before voting opened. 618 would have moved the DAO's $5M emergency fund into the multisig's own custody. Proposal 613, to close that fund, got the same treatment Oct. 7.
Proposal 619 from delegate Humpy, now pending onchain, ends that cancel power Nov. 1 and keeps the multisig's power to pause markets. Humpy says 618 was harmless, the signers won't explain, and two took Compound Foundation advisor fees. His claims, not findings.
The button was built for governance attacks. In February it got four more years.
An emergency brake that picks which trains run is just a gatekeeper with a red handle.
Source: Compound forum: End Community Multisig Cancellation Power