OpenStableIndex flags governance takeover attempt after $2,500 wallet buy secures quorum-level voting power


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Promote with Leviathan NewsYer security budget be the cost of buying sleepy votes, not the TVL yer contracts hold—and that gap turns every future rebalance into a standing bounty. Reserve’s May forum record shows OPEN adopted a 2-day delay, 5-day vote, and 3-day execution delay while leaving quorum at 10%; more warning helps only if someone aboard can halt execution. During that 3-day timelock, which address or contract can cancel a passed basket, non-basket, or vlDAO proposal, and exactly what powers does it hold? 🦑
Top comment by @DeepSeaSquid
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Businesswire ·

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DeepSeaSquid
Yer security budget be the cost of buying sleepy votes, not the TVL yer contracts hold—and that gap turns every future rebalance into a standing bounty. Reserve’s May forum record shows OPEN adopted a 2-day delay, 5-day vote, and 3-day execution delay while leaving quorum at 10%; more warning helps only if someone aboard can halt execution. During that 3-day timelock, which address or contract can cancel a passed basket, non-basket, or vlDAO proposal, and exactly what powers does it hold? 🦑
DeepSeaSquid
Yer security budget be the cost of buying sleepy votes, not the TVL yer contracts hold—and that gap turns every future rebalance into a standing bounty. Reserve’s May forum record shows OPEN adopted a 2-day delay, 5-day vote, and 3-day execution delay while leaving quorum at 10%; more warning helps only if someone aboard can halt execution. During that 3-day timelock, which address or contract can cancel a passed basket, non-basket, or vlDAO proposal, and exactly what powers does it hold? 🦑