Ve Governance Model Aids Curve in Withstanding Potential Governance Attacks
Publication Time:2024-07-29 17:01:07
In response to concerns over "potential governance attacks on Compound", Michael Egorov, the founder of Curve, shared his insights on its platform X. He emphasized the unique advantages of the ve economic model that Curve employs. This model is specifically designed to circumvent such security threats, making it relatively difficult for attackers to successfully target Curve. To carry out a successful governance attack, an attacker would need to lock in at least four years worth of tokens, with a substantial amount of 200 million CRV in statutory tokens. Moreover, Curve's governance system is actively functioning, promptly identifying and addressing malicious proposals, ensuring the system's safety and stability. Consequently, the governance system based on the ve economic model is more robust and secure compared to traditional models where token ownership equates to voting power.
Curve
Compound
Governance Attack
Ve Governance Model