Compound Claim Bug Stats

    Compound's Comptroller Smart Contract suffered a claim bug after Proposal 062 went live, causing some users to be able to withdraw a lot more COMP tokens than intended. This dashboard summarizes the event.

    Aggregated Data

    Here we see that the total COMP token claimed per day increased by a whopping 14189% when compared to 2 days ago after the bug went live, where a total of 93M USD worth of COMP tokens were siphoned out of the smart contract in just 2 days.

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    However, we see that the median COMP token claimed actually went down. The explanation is that the many users tried their luck at getting insane amounts of COMP (not all of them can get it) after the news of the bug spread out, which in turn causes the number of claim transactions to increase.

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    So, we are going to use the average claimed COMP tokens instead to get a better view of what is happening. Based on this, we can see that the average COMP tokens claimed per day shot up significantly after the bug, where the average person claimed around $180k worth of tokens.

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    So how much tokens are claimed based on ROI? As we know, a lot of the people who claimed COMPs aren't actually getting the bugged amount, but still the news enticed them to claim their COMPs even if the ROI isn't great. This can be seen where a lot of the COMPs that are claimed fall under 1% in terms of ROI.

    Conclusion

    A DAO, although promotes decentralization and gives power to the community, has its downsides as well, where a proposal may not be scrutinized as much as an update by a centralized entity. Therefore, future proposals that change how a smart contract works should be audited before it's made public to prevent similar bugs from happening in the future.