The lending protocol suffered an attack that disrupted the distribution of COMP tokens after another patch in late September.
Compound Finance, a major player in the decentralized finance (DeFi) ecosystem, announced that the fix for a bug that caused users to accidentally receive millions of dollars worth of COMP tokens will be executed on Saturday, October 9.
This announcement follows a remediation proposal that was swiftly approved in a vote on October 7. According to the Compound Labs team, the community committed a total of 1,037,107 COMP tokens in favor of proposal 64, an upgrade designed to implement the bug fix.
The unanimous vote clears the way for Compound Labs to proceed to the next step, and most users can expect token distributions to return to a “normal” pattern once the fix is applied.
“For the majority of users, COMP distributions will return to normal after execution,” the lending protocol tweeted.
However, users affected by the bug associated with proposal 62 “will not be able to claim COMP until a future patch,” the platform added, referring to the flawed distribution event that affected the protocol on September 30.
While proposal 63 attempted to stop the erroneous token allocation, delays in implementing the fix allowed millions of dollars worth of COMP to leave the protocol’s pool.
Many recipients of the unexpected tokens returned them to the Compound contract.
On the market, COMP’s price has recovered after hitting a low of $293 last week and is currently trading around $329. The project—ranked 73rd by market metrics—has risen 5.1% over the past 24 hours as buyers seek further gains.
With Bitcoin trading above $55,000 and the broader market potential leaning higher, COMP could extend its rally toward September highs near $370.