OpenZeppelin Security Partnership - 2023 Q1 Compensation
Background
Starting on Dec 21st, 2021, OpenZeppelin was selected to offer the Compound DAO security services including continuous audit, security advisory, and monitoring. At the start of every quarter OpenZeppelin will create a proposal to renew the partnership and perform the next service fee payment.
Compensation Structure
Going forward, we will receive our quarterly payments in a lump-sum. Based on the last week’s average price, this would be $38.20 per COMP for a total quarterly payment of 26,179 COMP equaling $1M per the original agreement. This COMP will be transferred from the Timelock’s existing balance.
More detail in this forum post
By approving this proposal, you agree that any services provided by OpenZeppelin shall be governed by the Terms of Service available here
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xea6C...c13BF7 | 306,103 | FOR |
 0x9AA8...62cCF1 | 256,016 | FOR |
 0x683a...D26C02 | 126,106 | FOR |
 Robert Leshner | 70,073 | FOR |
 0x8d07...e6A265 | 70,005 | FOR |
VOTE POWER
Proposal Status
- Published Onchain
0xeC40...b9ec1E - Mon December 12 2022, 11:48 amVoting Period Starts
- Thu December 15 2022, 05:55 amEnd Voting Period
- Thu December 15 2022, 05:55 amQueue Proposal
- Sat December 17 2022, 05:56 amExecute Proposal
Current Results
1-FOR
1.183M
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens