OpenZeppelin Security Partnership - 2023 Q4 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 creates a proposal to perform the next service fee payment.
Compensation Structure
We receive our quarterly payments in a lump-sum of COMP. Based on the last week’s average price, this would be $39.76 per COMP for a total quarterly payment of 25,148 COMP equaling $1M per the original agreement. This COMP will be transferred from the Comptroller using _grantComp. More details 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 that were updated as of Sep 19th, 2023.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xea6C...c13BF7 | 330,950 | FOR |
 0x9AA8...62cCF1 | 256,017 | FOR |
 0x8d07...e6A265 | 70,003 | FOR |
 0xB49f...EC7948 | 50,004 | FOR |
 FranklinDAO (Prev. Penn Blockchain) | 50,000 | FOR |
VOTE POWER
Proposal Status
- Sun September 24 2023, 04:14 pmVoting Period Starts
- Wed September 27 2023, 10:25 amEnd Voting Period
- Wed September 27 2023, 10:28 amQueue Proposal
- Fri September 29 2023, 10:31 amExecute Proposal
Current Results
1-FOR
865,101.8
2-AGAINST
0.051