OpenZeppelin Security Partnership - 2024 Q2 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 volume-weighted average price, this would be $73.20 per COMP for a total quarterly payment of 13,661 COMP equaling $1M per the original agreement. This COMP will be transferred from the Comptroller using _grantComp.
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 that were updated as of Sep 19th, 2023.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 Wintermute Governance | 54,104 | FOR |
 0x683a...D26C02 | 50,066 | FOR |
 FranklinDAO (Prev. Penn Blockchain) | 50,000 | FOR |
 0x13BD...138548 | 50,000 | FOR |
 0x7B3c...4Ecc33 | 50,000 | FOR |
VOTE POWER
Proposal Status
- Sun March 24 2024, 12:11 pmVoting Period Starts
- Wed March 27 2024, 06:54 amEnd Voting Period
- Queue Proposal
- Execute Proposal
Current Results
1-FOR
361,685.84
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens