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 $75.09 per COMP for a total quarterly payment of 13,318 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 |
|---|---|---|
 0x8d07...e6A265 | 70,005 | FOR |
 0x54A3...61E189 | 57,593 | FOR |
 Wintermute Governance | 54,104 | FOR |
 0x683a...D26C02 | 50,066 | FOR |
 0x7AE1...22E585 | 50,007 | FOR |
VOTE POWER
Proposal Status
- Mon April 08 2024, 11:17 pmVoting Period Starts
- Thu April 11 2024, 05:30 pmEnd Voting Period
- Thu April 11 2024, 05:32 pmQueue Proposal
- Sat April 13 2024, 05:33 pmExecute Proposal
Current Results
1-FOR
561,660.4
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens