Compound

Background

WOOF! team offers to build Compound Sandbox - a Compound v3-based permissionless money-market platform, an extension of Compound Finance.

The scope of work is detailed in the forum post.

WOOF! team will start the development on January 1. WOOF! team will develop and deploy a testnet within 24 weeks. Production deployment date will vary on community feedback and audit timeline.

This proposal initiates a $600K payment in USDC: 50% will be available to WOOF! immediately, while the remaining 50% will be streamed over six months starting at the date of proposal execution.

Compensation Structure

With the adoption of Proposal 249, there is now a standard payment process for all Compound DAO service vendors utilizing payment streams in USDC.

The first proposal action calls withdrawTo on a cUSDCv3, via the Compound Aera vault’s execute function. The withdrawTo transfers upfront 300K USDC to WOOF.

The second proposal action calls createStream on a Llama Pay Router, via the Compound Aera vault’s execute function. The stream will pay out on a per-second basis over 6 months. $300K USDC over 15552000 seconds gives a rate of 0.0192901235 USDC/sec.

WOOF! will be able to withdraw the vested funds at any time.

By approving this proposal, you agree that any services provided by WOOF! shall be governed by the Terms of Service that were updated as of November 29, 2024.