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