Background

Starting on Dec 21st, 2021, OpenZeppelin was selected to offer the Compound DAO security services including continuous audit, security advisory, and monitoring.

OpenZeppelin has finished auditing the Compound Deployed Contracts and finalized the CToken Refactor audit (details here). On the Security Advisory services, OpenZeppelin has been focusing on improving the security of the Proposal Process and Asset Listings. Finally, on Security Monitoring, OpenZeppelin is aiming to release an initial solution by the end of March.

Replacing Existing Contributor Grant with Sablier Stream

As outlined in the original proposal, at the start of every quarter OpenZeppelin will create a proposal to update the service fee payment in accordance with the formula outlined in the proposal.

As it is the beginning of a new quarter, OpenZeppelin is updating its streaming grant and replacing its existing COMP stream with a Sablier stream. This governance proposal sets the OpenZeppelin ContributorCompSpeed to zero and sets up a Sablier stream to OpenZeppelin instead.

More detail in this forum post