OpenZeppelin Security Partnership - 2023 Q4 Compensation
01Summary
Proposal to pay OpenZeppelin 25,148 COMP (~$1M USD) for Q4 2023 security services including continuous audit, security advisory, and monitoring. COMP will be transferred from the Comptroller to OpenZeppelin's address.
- Type
- treasury allocation
- Funding
- $1000000
Key changes
- Transfer 25,148 COMP to OpenZeppelin (0x57C970568668087c05352456a3F59B58B0330066) for Q4 2023 security services(high)
Generated by Kvorum
02Description
OpenZeppelin Security Partnership - 2023 Q4 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 average price, this would be $39.76 per COMP for a total quarterly payment of 25,148 COMP equaling $1M per the original agreement. This COMP will be transferred from the Comptroller using _grantComp. More details 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.
03Mismatch analysis
The proposal describes a single action: a quarterly COMP grant of 25,148 COMP to OpenZeppelin via the Comptroller's _grantComp function. The decoded calldata shows exactly one action calling _grantComp with an amount of 25,148.145315537 COMP (25148145315537000000000 wei with 18 decimals), which rounds to the 25,148 COMP figure stated in the description. The target contract address matches the Comptroller mechanism described, and the recipient address is a single external address consistent with a payment to OpenZeppelin. There are no additional actions, no value mismatches after unit conversion, and no unexplained transfers, role grants, or upgrades. The description accurately and completely reflects the sole on-chain action.
Generated by Kvorum
04Actions
- Target
- 0x3d98…cd3b
- Value
- 0 wei
- Function
- _grantComp(address,uint256)
- Arguments
{ "0": "0x57C970568668087c05352456a3F59B58B0330066", "1": "25148145315537000000000" }- Calldata
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
- OpenZeppelin Security Updates for Q3 2023 & Q4 Compensation Proposal ↗discourse · high confidence
Arguments for
- OpenZeppelin has delivered substantial security work including four completed audits, a security assessment, and a security simulation that identified process improvements for incident response.— cylon, PorterSmith
- The partnership has expanded security monitoring to new Comet deployments on Base and Arbitrum and plans further L2 monitoring improvements in Q4.— cylon
- OpenZeppelin joined the Pause Guardian Multisig as an additional signer, strengthening the protocol's emergency incident response capabilities.— cylon
- The security simulation successfully identified vulnerabilities and tested the team's ability to coordinate a real-time response to on-chain attacks.— cylon
Arguments against
None surfaced.
Notable participants
- cylonOpenZeppelin representative who authored the partnership update and compensation proposal announcement.
- PorterSmitha16z investor who publicly voted in favor of the proposal and expressed support for the partnership continuation.
Generated by Kvorum
08Similar proposals
- compounddefeatedOpenZeppelin Security Partnership - 2024 Q2 Compensation99%
- compoundexecutedOpenZeppelin Security Partnership - 2024 Q2 Compensation99%
- compoundexecutedOpenZeppelin Security Partnership - 2024 Q1 Compensation99%
- compoundcanceled"# OpenZeppelin Security Partnership - 2023 Q4 Compensation ## Background Starting on Dec 21st, 2021, OpenZeppelin was [selected](https://compound.finance/governance/proposals/76) to offer the Compo…98%
- compoundexecutedOpenZeppelin Security Partnership - 2023 Q3 Compensation97%
- compoundexecutedOpenZeppelin Security Partnership - 2023 Q2 Compensation97%
- compoundexecutedOpenZeppelin Security Partnership - 2023 Q1 Compensation96%
- compoundexecutedOpenZeppelin Security Partnership - 2022 Q4 Adjustment93%
- compoundexecutedOpenZeppelin Security Partnership - 2022 Q3 Adjustment91%
- compoundexecutedComet Vulnerability Disclosure (Patched) - Bug Bounty Program Reward70%