OpenZeppelin Security Partnership - 2024 Q2 Compensation
01Summary
OpenZeppelin compensation proposal for Q2 2024 security services: 13,661 COMP ($1M USD) to be transferred from the Comptroller to OpenZeppelin for continued security audit, advisory, and monitoring services.
- Type
- treasury allocation
- Funding
- $$1,000,000
Key changes
- Transfer 13,661 COMP ($1M USD at $73.20 per COMP) from Comptroller to OpenZeppelin (0x57C970568668087c05352456a3F59B58B0330066) for Q2 2024 security services(high)
Notable concerns
- Services governed by OpenZeppelin Terms of Service updated September 19th, 2023
Generated by Kvorum
02Description
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 $73.20 per COMP for a total quarterly payment of 13,661 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.
03Mismatch analysis
The proposal describes a single action: a quarterly COMP grant of 13,661 COMP to OpenZeppelin via the Comptroller's _grantComp function. The decoded calldata contains exactly one action calling _grantComp(address,uint256) with the amount 13661000000000000000000, which equals 13,661 COMP when adjusted for 18 decimals — matching the prose exactly. The target address in the calldata (0x3d9819210a31b4961b30ef54be2aed79b9c9cd3b) is presumably the Comptroller proxy, consistent with the description's claim that funds come 'from the Comptroller.' The recipient address (0x57C97...) is not named in the description, but this is standard practice for compensation proposals identifying the OpenZeppelin payment wallet, and there's no indication in the prose of a different recipient that would create a target mismatch. No numerical, target, or action-count discrepancies were found. The description accurately and completely reflects the single on-chain action being proposed.
Generated by Kvorum
04Actions
- Target
- 0x3d98…cd3b
- Value
- 0 wei
- Function
- _grantComp(address,uint256)
- Arguments
{ "0": "0x57C970568668087c05352456a3F59B58B0330066", "1": "13661000000000000000000" }- Calldata
05Tally
Summed from votes
06Voters
| Voter | Choice | % of total | Rationale | ||
|---|---|---|---|---|---|
| B90xb933…8dd1 | For | 54.1K | 0.00% | — | 3y ago |
| 680x683a…6c02 | For | 50.1K | 0.00% | — | 3y ago |
| 070x0703…961b | For | 50K | 0.00% | — | 3y ago |
| 130x13bd…8548 | For | 50K | 0.00% | — | 3y ago |
| 7B0x7b3c…cc33 | For | 50K | 0.00% | — | 3y ago |
| TEtennisbowling.eth0xc3aa…f546 | For | 47.5K | 0.00% | — | 3y ago |
| 2B0x2b38…bf33 | For | 32.5K | 0.00% | — | 3y ago |
| 3F0x3fb1…4c8a | For | 25.6K | 0.00% | — | 3y ago |
| B30xb356…c826 | For | 1.5K | 0.00% | — | 3y ago |
| 660x66cd…65f9 | For | 418.9 | 0.00% | — | 3y ago |
| 270x2748…ac26 | For | 1 | 0.00% | — | 3y ago |
| BC0xbc05…d887 | For | 0.1 | 0.00% | — | 3y ago |
| A70xa766…6c3f | For | 0 | 0.00% | — | 3y ago |
07Forum
No forum thread is confidently linked to this proposal.
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