Applicant name: OpenZeppelin Governance
Specify if you’re applying as an individual or an organization: Organization (zOS Global Limited)
Link to Tally onchain voting profile: OpenZeppelin Governance Tally Profile
Applicant summary–briefly explain why you’re interested in applying for this delegate race:
OpenZeppelin’s core mission has always been to protect the open economy. To this end, OpenZeppelin has formed OpenZeppelin Governance that can act as an independent and active participant in governance, starting with the Compound DAO. By participating actively in DAO governance, the OpenZeppelin Governance team can proactively advocate for positive governance initiatives based on its 9 years of experience in the industry. OpenZeppelin understands that healthy governance also helps promote protocol security.
While OpenZeppelin Governance (zOS Global Limited) will lean on OpenZeppelin’s long-standing expertise in protocol security and community governance, it will function separately from OpenZeppelin Security (Zeppelin Group Ltd) which currently acts as Compound’s Security Partner. This will ensure that OpenZeppelin’s audits and security work, including the review of on-chain proposals, remains separate.
Note: While OpenZeppelin Governance will function as a separate entity from OpenZeppelin Security when Governance votes as a delegate, we believe that OpenZeppelin’s overall contributions to Compound are still relevant as part of our application and so we include the contributions of OpenZeppelin Security in the following sections.
Please provide the date of the first on-chain Compound vote you made: Mar 31st, 2022 on Proposal 95 from a prior OpenZeppelin account used for submitting our partnership renewal proposals.
Link your voting record for the past three months (May - July):
While OpenZeppelin Security has not been an active voter due to the conflict of interest it could present, it has been active in monitoring all governance proposals for security issues and has also performed Security Reviews on multiple proposals within the timeframe specified. At the bare minimum, we’ve consistently had a baseline proposal review including simulated execution, verified addresses, evaluated parameters, and validated descriptions but only reported issues in the forum when they arose. We have indicated each proposal where we have provided a baseline review as well as public comments or published reviews in this excel sheet.
OpenZeppelin Governance intends to be an active voter and capable of independently participating in governance going forward in the coming weeks and can make effective use of a delegation. Michael Lewellen, OpenZeppelin’s dedicated Security Advisor to Compound, has also recently been submitting votes from his individual profile.
Have you posted an RFC that passed the onchain voting stage before?
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Have you initiated/sponsored a passing onchain vote before?
OpenZeppelin Security has submitted 16 proposals and passed 11 proposals to renew and process payments for its security partnership with the Compound DAO based on its old and current delegate profile. In addition to this, we’ve also performed security audits and contributed to the deployment of dozens of other proposals, including the initial launch of Compound V3 and all subsequent Comet markets. See OpenZeppelin Security’s review of the Optimism USDT Migration Review in Proposal 258 as a recent example.
Have you joined a Compound Dev Call Before? If so, when? (If you joined several times, you can just note as period like “From January 2024 to July 2024”)
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Have you presented at a Compound Dev Call Before? If so, when? (If you presented several times, you can just note as period like “From January 2024 to July 2024”)
OpenZeppelin Security has regularly presented and contributed to the Compound Dev Calls since starting our partnership with the DAO in December 2021, presenting in nearly every call.