OpenZeppelin Security Partnership Renewal 2025

Although we’re in agreement with @cylon and @Compound_Foundation that extending the contract for 60 days is the pragmatic choice, we’re still voting AGAINST to signal our displeasure at OpenZepplin’s extractive relationship with Compound. (We still fully expect the vote to pass.)

Given that OZ has been overcharging Compound since December 2021, it would salvage substantial goodwill if they offered their full support to the handoff at a free or reduced rate, to @bryancolligan’s point. If OZ was acting in good faith they should have made a proposal to renew a few months before the expiration of their contract, rather than waiting until the very last minute so the DAO would have no other choice but to renew for the handoff.

As it currently stands, FranklinDAO plans to vote against any future service contracts proposed by OpenZepplin on Compound or any other DAO we serve as a delegate for.

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