[Compound] OpenZeppelin's Q2 2024 Security Updates and $4M Renewal Proposal 🧵 1/6

We uncover what is happening across web3 👀

3/ - Successful implementation of a new vendor payment process via Proposal 249, enabling yearly renewals with USDC. - Ongoing security advisory and risk management, managing the Security Domain in the CGP program until May 30, 2024.

4/ - Focus on security monitoring and new market feeds, collaborating with robinnagpal of DoDAO on Proposal Safety Check. - Upcoming proposal for a $4M USDC payment to fund security partnership until Q2 2025.

5/ Community reactions are supportive, with @cylon, @robinnagpal, and @sharp praising OpenZeppelin's efforts and expertise. Stay informed and engaged with the Compound Discord Monitoring Feeds.

👉 Learn more at https://app.x23.ai/compound/discussions/topic/5343/openzeppelin-security-updates-for-q2-2024-yearly-renewal-compensation-proposal

2/ OpenZeppelin's Q2 2024 security updates highlight significant progress and future plans. Key points include:

- Completed 8 audits and reviews, with 6 more in the backlog. Notable audits: Optimism USDC Comet Migration and Mainnet USDT Comet Contracts.