Approval of Compound x Woof Year 3 Renewal and TMC-Funded Disbursement

Summary

The Compound Foundation ("Foundation") and Compound Governance Working Group ("CGWG") are submitting this Snapshot to seek community approval for the renewal of the Compound x Woof partnership described in Woof's forum proposal, "Compound x Woof - Year 3 Partnership".

Woof's renewal contemplates a one-year engagement from May 26, 2026 to May 26, 2027, for a total fee of $2,000,000, streamed over the engagement period and subject to the accountability, KPI review, cure, and cancellation mechanics described in the forum proposal.

This Snapshot asks the Compound community to approve the renewal on terms materially consistent with the forum proposal, authorize CGWG to coordinate with the Foundation and relevant stakeholders to finalize the arrangements, and approve disbursement from funds administered under the Treasury Management Committee ("TMC") framework rather than through a separate onchain treasury proposal.

Background

Woof has served as a core technical contributor to Compound V3 and related ecosystem infrastructure. Its current and proposed mandate includes protocol development, V3 interface and API reliability, protocol maintenance, risk-management support, integration infrastructure, governance and transparency tooling, and V4 kickoff support.

During the prior engagement period, Woof supported or delivered market and collateral proposals, CAPO deployment, SVR/OEV integration, Compound Streamer, financial dashboards, UI bug fixes, integration tooling, and other Foundation- and DAO-requested initiatives.

The Year 3 renewal is intended to preserve continuity across these workstreams while Compound advances its broader protocol roadmap and operational infrastructure plans.

Strategic Rationale

Compound is entering an important execution phase. V3 remains the active production protocol supporting users, integrators, revenue, and collateral markets, while the DAO and Foundation continue to advance longer-term protocol development initiatives.

In parallel, the ecosystem is coordinating near-term continuity planning for user-facing protocol interfaces and related infrastructure. This work is operationally important and time-sensitive, requiring experienced contributors with existing context across Compound's protocol architecture, production infrastructure, integrations, governance workflows, and user-facing systems. It cannot be paused or deferred. A coverage gap of even a few weeks would create execution risk for the protocol, its integrators, and its users.

The Foundation believes Woof is well-positioned to support this transition and continue advancing Compound V3. Renewing the engagement promptly is expected to reduce execution risk, preserve institutional knowledge, and support uninterrupted progress across protocol, interface, infrastructure, and integration workstreams.

Scope of Renewal

This Snapshot incorporates the scope described in Woof's forum post and asks the community to approve the renewal on terms materially consistent with that proposal.

Key workstreams include: revenue expansion initiatives (including user-facing revenue features); continued V3 evolution and competitiveness improvements; maintenance and reliability of the V3 interface, backend API, and supporting infrastructure; protocol maintenance, operational support, and risk-management coordination; integration and distribution infrastructure (API, SDK, documentation); governance, transparency, and treasury-management tooling; and V4 kickoff support, including knowledge transfer and technical collaboration with the Foundation and incoming contributors.

The engagement will remain subject to the KPI framework, reporting obligations, review process, and remedy mechanics described in Woof's forum proposal.

Funding and Process

In the ordinary course, a renewal of this nature would proceed through a full onchain governance proposal with funding drawn directly from DAO treasury assets.

For this renewal, CGWG and the Foundation are proposing a narrower and more time-sensitive process: community approval by Snapshot, followed by disbursement from funds administered under the TMC framework.

This is appropriate here because the renewal supports operational continuity for protocol-facing infrastructure; the work is time-sensitive and benefits from avoiding contributor coverage gaps; Woof's proposal has already been publicly posted for community review; the TMC framework was recently approved to provide structured oversight over treasury operations; and the engagement includes ongoing reporting, KPI review, and cancellation/remedy mechanics that preserve accountability.

This should be understood as a targeted operational measure in response to a compressed execution timeline, not a general replacement for onchain governance approvals for material DAO expenditures.

Approval Requested

By voting "For," the community approves renewal of the Compound x Woof Year 3 engagement on terms materially consistent with Woof's forum proposal, authorizes the CGWG and Foundation, along with relevant stakeholders, to finalize documentation and operational arrangements, and authorizes the applicable $2,000,000 payment stream, or equivalent payment arrangement, to be funded from TMC-administered funds.

The renewal includes the accountability, KPI review, cure, and cancellation mechanics described in Woof's renewal proposal, together with periodic community updates regarding progress under the renewed mandate.

Voting Options

For: Approve the renewal and authorize funding from TMC-administered funds on the basis described above.

Against: Do not approve the renewal or the proposed funding route.

Abstain: Register no position on the proposal.

Note: This vote will pass if "Yes" votes reach at least 400,000 COMP and outnumber the "No" votes; else, the vote fails.