Protecting the Compound Community from Online Threats w/ ChainPatrol

Background:

ChainPatrol is a Real-Time Security Platform that aims to detect, block and manage takedowns of active malicious threats targeting Compound Protocol, keeping the community and organization safe from bad actors.

Website - https://chainpatrol.io/ Introduction to ChainPatrol - https://chainpatrol.notion.site/Introduction-to-ChainPatrol-8166ad5f4c634129a2350e229001878b

Related Forum Post - https://www.comp.xyz/t/alphagrowth-enhancing-security-and-trust-with-chainpatrol/5427

Service Description:

Service Cost: ($3K USD/mo starting with a 1 month paid trial, with the goal to continue into a 1-Year Contract after a successful trial). We will be paid directly by AlphaGrowth from their Growth Program Budget.

As Compound continues to grow and scale, bad actors have an increasing incentive to target the community, organization, and staff members. Online threats vary in nature across each platform and ChainPatrol specializes in detecting, blocking, and taking down these active threats (impersonations, phishing links, wallet drainers).

Our takedown service covers domains, social platforms, and app stores, with social takedowns spanning across X.com, Discord, Telegram, Reddit, Instagram, YouTube, LinkedIn, TikTok, Facebook, and decentralized social platforms. Additionally, ChainPatrol Reporting Bots (for Discord and Slack) facilitate easy reporting from your team and community. By partnering with ChainPatrol, Compound can ensure a secure, trusted environment for its users and stakeholders.

We have proven success with leading projects such as Arbitrum, zkSync, The Graph, Starknet, CoW Swap, Consensys,underscoring our capability to prevent the loss of community funds swiftly and effectively. ChainPatrol can block malicious domains in as little as 15 minutes across 20 leading crypto wallets, including Metamask, Coinbase Wallet, and Phantom.

Action Items/Next Steps:

Our aim for this snapshot vote is to get the support of the Compound Community to become a valued security partner that works closely with Compound to protect its community, users, and builders through all of the key roadmap events, mitigating the impact of these potential threats on community members.

In addition, voting “Yes” to this proposal, will also serve as permission from the Compound Community for ChainPatrol to act on the DAO’s behalf for the purpose of initiating takedowns of malicious content across all socials (see Addendums below. These are presented to the platforms we petition with takedown requests to prove we are authorized by the community to work on its behalf.)

Addendum 1 → Power of Attorney

Addendum 2 → X.com Letter of Authorization

Additional steps in the onboarding process will include:

1. Gathering Trademarks Details

2. Add all brand assets and URLs to the dashboard

3. Add Social Profiles of key Compound Protocol Staff Members

4. Add Discord or Slack Reporting Bot for the Community.

5. Staff and community members will be able to both check and report suspected malicious assets, using the /check and /report commands

ChainPatrol looks forward to being a trusted security partner of Compound and its community!

Thank you all for your consideration!