PGP-38 l Cooper Labs Service Providing Phase IV - Amendment

Summary: This proposal aims to amend PGP-35, a proposal to renew the service provision contract with Cooper Labs.

Rationale: In October 2025 we proposed to renew our service providing for a 12-months period starting November 1st 2025 under these financial terms:

• 396,000 USD & 1,500,000 PRL for a 12-month period
• Payment made in 12 installments, with one payment at the end of each month, i.e. 33,000 USD & 125,000 PRL per month.
• Cooper Labs agrees not to sell any PRL received for a period of 12 months after receipt

Since the beginning of our service providing, we have been charging the DAO less than our operating costs, with a net loss of approximately $850 per month for the year 2025 (i.e., $10,000). These losses have so far been offset by capital injections from the company's shareholders. Due to the current market situation and a significant increase in infrastructure costs (Goldsky, Google, Vercel, Octav, etc.) over the past few weeks, the situation is no longer sustainable. In addition, our growth needs require the recruitment of a junior backend engineer.

We are therefore requesting an increase of the budget from 33,000 USD to 41,000 USD per month, starting February 1st 2026, representing an annual increase from 396,000 USD to 492,000 USD. The amount of PRL paid per month will remain at 125,000 tokens, or 1,500,000 per year.

Note: The protocol will remain profitable despite this increase in costs.

Our current and future work, as described in PGP-35, remains unchanged, as does our commitment to transparency. In addition, the roadmap for 2026 was published a few days ago.

Means:

• Human Resources: Multisigners will need to sign and execute transactions to execute the proposal.
• Treasury Resources: No treasury resources needed.

Technical implementation:

• On chains where the DAO Treasury is deployed:
  • Starting February 1st 2026, the DAO Multisig will transfer $41,000 worth of USDp and/or USDC & 125,000 PRL at the end of each month until November 1st 2025.

Voting options:

• For the Amendment
• Against / Rework the Proposal
• Abstain

Author(s): Cooper Labs