0x3fb19771…4c8asent to0xc0da0293…6529·#21,301,822·view on Etherscan
# Compound Sandbox: Development Proposal
## Background
WOOF! team offers to build Compound Sandbox - a Compound v3-based permissionless money-market platform, an extension of Compound Finance.
The scope of work is detailed in the [forum post](https://www.comp.xyz/t/compound-sandbox-development-proposal/5938).
WOOF! team will start the development on January 1. WOOF! team will develop and deploy a testnet within 24 weeks. Production deployment date will vary on community feedback and audit timeline.
This proposal initiates a $600K payment in USDC: 50% will be available to WOOF! immediately, while the remaining 50% will be streamed over six months starting at the date of proposal execution.
## Compensation Structure
With the adoption of [Proposal 249](https://compound.finance/governance/proposals/249), there is now a standard payment process for all Compound DAO service vendors utilizing payment streams in USDC.
The first proposal action calls withdrawTo on a cUSDCv3, via the Compound Aera vault’s execute function. The withdrawTo transfers upfront 300K USDC to WOOF.
The second proposal action calls createStream on a Llama Pay Router, via the Compound Aera vault's execute function. The stream will pay out on a per-second basis over 6 months. $300K USDC over 15552000 seconds gives a rate of 0.0192901235 USDC/sec.
WOOF! will be able to withdraw the vested funds at any time.
By approving this proposal, you agree that any services provided by WOOF! shall be governed by the [Terms of Service](https://docs.google.com/document/d/1hvpHj9Sk73knuRUA5-Tlp-a6Iwqv2EDGMZxnuy06tfY/edit?usp=sharing) that were updated as of November 29, 2024.