Summary:
Immediately mint 125 YFI (~$500k) to be allocated directly for smart contract audits.
Abstract:
This proposal would immediately mint 125 YFI that would be directed to the multi-sig, liquidated for stablecoins, and designated to be used solely for smart contract audits.
Motivation:
Yearn smart contracts are being deployed very rapidly and are holding or will hold large amounts of capital. A single vulnerability could have long-lasting and very negative consequences to the yearn ecosystem and its trust within the market.
Specification:
Smart contract audits cost roughly $20k, and Andre is deploying roughly 2-4 smart contracts to production weekly. An immediate budget to fund audits for critical smart contracts is vital to mitigate the risk of vulnerabilities being exploited in live contracts.
A larger more robust budget can be determined at a later date when inflation is finalized.
For: Mint 125 YFI and liquidate for ~$500k in stablecoins to pay for smart contract audits.
Against: Do not mint 125 YFI.
Poll:
- FOR
- AGAINST
0 voters