Immediately mint 125 YFI (~$500k) to be allocated directly for smart contract audits.
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.
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.
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.