[GIP-168] Crystal Security Onboarding
AI summary
This proposal asks the Gearbox DAO to approve a partnership with Crystal Blockchain B.V. for enhanced security and regulatory compliance. The service will provide wallet checks and transaction monitoring for users of the Gearbox Protocol. The initial cost for this service is $30,000 for 100,000 checks per year, with potential additional costs if more checks are needed. The Gearbox Foundation will manage the agreement and disburse funds.
If passed, the Gearbox Protocol will implement new security measures, potentially increasing user trust and regulatory compliance. The DAO's treasury will allocate $30,000 initially, with a possibility of up to an additional $75,000 per year, to the Gearbox Foundation to pay for these services. This benefits the protocol by strengthening its security posture, but incurs a recurring cost for the DAO.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Authorising the Gearbox Foundation to enter into an agreement with Crystal Blockchain B.V. and/or associated entities.
Motivation:
With the growth of Gearbox Protocol and the increase in the number of users, along with recent trends in cryptocurrency industry regulation, it is advisable to implement additional wallet checks for users of Gearbox Protocol. The services may include, among other things, wallet checks, transaction monitoring, etc.
A reputable solution on the market is Crystal's solution (https://crystalintelligence.com).
The cost of this service under the agreement is $30,0…