[GIP-12] Audit proposal - Consensys
AI summary
This proposal seeks approval to spend $240,000 from the Gearbox DAO treasury to pay for a code audit of the Gearbox V2 protocol by Consensys. The payment will be split into two installments: $120,000 upfront and another $120,000 upon completion of the audit. This audit is intended to review final changes to the V2 credit management system, which has been completely rebuilt.
If approved, the DAO will spend $240,000 from its treasury to enhance the security of the Gearbox V2 protocol. This benefits all users and stakeholders by reducing potential risks associated with smart contract vulnerabilities. The multisig will be authorized to make both payments without further voting.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
This proposal aims to request spending from the DAO financial multisig in size of 240,000 USD, in order to pay for a code audit from Consensys. Based on Consensys' terms, 50% (120,000 USD) is paid upfront and 50% later. The audit has already been scheduled, and will begin in a few days.
Preface
The largest article of spending of the Gearbox Protocol & the DAO has always been, and will continue to be, security. We ran our first preliminary audit back during version v0.1, then another one with the full release of V1 and DAO launch in December 2021, and several more in 2022. See [here](https…