[1IP-104] Adopt The SEAL Safe Harbor Agreement
AI summary
This proposal asks the 1inch DAO to adopt the Security Alliance (SEAL) Whitehat Safe Harbor Agreement. This agreement allows ethical hackers, known as 'whitehats,' to intervene during active exploits of the 1inch protocol to rescue funds without fear of legal repercussions. It provides clear guidelines for whitehat actions, requires them to return all rescued funds within 72 hours, and offers a bounty for successful interventions.
If passed, 1inch's on-chain assets will be better protected during active exploits, as whitehats will be incentivized and legally protected to act quickly. This benefits all 1inch users and token holders by reducing the risk of fund loss. Whitehats who successfully rescue funds will receive a percentage of the recovered assets as a reward.
Voting results
🐳 Whale votes
1 vote > 5% VPFull proposal
Adopt The SEAL Safe Harbor Agreement
Authors: Orest (1inch), Ilya (1inch), Dickson (SEAL)
Introduction
This proposal outlines 1inch’s adoption of the SEAL (Security Alliance) Whitehat Safe Harbor Agreement (“Safe Harbor Agreement”). By adopting the Safe Harbor Agreement, 1inch improves the security of its on-chain assets by allowing whitehats to intervene during active exploits to save protocol funds.
What is the Safe Harbor Agreement?
The Safe Harbor Agreement addresses a critical need in crypto: enabling whitehats to int…