[GIP-270] Budget for security audits
AI summary
This proposal requests 100,000 USDC from the Gearbox DAO treasury to fund security audits for new 'adapters,' which are integrations that allow the protocol to interact with other decentralized finance (DeFi) applications. The funds will be used for a series of smaller audits as new integrations are developed. The Smart Contracts Initiative team will select the auditors, likely those they have previously worked with, and will announce the specific auditor, scope, and budget for each audit in advance.
If passed, this proposal will allocate 100,000 USDC from the DAO's treasury to enhance the security of new protocol integrations, benefiting all users by reducing potential risks. The Smart Contracts Initiative team gains discretion over auditor selection and specific audit budgets within the overall allocation.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
7 votes > 5% VPFull proposal
Summary
This proposal is to request funds from the DAO in the amount of 100,000 USDC to pay for an audit of the new adapters. This is an ongoing budget that is planned to be spent as needed. Gearbox has always prioritized security. Auditing smart contracts is very important to secure user funds as well as build trust with users, so allocating a budget for auditing new adapters seems reasonable.
Selecting an auditor and scope
This budget is for a series of small audits that will audit the new integrations that are planned to be used. The choice of auditor is left to the developers (Smart…