BFBP-C-14: Fund Code4rena Audit for Stable Well Function

Proposer

Guy

Summary

Fund a Code4rena audit and mitigation review of a Stable 2 Well Function and an Upgradable Well Implementation. Use 49,500 Beans from the Security Fund to pay for the audit.

Auditor

Code4rena facilitates community driven contests for smart contract audits. Code4rena has a high quality reputation and no Code4rena audited code has lost any user funds in 3 years of audit contests.

Decentralized security programs with aligned incentives for auditors have proven to have high efficacy in protecting code in the Beanstalk ecosystem (see Immunefi). The Stable 2 Well Function and Upgradable Well Implementation are yet to be unaudited.

Payment

The audit contest is planned to start on Monday, July 29th. The award pool for the audit will be $37,500, with a total payment of 49,500 Beans to cover the award pool, the Code4rena fee and mitigation review.