Funding of Bug Bounty

Voting ended almost 4 years agoSucceeded

Background

Bend DAO has attracted 40K ETH TVL in 36 days. There are 350 bluechip NFTs collateralized in Bend. The NFT-backed loan volume keeps growing which is 7,500 ETH now.

Motivation

In addition to audit reports, Bug Bounty might be the best way to incentivize white hats to regularly search for bugs and potential vulnerabilities. To provide users an additional level of security, Bend DAO has launched a Bug Bounty Program on Immunefi.

Proposal

To allocate $1,500,000 worth of BEND tokens based on the IFO price from the Treasury Reserve for the Bug Bounty Program.

Specification

All BEND stakers are members of Bend DAO. Pass Rate: Over 50% Agree The voting will last for 2 days.

Airdrop & Staking

Claim your BEND: https://benddao.xyz Join IFO to get BEND: https://www.benddao.xyz/app/fair-launch Stake BEND for the voting power: https://benddao.xyz/app/dashboard/vebend-locking

Off-Chain Vote

For

18.12M veBEND94.3%

Against

370.73K veBEND1.9%

Abstain

725.68K veBEND3.8%

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Timeline

Apr 25, 2022Proposal created

Apr 25, 2022Proposal vote started

Apr 27, 2022Proposal vote ended

Oct 26, 2023Proposal updated