BIP#68-1: Audit Budget Proposal for Incremental Audit of BendDAO V2

This proposal seeks community approval for a budget allocation of $28,750 to perform an incremental audit of BendDAO V2. This audit fee is related to the modification of some Yield Markets smart contract. The audit will focus on ensuring the security and reliability of the protocol's modular lending pools, enhancing user confidence and safeguarding assets within the ecosystem.

Proposed Audit Budget

The estimated cost for the audit is $28,750. This budget covers: Audit fees for Code4rena

The current bug bounty will also include the V2 features. https://immunefi.com/bug-bounty/benddao/

About the development budget in BIP#65 This development budget covers:

• Staff Salaries. E.g. Smart contracts, Front-end and Back-end development.
• Protocols Operation Cost for V1 & V2. E.g. NFT Oracle gas cost.
• Marketing Activities.

https://snapshot.box/#/s:benddao.eth/proposal/0x5e283443d4b22296543cbd13fe61e27ab482ebc7804da849fa50770c45c47cd9

Voting

Voting Quorum: Approximately 53.8M veBEND (10% of the total supply). Pass Rate: Over 70% approval. The voting will last for 3 days.