BIP#61: Funding for BendDAO V2 Audit

Discord Idea: https://discord.com/channels/897709643948761148/1255055535875559484

This proposal seeks approval for a budget to cover the costs associated with the security audit of BendDAO V2. Ensuring the security and integrity of our protocol is paramount, and a thorough audit by a reputable firm, Code4rena, will help identify and mitigate any potential vulnerabilities.

Motivations

BendDAO V2 is a newly developed protocol with complex functionalities and innovative feature designs, such as NFT staking and customized pools. As BendDAO prepares to launch V2, it is crucial to undergo a comprehensive audit to ensure the robustness and security of the new version.

Proposed Budget

The estimated cost for the audit is $80,000. This budget covers:

• Audit fees for Code4rena https://twitter.com/code4rena

The current bug bounty on Immunefi will also include the V2 features.

Voting

Voting Quorum: Approximately 45M veBEND (10% of the total supply)

Pass Rate: Over 70% approval

The voting will last for 7 days.