Summary

This proposal requests reimbursement of 8.22432076786129 ETH to the Bunni Engineering Unit (BEU) for the upfront payment made for the second audit conducted by Cyfrin, covering enhancements to the Bunni protocol. The audit, spanning 5 engineer days starting June 2, 2025, reviewed the use of Bunni liquidity for rebalancing, removal of the referral system, and addition of a curator fee system.

Background

The BEU funded the Cyfrin audit to ensure the security and reliability of the updated Bunni protocol features:

• Bunni Liquidity for Rebalance: Enables efficient liquidity management.
• Referral System Removal: Simplifies operations and reduces complexity.
• Curator Fee System: Allows pool deployers to charge a fee on swap fees, enhancing incentives. The payment was made via transaction: Etherscan.

Proposal

Reimburse the BEU for the Cyfrin audit cost:

• Audit Cost: 8.22 ETH.
• Funding Source: Timeless DAO Safe treasury.
• Payment Method: ETH to BEU’s operational wallet.

Implementation

Upon approval:

• Transfer 8.22432076786129 ETH from the Timeless DAO Safe treasury to the BEU’s operational wallet.
• BEU will confirm receipt and provide a summary of audit findings to the DAO.

Budget

• Total Reimbursement: 8.22 ETH
• Funding Source: Timeless DAO Safe treasury.

Next Steps

• Community Feedback: Collect input from DAO members for 4 days starting June 12, 2025.
• Snapshot Vote: Initiate a 3-day vote on Snapshot starting June 16, 2025, 1pm UTC.
• Execution: If approved, process the reimbursement by June 20, 2025.

Conclusion

Reimbursing the BEU with 8.22 ETH for the Cyfrin audit ensures continued trust in the Bunni protocol’s security and supports the engineering unit’s proactive efforts. This proposal aligns with the DAO’s commitment to robust security and financial accountability.