Summary 📑

Approve the allocation of 29,900 USDC for the audit of Spool’s Arbitrum launch code conducted by Hexens, covering approximately 1000 lines of code and four strategies.

Motivation 🔥

The integrity and security of our code are paramount, especially as we venture into new blockchain ecosystems like Arbitrum. This audit by Hexens is a proactive step to safeguard our platform, instill user confidence, and uphold Spool’s reputation for reliability. Hexens previously audited Spool’s strategies:

• oETH LST
• Convex frxETH-stETH
• Gearbox USDC
• Gearbox ETH

Details :

• Audit Firm: Hexens
• Scope: Approximately 1000 lines of code, four strategies
• Cost: 29,900 USDC
• Commencement: Scheduled for April 22nd

Proposal 📬

As we prepare for Spool’s expansion onto Arbitrum, we require a thorough audit of our codebase to ensure security and functionality. We propose to engage Hexens, a reputable code auditing firm, to perform this critical task. The audit will cover roughly 1000 lines of code, encompassing around four strategies essential for the launch.

Vote Options 🗳

• Yes: Authorize the release of funds for the code audit.
• No: Do not authorize the funds, and propose alternative actions.