To build more trust with potential investors, we propose to conduct a second audit of the KogeFarm vault code.
The audit will be from a reputable provider such as Hanken, Certik, or ImmuneBytes. We would rather not specify exactly which auditor we will use in the governance proposal, as fees are individually negotiated and a commitment will significantly reduce our negotiating power.
The first audit's fee was fronted by the devs and eventually paid by KogeFarm profits. Since the audit is benefit KogeFarm, we propose to use the currently generated KogeFarm profits to pay for it. We expect an audit fee to be in the $6-20k range.
The way to think about whether an audit is a good investment is as follows. Will a second audit attract enough additional TVL to pay for itself? How do we trade it off against burning 1-3% of the current Koge supply?