#LIP 07: Security Partnership with Quantstamp

MOTIVATION Safeguarding community assets within LEVEL is the team’s number one priority. As a result of our pre-launch audit with Obelisk, we resolved 40 issues and significantly improved the security of the protocol. Development in LEVEL has been continuous, with new features and improvements to the platform being tested and deployed on a weekly basis. As an open source project, it is our goal to grow the ecosystem to a stage of self-reliance where the community is robust enough to supply many of the subject matter expertise as well as peer reviews necessary to continuously improve the protocol. While we’ve come a long way in just one month, there remain certain knowledge gaps that still need to be bridged by external partners.

Quantstamp is the leader in blockchain security. Having secured over $200bn in value and audited some of the most successful projects in the space, we’re excited to work alongside their team to bring further security improvements to the platform. As we begin rolling out some of our upcoming cross-chain features, it is crucial that we do so with the support of the industry’s leading security experts. As a new security partner to LEVEL, Quantstamp will primarily receive LVL tokens for their services. A small amount of BUSD is also requested to help cover a portion of the external costs that will be borne in the upcoming month-long protocol upgrade.

LEVEL aims to retain the services of Quantstamp for subsequent audits.

PROPOSAL DAO to approve a general security budget of 50k LVL and 50k BUSD for Q1 2023

VOTING OPTIONS Choose one of the following options to vote on:

YES - Agree with the proposal. NO - Take no action.

ELIGIBILITY Only LGO token holders are eligible to vote.