QuickSwap Agreement to Renew with Hexagate’s Web3 Security Platform

In September 2023, the dragon community voted in favor of a governance proposal to implement Hexagate’s Web3 security platform. Hexagate provided QuickSwap with real-time alerts on exploits threatening smart contracts or governance participants and ran automated workflows to mitigate issues in real-time when their platform fires an alert.

The duration for the agreement terms has now expired, which is why this new proposal is being put forward to renew Hexagate’s 12-month engagement with Quickswap.

This agreement with Hexagate will keep providing continuous real-time monitoring and proactive threat prevention to enhance the resiliency and security of the QuickSwap DEX and augment the DAO’s security operations while minimising the risk of hacks and exploits, loss of funds and prevent catastrophic loss to create long-term sustainable growth.

Note that this proposal has been written by both the QuickSwap and Hexagate teams, where the request is to approve a $30K budget expenditure, paid in USDC for 1 year, approved and released by the DAO contributors.