Background: We are considering engaging Cyfrin, a leading competitive auditing platform, to conduct a competitive audit of our smart contracts. Competitive audits are a cost-effective way to identify and remediate vulnerabilities in our codebase. Cyfrin has a proven track record of success, having conducted over 100 competitive audits for a variety of protocols.
Here are some of the benefits of using Cyfrin for our competitive audit:
Cyfrin has a large community of security researchers. This means that we will have more eyes on our codebase, which will increase the likelihood of finding vulnerabilities.
Cyfrin's platform is designed to incentivize researchers to find vulnerabilities. This will ensure that the audit is thorough and comprehensive.
Cyfrin's judges are experts in smart contract security. This means that we can be confident that the vulnerabilities that are found will be real and actionable.
Proposal: We believe that this is a worthwhile investment, given the potential benefits of increased security and reduced risk. If this proposal passes, we will go ahead with the audit after the release of liquidation pools to make sure that is part of audit too.
Voting Options: For: Proceed with a competitive audit with Cyfrin. Against: Do not proceed with a competitive audit with Cyfrin. Abstain: I don't have a strong opinion on this issue.