Proposal #687
Passed on 29 Mar 2023 with 97.6% of the votes for yes.
Yes
97.6%
99.7% without abstain
Veto
0.0%
of votes cast
Ended
29 Mar 2023
97.57%
of votes cast
2.16%
of votes cast
0.27%
of votes cast
0.00%
of votes cast
Authors: [Hidden link]
Commissioning [Hidden link] to conduct a third-party audit of the Replicated Security (Interchain Security v1) code with a similar scope as to the audit conducted by the Informal audit team.
This proposal aims to use community pool funds to commission a third-party audit for the Replicated Security code. This audit is to be conducted by Oak Security, one of the most-reputable auditors in the space.
The price of the audit will be $102,000 and will take roughly three weeks starting on the 29th of March 2023. The auditors will require payment upfront to start the audit process after which, contact will be kept with each other for progress updates and any questions during the audit.
The scope of the audit is to review the latest version of the Replicated Security code. The main aims are to double-check the audit by Informal Systems as well as review the code changes since that audit was completed to ensure that the latest version of the Replicated Security code is reviewed thoroughly and no new issues have come to light.
Since this is a community pool spend proposal, we want to ensure the community that the funds will arrive at the designated recipient by creating a multi-sig.
The multi-sig will comprise of:
The address of the Multi-Sig: [Hidden link]
With this proposal, we (Simply Staking) have been and will be the main point of contact with Oak Security which means that we will handle all things related to answering their questions and queries. Even though we are not a direct part of the multi-sig, we are the coordinators for the multi-sig. For the work with Oak Security and the multi-sig coordination, we seek a compensation fee of around 15% of the total ask.
From that 15% that will be given to us for our work, a small fee would be distributed to the multi-sig members as a form of compensation. The members are being paid due to requiring them to confirm that the audit was completed as described, prior to distributing of funds.
All payments are to be sent out to the recipients once the whole audit process is complete.
OAK Quote: $102,000 + 15% price buffer to account for volatility of the ATOM token during voting period : $117,300
Simply Staking + Multi-Sig Fees: $15,300
Total ask 11,050 ATOM @ $12 per ATOM ~ $132,600
All leftover funds will be sent back to the community pool.
For more information or for any queries, please reach out to Damien of Simply Staking on [Hidden link] or on the forum discussion for this proposal - [Hidden link]
Proposal details on Github: [Hidden link]## Voting