Summary

This proposal seeks to allocate funds for an audit of the recently deployed fee collection contracts, which have been integrated at the application layer. As some projects are ready to launch with these fees baked in, it's essential to ensure that the contracts are secure and free of vulnerabilities.

Proposal

This proposal requests an allocation of 13,000 USDC to fund the audit of the fee collection contracts.

Amount: 13,000 USDC

Soft Operations Address: 0xb2DB3CcDEb229C6a4596619F51D93e00966914f9

These funds will be used to compensate the selected firm for an audit of the fee collection contracts. The audit will focus on identifying any vulnerabilities, ensuring compatibility with existing protocol features, and confirming the correct implementation of the fee mechanisms.

Rationale

Conducting a thorough audit is a necessary step before launching projects that depend on these contracts. It mitigates risks associated with potential vulnerabilities and builds trust with the community and projects using our infrastructure. The allocated amount reflects the standard costs associated with a comprehensive audit performed by a reputable third-party auditor.

Next Steps

Upon approval, the requested funds will be transferred to the Soft Operations address. They will then be paid to the auditors upon completion.

The audit will be completed shortly, with results expected within a few weeks.

A summary of the audit findings will be shared with the community, and any necessary contract updates will be implemented before proceeding with the project launches.