OIP-98 - Olympus yearly security audit budget and recomp
Summary: Establish a yearly budget of $500,000 to be used for smart contract audits, and an additional $100,000 to reimburse Zeus for the v2 migration audit.
Background: Olympus smart contracts team is working on a number of systems, and must assure security for these systems. Audits are expensive but must be paid for, and with higher budgets, we can get better auditors for our code. This budget would be used for covering past audits with yAcademy, along with future audits with different firms, such as Spearbit, Code4rena, and others. If further funding is needed, it is to be approved by another OIP.
This OIP is also to reimburse Zeus for his payment to Omniscia of $115,000. This was detailed in the RFC https://forum.olympusdao.finance/d/1179-rfc-audit-recompensation/3.
All costs will be reported on in the quarterly report from the DAO.
Implementation Details: We will report security audit expenses quarterly. Any underspent security audit fees will be allocated for the following calendar year (rolled over). This budget will not affect the bug bounty program.
Proposal: Approve Olympus to budget $500,000 a year on security audits for smart contracts Recomp Zeus for $115k for Omniscia audit
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x0561...5eE1F0 | 58,003 | Approve OIP-98 |
 0x0090...fe1C88 | 51,140 | Approve OIP-98 |
 0x47af...2B34f4 | 43,311 | Approve OIP-98 |
 0x5E11...BCEc1d | 28,327 | Approve OIP-98 |
 0x277d...5a54C1 | 11,891 | Approve OIP-98 |
VOTE POWER
Proposal Status
- Tue May 31 2022, 07:45 pmVoting Period Starts
- Fri June 03 2022, 07:45 pmEnd Voting Period
Current Results
1-Approve OIP-98
342,785.506
2-Reject OIP-98
62.917