Title
[GRFC] - Additional Funding for Audit of New GSquared Strategies
Author(s)/acknowledgements
- KD0x701137
Summary
Request for an additional $40,000 in funding to audit two newly developed strategies to ensure GSquared protocol’s stability and security:
- $20,000 for the Flux Strategy Audit.
- $20,000 for the Dai Saving Rate Strategy Audit.
Voting Options
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Approve the full additional funding request of $40,000.
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ábstain.
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Decline the additional funding request.
Type (Proposed Changes)
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This proposal would result in an off-chain action.
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Proposal to allocate funds for auditing two strategies: Flux and Dai Saving Rate.
Rationale
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The risk-to-reward ratio imbalance in the current convex strategies needs addressing.
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Auditing the strategies ensures the protocol’s robustness and minimizes potential vulnerabilities.
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Comments from users indicate a need for clarity in how the strategies function and their relevance to GSquared.
Implementation
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Once approved, the funds will be directed to third-party auditors.
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Estimated budget: $40,000. No additional fees are anticipated.
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Estimated time: 2 weeks for both audits (~1 week per audit).
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Technical processes include liaising with auditing firms, supplying them with necessary documents, and facilitating the audit.
Benefits (Pros)
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Ensures the GSquared protocol remains secure and efficient.
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Addresses imbalances, potentially attracting more users/stakeholders.
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Boosts confidence in the protocol’s stability.
Downsides (Cons)
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Initial outlay of $40,000.
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There’s always a risk of the audit not uncovering all potential vulnerabilities.
References
Submission date and next steps
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Date of Submission: 04.09.23
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Proposed starting date of Snapshot vote: 10.09.23
Request for Comments - “This proposal will be open for comments over the next 6 days. If no substantial changes are required, it will then be open for voting for another 5 days.”
Poll
- Approve the full additional funding request
- Abstain
- Reject the proposal