Proposal to Launch an RFP for Auditing the Technical Contribution in Developing Staking

Shutter DAO DAO Proposals
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Simple Summary

Shutter DAO 0x36 has voted to move forward with Blockful.io as the technical contributor to develop Keyper staking and delegated staking (link). Blockful has already started with the technical contribution, which can be followed in this thread. In order to ensure the secure functioning of the staking and delegation mechanism, it is suggested that the DAO launches an RfP for auditing the implementation and therefore allocates a budget of USDC 10,000.

Goals

  1. Ensure Security and Reliability: Verify the technical soundness of the staking mechanism to ensure the security and reliability of the Shutter Network.
  2. Enhance Trust and Confidence: Provide the Shutter DAO community with assurance that the staking mechanism has been thoroughly audited by an independent, reputable auditor.
  3. Facilitate Smooth Implementation: Identify and resolve any potential issues in the smart contracts before deployment to prevent future complications.

Background on Contribution

The Shutter DAO 0x36 has initiated the development of a staking mechanism to incentivize Keypers and SHU token holders. To ensure the robustness and security of the technical implementation, an independent audit is essential. This proposal aims to secure the necessary funds and initiate the process to select a qualified auditor to secure the implementation done by Blockful.io - further information can be found in this thread.

Implementation / Next Steps

  1. Launch RFP: Upon approval of this proposal, an RFP will be issued to invite qualified auditors to submit their proposals for auditing the staking mechanism. Suggested deadline to submit proposals: June 26 2024.
  2. Selection Process: The proposals will be reviewed by the Shutter DAO 0x36 community, and the most suitable auditor will be selected based on expertise, reputation, and proposed approach.
  3. Auditing: The selected auditor will conduct a thorough audit of the staking and delegation mechanism, including smart contracts, front-end integration, and overall security measures.
  4. Reporting: The auditor will provide a detailed report outlining their findings, recommendations, and any identified issues. This report will be shared with the Shutter DAO community and Blockful.io.
  5. Budget Allocation: Up to 10,000 USDC will be allocated for this auditing process, to be disbursed upon satisfactory completion of the audit.

Voting Platform

Snapshot

Vote

  • Vote “YES”: To authorize an RFP and funding for an Auditor to audit the technical contribution for Shutter DAO 0x36 Staking.
  • Vote “NO”: To not authorize an RFP and funding for an Auditor to audit the technical contribution for Shutter DAO 0x36 Staking.
  • Vote “Abstain”: To abstain from voting on this proposal.
4 Likes
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Make sense with the proposal, from our side we see no immediate issues with this proposal

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10k seems a bit low. I mean, it’s amazing if it’s possible to get a good audit at that price, but I am a bit worried it might not be possible. Anyway, I fully support this proposal as long as it’s possible to get a good quality audit at that price. However, if the 10k is just for “some” audit, then I will oppose it later on.

1 Like