Refill bug bounty safe

Proposal Information

Proposal description:

After the recent decrease in the price of HNY, our bug bounty safe stores less than $10k worth of HNY. This proposal intends to:

  1. Refill the safe with more HNY.
  2. Decrease the rewards from now to the half, as we already did previously after the last drop.

Proposal Rationale

It is important to be able to reward the whitehats that disclose potential attacks to the smart contracts and other resources of the DAO. Without them, the consequences could be devastating.

However, the price of HNY dropped considerably during the last months, so itโ€™s wise to reduce the payouts by half.

Expected duration or delivery date (if applicable):


Team Information (For Funding Proposals)

Names, usernames, and/or relevant social links for team members (Twitter, Github, 1Hive Forum, etc.):

The current bug bounty safe signers are:
@willjgriff, @rperez89, @fabriv, @lkngtn, @gabi, @crisog

Skills and previous experience in related or similar work:

Funding Information (For Funding Proposals)

Amount of HNY requested:

250 HNY ($11,000)

Ethereum address where funds shall be transferred:

0xd817b8bEE4a9FFcC654752b31b2d376a8F856952 (1hive bug bounty safe)

More detailed description of how funds will be handled and used:

The funds will be sent to the bug bounty safe, and from there they will be distributed to any party that discloses a bug eligible for the bug bounty program.