phase 1 deliverables are education-oriented:

• 101-level guide for dev
• 101-level guide for auditing
• find and document classes of vulnerabilities from prior audits of similar codebases and exploits in the wild

phase 2 deliverable is a threat model:

• think about the code both in terms of what you'd want to defend and how you'd adversarially compromise those things (without actually identifying specific bugs yet)
• document these in the form of attack trees