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3 years ago Issue Status: 1. Open 2. Started 3. Submitted 4. Done
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raynemang
Statement of Purpose Auditing standard for measuring technical and economic risk for institutional investments in DeFi protocols and issuing a Tokenized Certificate for meeting the standard.
To read the concept note, visit the project readme.
Task 2 - Research Audit Reports The objective of this task is to make audit reports relevant and easy to understand for institutional investors. There are two main parts to this: First, to study multiple audits of a number of DeFi protocols and extract the relevant parts out for investors looking to invest more than ~0.5M USD. Second, establishing an easy-to-read format for reporting the technical and financial vulnerabilities to make calculated investment decisions.
Subtask 2.1 - Extract relevant information The task here is to analyze n number of smart contract audit reports from established smart contract and DeFi auditors like QuantStamp, ConsenSys Diligence, OpenZeppline, CertiK, Peckshield and others to identify what parts are relevant for an institutional investor bringing in significant liquidity.
For example, an institutional investor would be more interested in identifying ways in which the system is susceptible to be gamed or abused, what parts are exposed to centralization risks like point of interaction with oracles, and what governance mechanisms are in place that could be a potential threat to the investor funds.
A good starting point for beginning the research is to look at the popular DeFi protocols on the DeFi Pulse website and consolidate the audits that have been done in the past.
Guidelines & Submission Deadline Examples of submissions that would fulfill the submission requirements of Subtask 2.1 include, but are not limited to, the following:
All bounty submissions must be received at hello@open-defi.com no later than 11:59 PM EDT on February 25th, 2021 to be considered. Projects will be judged for prizes between February 25th to March 2nd, 2021, and winners will be announced by Open DeFi on Discord & Twitter.
You can work on or submit one or more subtasks together. You need to clearly indicate in the submission the title and serial number of the subtasks you are tackling. The prizes for each subtask are listed in the following section.
Review by the Member Committee Our team of member experts in Open DeFi will evaluate each of your submissions and rank them on the following criteria, weighted as indicated in parentheses:
Prizes and Incentives