Profile of Code4rena in Optimism

Posts by Code4rena

• [DRAFT] [Phase 1 Proposal] Code4rena by Code4rena - No Role
  Posted on: Feb. 10, 2023, 12:56 a.m.
  Content: Project name: Code 4 rena Author name and contact info (please provide a reliable point of contact for the project): Etherean Twitter: https://twitter.com/_etherean 2 Discord: Etherean# 7284 Vee Twitter: https://twitter.com/Vee 474 3 Discord: :crystal_ball: vee | C 4 # 6243 I understand that I will be required to provide additional KYC information to the Optimism Foundation to receive this grant: Yes I understand that I will be expected to following the public grant reporting requirements outlined here: Yes L 2 recipient address: 0 xC 2 bc 2 F 890067 C 511215 f 9463 a 064221577 a 53 E 10 Grant category: Governance Fund Phase 1 Which Voting Cycle are you applying for?: Cycle 10 Which sub-committee should review your proposal? Growth Experiment Grants Project description (please explain how your project works): Code 4 rena is a smart contract auditing platform that helps projects find more bugs faster than any other method. C 4 ’s competitive audits have changed the web 3 security space by providing a transparent and gamified alternative to traditional audits. Competitive audits involve three main players: sponsors, wardens, and judges. Sponsors create a prize pool to attract wardens. Wardens are security researchers who compete to find as many bugs as possible. Independent judges are seasoned community members who assess the findings and allocate shares of the prize pool to the wardens. To incentivize wardens, C 4 uses a unique scoring system, with two primary goals: reward participants for finding unique bugs and make the contest resistant to sybil attacks. Judges are incentivized to review findings and decide their severity, validity, and quality by receiving a share of the prize pool themselves. Project links: Website: code 4 rena.com 1 Twitter: https://twitter.com/code 4 rena Discord/Discourse/Community: Code 4 rena Additional team member info: Sock - CEO Twitter: https://twitter.com/sockdrawermoney 2 Discord: sockdrawermoney# 7095 Email: sock@code 4 rena.com Eric - COO Twitter: https://twitter.com/_ninek 2 Discord: :t_rex: eric (ninek) | C 4 Email: eric@code 4 rena.com Growth Etherean Twitter: https://twitter.com/_etherean 2 Discord: Etherean# 7284 Email: etherean@code 4 rena.com Vee Twitter: https://twitter.com/Vee 474 3 Discord: :crystal_ball: vee | C 4 # 6243 Email: vee@code 4 rena.com Please link to any previous projects the team has meaningfully contributed to: Since launching in early 2021 , Code 4 rena has been keeping bugs out of production for hundreds of protocols including industry leaders such as OpenSea, Aave, Sushi, ENS, and more. The full list of the projects C 4 has audited can be found here. For more details about how Code 4 rena found 2 high severity vulnerabilities in OpenSea’s Seaport smart contracts read this story 1 . 16 projects that are part of the Optimism ecosystem have trusted Code 4 rena to help secure their code. Relevant usage metrics: 500 + high-severity vulnerabilities found 90 + wardens competing per competition on average 150 + audit contests on Code 4 rena so far $ 6 . 5 M+ in rewards paid We keep growing. According to our latest update on Nov 29 2022 : 685 unique high-security vulnerabilities were found + awarded ( 20 more from last month, 113 more from 3 months ago) 321 wardens are contributing high-risk findings ( 40 more from last month; 104 more from 3 months ago) Code 4 rena has evolved into one of the biggest and most open security communities in Web 3 . Our community involves founders, developers, security experts and enthusiasts: 6581 Community members 2660 Wardens 253 Certified wardens Competitors, peers, or similar projects: Code 4 rena has pioneered the alternative auditing landscape. While other players like Sherlock, our depth of experience iterating and improving on competitive audits allows us to offer consistently high-quality services while at the same time adapting quickly to new requirements. Is/will this project be open-sourced? Code 4 rena offers public and private audits. All the reports of our public audits can be found here. Optimism native?: Code 4 rena is chain-agnostic Date of deployment/expected deployment on Optimism: N/A Ecosystem Value Proposition: What is the problem statement this proposal hopes to solve for the Optimism ecosystem? The Optimism ecosystem aims to grow quickly but many times within crypto, we’ve seen how rapid growth is not sustainable unless there’s a security-first approach. Traditional smart contract audits incur a hefty cost both financially and chronologically. How does your proposal offer a value proposition solving the above problem? Code 4 rena’s competitive audits can be started within 48 hours, have flexible costs, and provide significantly higher coverage, helping teams that want to deploy on Optimism go to market quickly and safely. The Code 4 rena team plans to use this grant to support the projects that are on Optimism, or plan to launch on Optimism, with their security needs. Why will this solution be a source of growth for the Optimism ecosystem? Security is essential for growth. Preventing costly multimillion-dollar hacks and ensuring that Optimism projects have access to fast and reliable security services promotes sustainable growth and solidifies a prestigious reputation. If projects in the Optimism ecosystem establish a reputation for being secure, this will give users more confidence and lead to greater adoption. Has your project previously applied for an OP grant? No Number of OP tokens requested: 750 , 000 OP Did the project apply for or receive OP tokens through the Foundation Partner Fund?: No If OP tokens were requested from the Foundation Partner Fund, what was the amount?: N/A How much will your project match in co-incentives?: N/A Proposal for token distribution: How will the OP tokens be distributed? The purpose of this grant is to incentivize more projects to securely deploy on Optimism. A portion of tokens will be used to subsidize security audit competition pools sponsored by projects that will be deploying on Optimism for the first time. Another portion of tokens will be used to subsidize security audit competition pools for projects that have already deployed on Optimism but want to secure new upgrades or features before launching to production. The final portion of tokens will be used to create awareness around the grant, the incentives, and Optimism’s dedication to security. This entails marketing costs related to PR, sponsored content, and paid media. Percentage breakdown 33 , 3 % of the total amount of the grant to be transferred to Code 4 rena on a quarterly basis until the total amount of the grant has been received (three quarters in total). The 33 , 3 % of the grant tokens received each quarter will be allocated in the following manner: 40 % of tokens received will be used to subsidize security auditing costs for existing projects in the Optimism ecosystem, 40 % to subsidize security auditing costs for projects planning to launch on Optimism, and 20 % for marketing the initiative. The security grant will subsidize 30 % of the competitive audit cost with a cap of $ 25 , 000 so that as many projects as possible can benefit from the grant. As a reference point, all the price pools of the competitive audits are listed here: https://code 4 rena.com/contests Over what period of time will the tokens be distributed for each initiative? Shorter timelines are preferable to longer timelines. Shorter timelines (on the order of weeks) allow teams to quickly demonstrate achievement of milestones, better facilitating additional grants via subsequent proposals. 33 . 3 % of the total grant is to be distributed on a quarterly basis to Code 4 rena until 100 % of the grant has been received. Because security auditing competitions take more time to complete than other initiatives, we’d be better equipped to demonstrate results on a quarterly basis. Please clearly define the milestones you expect to achieve in order to receive milestone-based installments. Please consider how each milestone relates to incentivizing sustainable usage and liquidity on Optimism. Progress towards each milestone must be trackable. This is a service-based proposal. Milestones and their implementation are trackable and straightforward. The grant should subsidize 30 % of the total audit cost for each project that applies. Following estimates are calculated based on previous code 4 rena data: Q 1 - 250 . 000 OP 100 . 000 on existing projects on Optimism 100 . 000 on projects that plan to launch on Optimism 50 . 000 to co-marketing initiatives Avg number of projects benefiting from the grant: 10 - 21 * Q 2 - 250 . 000 OP 100 . 000 on existing projects on Optimism 100 . 000 on projects that plan to launch on Optimism 50 . 000 to co-marketing initiatives Avg number of projects benefiting from the grant: 10 - 21 Q 3 - 250 . 000 OP 100 . 000 on existing projects on Optimism 100 . 000 on projects that plan to launch on Optimism 50 . 000 to co-marketing initiatives Avg number of projects benefiting from the grant: 10 - 21 *Estimates were calculated based on potential market volatility Why will incentivized users and liquidity on Optimism remain after incentives dry up? Getting a security audit can be a challenge for projects with small treasuries. Code 4 rena will help projects save money and ensure a more secure product for Optimism ecosystem users to interact with. In this case, it’s the protocols that are being incentivized to onboard Optimism, which inevitably brings their users to Optimism with them. Please provide any additional information that will facilitate accountability: 0 xC 2 bc 2 F 890067 C 511215 f 9463 a 064221577 a 53 E 10
  Likes: 2 Replies: 1
  Likers: fractalvisions, neketskkk
  Replies:

  • FractalVisions: Code4rena: The purpose of this grant is to incentivize more projects to securely deploy on Optimism. A portion of tokens will be used to subsidize security audit competition pools sponsored by projects that will be deploying on Optimism for the first time. Another portion of tokens will be used to subsidize security audit competition pools for projects that have already deployed on Optimism but want to secure new upgrades or features before launching to production. Hello @Code4rena I just wanted to point out a few things here for governance review and revision. The growth experiments grant max amount of tokens that can be requested is 250,000 and I see you have 750,000 as your ask. Above I see here that you need funding for development and the growth experiment grants have a no sale rule. Also please stay in touch with the Gov members in the discord and up-to-date here on the forms because there should be an updated submission form coming out soon that may change all of this as well for cycle 11 coming up next month. I am happy to see more people coming to deploy their projects on optimism network!
• [DRAFT] [Phase 1 Proposal] Code4rena by Code4rena - No Role
  Posted on: Feb. 9, 2023, 7:56 p.m.
  Content: Project name: Code 4 rena Author name and contact info (please provide a reliable point of contact for the project): Etherean Twitter: https://twitter.com/_etherean Discord: Etherean# 7284 Vee Twitter: https://twitter.com/Vee 474 Discord: :crystal_ball: vee | C 4 # 6243 I understand that I will be required to provide additional KYC information to the Optimism Foundation to receive this grant: Yes I understand that I will be expected to following the public grant reporting requirements outlined here: Yes L 2 recipient address: 0 xC 2 bc 2 F 890067 C 511215 f 9463 a 064221577 a 53 E 10 Grant category: Governance Fund Phase 1 Which Voting Cycle are you applying for?: Cycle 10 Which sub-committee should review your proposal? Growth Experiment Grants Project description (please explain how your project works): Code 4 rena is a smart contract auditing platform that helps projects find more bugs faster than any other method. C 4 ’s competitive audits have changed the web 3 security space by providing a transparent and gamified alternative to traditional audits. Competitive audits involve three main players: sponsors, wardens, and judges. Sponsors create a prize pool to attract wardens. Wardens are security researchers who compete to find as many bugs as possible. Independent judges are seasoned community members who assess the findings and allocate shares of the prize pool to the wardens. To incentivize wardens, C 4 uses a unique scoring system, with two primary goals: reward participants for finding unique bugs and make the contest resistant to sybil attacks. Judges are incentivized to review findings and decide their severity, validity, and quality by receiving a share of the prize pool themselves. Project links: Website: code 4 rena.com Twitter: https://twitter.com/code 4 rena Discord/Discourse/Community: Code 4 rena Additional team member info: Sock - CEO Twitter: https://twitter.com/sockdrawermoney Discord: sockdrawermoney# 7095 Email: sock@code 4 rena.com Eric - COO Twitter: https://twitter.com/_ninek Discord: :t_rex: eric (ninek) | C 4 Email: eric@code 4 rena.com Growth Etherean Twitter: https://twitter.com/_etherean Discord: Etherean# 7284 Email: etherean@code 4 rena.com Vee Twitter: https://twitter.com/Vee 474 Discord: :crystal_ball: vee | C 4 # 6243 Email: vee@code 4 rena.com Please link to any previous projects the team has meaningfully contributed to: Since launching in early 2021 , Code 4 rena has been keeping bugs out of production for hundreds of protocols including industry leaders such as OpenSea, Aave, Sushi, ENS, and more. The full list of the projects C 4 has audited can be found here. For more details about how Code 4 rena found 2 high severity vulnerabilities in OpenSea’s Seaport smart contracts read this story. 16 projects that are part of the Optimism ecosystem have trusted Code 4 rena to help secure their code. Relevant usage metrics: 500 + high-severity vulnerabilities found 90 + wardens competing per competition on average 150 + audit contests on Code 4 rena so far $ 6 . 5 M+ in rewards paid We keep growing. According to our latest update on Nov 29 2022 : 685 unique high-security vulnerabilities were found + awarded ( 20 more from last month, 113 more from 3 months ago) 321 wardens are contributing high-risk findings ( 40 more from last month; 104 more from 3 months ago) Code 4 rena has evolved into one of the biggest and most open security communities in Web 3 . Our community involves founders, developers, security experts and enthusiasts: 6581 Community members 2660 Wardens 253 Certified wardens Competitors, peers, or similar projects: Code 4 rena has pioneered the alternative auditing landscape. While other players like Sherlock, our depth of experience iterating and improving on competitive audits allows us to offer consistently high-quality services while at the same time adapting quickly to new requirements. Is/will this project be open-sourced? Code 4 rena offers public and private audits. All the reports of our public audits can be found here. Optimism native?: Code 4 rena is chain-agnostic Date of deployment/expected deployment on Optimism: N/A Ecosystem Value Proposition: What is the problem statement this proposal hopes to solve for the Optimism ecosystem? The Optimism ecosystem aims to grow quickly but many times within crypto, we’ve seen how rapid growth is not sustainable unless there’s a security-first approach. Traditional smart contract audits incur a hefty cost both financially and chronologically. How does your proposal offer a value proposition solving the above problem? Code 4 rena’s competitive audits can be started within 48 hours, have flexible costs, and provide significantly higher coverage, helping teams that want to deploy on Optimism go to market quickly and safely. The Code 4 rena team plans to use this grant to support the projects that are on Optimism, or plan to launch on Optimism, with their security needs. Why will this solution be a source of growth for the Optimism ecosystem? Security is essential for growth. Preventing costly multimillion-dollar hacks and ensuring that Optimism projects have access to fast and reliable security services promotes sustainable growth and solidifies a prestigious reputation. If projects in the Optimism ecosystem establish a reputation for being secure, this will give users more confidence and lead to greater adoption. Has your project previously applied for an OP grant? No Number of OP tokens requested: 750 , 000 OP Did the project apply for or receive OP tokens through the Foundation Partner Fund?: No If OP tokens were requested from the Foundation Partner Fund, what was the amount?: N/A How much will your project match in co-incentives?: N/A Proposal for token distribution: How will the OP tokens be distributed? The purpose of this grant is to incentivize more projects to securely deploy on Optimism. A portion of tokens will be used to subsidize security audit competition pools sponsored by projects that will be deploying on Optimism for the first time. Another portion of tokens will be used to subsidize security audit competition pools for projects that have already deployed on Optimism but want to secure new upgrades or features before launching to production. The final portion of tokens will be used to create awareness around the grant, the incentives, and Optimism’s dedication to security. This entails marketing costs related to PR, sponsored content, and paid media. Percentage breakdown 33 , 3 % of the total amount of the grant to be transferred to Code 4 rena on a quarterly basis until the total amount of the grant has been received (three quarters in total). The 33 , 3 % of the grant tokens received each quarter will be allocated in the following manner: 40 % of tokens received will be used to subsidize security auditing costs for existing projects in the Optimism ecosystem, 40 % to subsidize security auditing costs for projects planning to launch on Optimism, and 20 % for marketing the initiative. The security grant will subsidize 30 % of the competitive audit cost with a cap of $ 25 , 000 so that as many projects as possible can benefit from the grant. As a reference point, all the price pools of the competitive audits are listed here: https://code 4 rena.com/contests Over what period of time will the tokens be distributed for each initiative? Shorter timelines are preferable to longer timelines. Shorter timelines (on the order of weeks) allow teams to quickly demonstrate achievement of milestones, better facilitating additional grants via subsequent proposals. 33 . 3 % of the total grant is to be distributed on a quarterly basis to Code 4 rena until 100 % of the grant has been received. Because security auditing competitions take more time to complete than other initiatives, we’d be better equipped to demonstrate results on a quarterly basis. Please clearly define the milestones you expect to achieve in order to receive milestone-based installments. Please consider how each milestone relates to incentivizing sustainable usage and liquidity on Optimism. Progress towards each milestone must be trackable. This is a service-based proposal. Milestones and their implementation are trackable and straightforward. The grant should subsidize 30 % of the total audit cost for each project that applies. Following estimates are calculated based on previous code 4 rena data: Q 1 - 250 . 000 OP 100 . 000 on existing projects on Optimism 100 . 000 on projects that plan to launch on Optimism 50 . 000 to co-marketing initiatives Avg number of projects benefiting from the grant: 10 - 21 * Q 2 - 250 . 000 OP 100 . 000 on existing projects on Optimism 100 . 000 on projects that plan to launch on Optimism 50 . 000 to co-marketing initiatives Avg number of projects benefiting from the grant: 10 - 21 Q 3 - 250 . 000 OP 100 . 000 on existing projects on Optimism 100 . 000 on projects that plan to launch on Optimism 50 . 000 to co-marketing initiatives Avg number of projects benefiting from the grant: 10 - 21 *Estimates were calculated based on potential market volatility Why will incentivized users and liquidity on Optimism remain after incentives dry up? Getting a security audit can be a challenge for projects with small treasuries. Code 4 rena will help projects save money and ensure a more secure product for Optimism ecosystem users to interact with. In this case, it’s the protocols that are being incentivized to onboard Optimism, which inevitably brings their users to Optimism with them. Please provide any additional information that will facilitate accountability: 0 xC 2 bc 2 F 890067 C 511215 f 9463 a 064221577 a 53 E 10
  Likes: 2 Replies: 1
  Likers: FractalVisions, neketskkk
  Replies:

  • FractalVisions: Code4rena: The purpose of this grant is to incentivize more projects to securely deploy on Optimism. A portion of tokens will be used to subsidize security audit competition pools sponsored by projects that will be deploying on Optimism for the first time. Another portion of tokens will be used to subsidize security audit competition pools for projects that have already deployed on Optimism but want to secure new upgrades or features before launching to production. Hello @Code4rena I just wanted to point out a few things here for governance review and revision. The growth experiments grant max amount of tokens that can be requested is 250,000 and I see you have 750,000 as your ask. Above I see here that you need funding for development and the growth experiment grants have a no sale rule. Also please stay in touch with the Gov members in the discord and up-to-date here on the forms because there should be an updated submission form coming out soon that may change all of this as well for cycle 11 coming up next month. I am happy to see more people coming to deploy their projects on optimism network!
• [DRAFT] [GF: Phase 1 Proposal] Code4rena by Code4rena - No Role
  Posted on: Feb. 5, 2023, 8:28 p.m.
  Content: Thanks for the feedback, proposal has been updated with the latest information.
  Likes: 0 Replies: 0
  No likes yet.
  No replies yet.
• [DRAFT] [GF: Phase 1 Proposal] Code4rena by Code4rena - No Role
  Posted on: Feb. 5, 2023, 3:28 p.m.
  Content: Thanks for the feedback, proposal has been updated with the latest information.
  Likes: 0 Replies: 0
  No likes yet.
  No replies yet.
• [DRAFT] [GF: Phase 1 Proposal] Code4rena by Code4rena - No Role
  Posted on: Jan. 26, 2023, 8:56 p.m.
  Content: Project name: Code 4 rena Author name and contact info (please provide a reliable point of contact for the project): Etherean Twitter: https://twitter.com/_etherean Discord: Etherean# 7284 Vee Twitter: https://twitter.com/Vee 474 1 Discord: :crystal_ball: vee | C 4 # 6243 I understand that I will be required to provide additional KYC information to the Optimism Foundation to receive this grant: Yes I understand that I will be expected to following the public grant reporting requirements outlined here: Yes L 2 recipient address: 0 xC 2 bc 2 F 890067 C 511215 f 9463 a 064221577 a 53 E 10 Grant category: Governance Fund Phase 1 Which Voting Cycle are you applying for?: Cycle 10 Which sub-committee should review your proposal? Growth Experiment Grants Project description (please explain how your project works): Code 4 rena is a smart contract auditing platform that helps projects find more bugs faster than any other method. C 4 ’s competitive audits have changed the web 3 security space by providing a transparent and gamified alternative to traditional audits. Competitive audits involve three main players: sponsors, wardens, and judges. Sponsors create a prize pool to attract wardens. Wardens are security researchers who compete to find as many bugs as possible. Independent judges are seasoned community members who assess the findings and allocate shares of the prize pool to the wardens. To incentivize wardens, C 4 uses a unique scoring system, with two primary goals: reward participants for finding unique bugs and make the contest resistant to sybil attacks. Judges are incentivized to review findings and decide their severity, validity, and quality by receiving a share of the prize pool themselves. Project links: Website: code 4 rena.com Twitter: https://twitter.com/code 4 rena Discord/Discourse/Community: Code 4 rena Additional team member info: Sock - CEO Twitter: https://twitter.com/sockdrawermoney Discord: sockdrawermoney# 7095 Email: sock@code 4 rena.com Eric - COO Twitter: https://twitter.com/_ninek Discord: :t_rex: eric (ninek) | C 4 Email: eric@code 4 rena.com Growth Etherean Twitter: https://twitter.com/_etherean Discord: Etherean# 7284 Email: etherean@code 4 rena.com Vee Twitter: https://twitter.com/Vee 474 1 Discord: :crystal_ball: vee | C 4 # 6243 Email: vee@code 4 rena.com Please link to any previous projects the team has meaningfully contributed to: Since launching in early 2021 , Code 4 rena has been keeping bugs out of production for hundreds of protocols including industry leaders such as OpenSea, Aave, Sushi, ENS, and more. The full list of the projects C 4 has audited can be found here. For more details about how Code 4 rena found 2 high severity vulnerabilities in OpenSea’s Seaport smart contracts read this story. 16 projects that are part of the Optimism ecosystem have trusted Code 4 rena to help secure their code. Relevant usage metrics: 500 + high-severity vulnerabilities found 90 + wardens competing per competition on average 150 + audit contests on Code 4 rena so far $ 6 . 5 M+ in rewards paid We keep growing. According to our latest update on Nov 29 2022 : 685 unique high-security vulnerabilities were found + awarded ( 20 more from last month, 113 more from 3 months ago) 321 wardens are contributing high-risk findings ( 40 more from last month; 104 more from 3 months ago) Code 4 rena has evolved into one of the biggest and most open security communities in Web 3 . Our community involves founders, developers, security experts and enthusiasts: 6581 Community members 2660 Wardens 253 Certified wardens Competitors, peers, or similar projects: Code 4 rena has pioneered the alternative auditing landscape. While other players like Sherlock, our depth of experience iterating and improving on competitive audits allows us to offer consistently high-quality services while at the same time adapting quickly to new requirements. Is/will this project be open-sourced? Code 4 rena offers public and private audits. All the reports of our public audits can be found here. Optimism native?: Code 4 rena is chain-agnostic Date of deployment/expected deployment on Optimism: N/A Ecosystem Value Proposition: What is the problem statement this proposal hopes to solve for the Optimism ecosystem? The Optimism ecosystem aims to grow quickly but many times within crypto, we’ve seen how rapid growth is not sustainable unless there’s a security-first approach. Traditional smart contract audits incur a hefty cost both financially and chronologically. How does your proposal offer a value proposition solving the above problem? Code 4 rena’s competitive audits can be started within 48 hours, have flexible costs, and provide significantly higher coverage, helping teams that want to deploy on Optimism go to market quickly and safely. The Code 4 rena team plans to use this grant to support the projects that are on Optimism, or plan to launch on Optimism, with their security needs. Why will this solution be a source of growth for the Optimism ecosystem? Security is essential for growth. Preventing costly multimillion-dollar hacks and ensuring that Optimism projects have access to fast and reliable security services promotes sustainable growth and solidifies a prestigious reputation. If projects in the Optimism ecosystem establish a reputation for being secure, this will give users more confidence and lead to greater adoption. Has your project previously applied for an OP grant? No Number of OP tokens requested: 750 , 000 OP Did the project apply for or receive OP tokens through the Foundation Partner Fund?: No If OP tokens were requested from the Foundation Partner Fund, what was the amount?: N/A How much will your project match in co-incentives?: N/A Proposal for token distribution: How will the OP tokens be distributed? The purpose of this grant is to incentivize more projects to securely deploy on Optimism. A portion of tokens will be used to subsidize security audit competition pools sponsored by projects that will be deploying on Optimism for the first time. Another portion of tokens will be used to subsidize security audit competition pools for projects that have already deployed on Optimism but want to secure new upgrades or features before launching to production. The final portion of tokens will be used to create awareness around the grant, the incentives, and Optimism’s dedication to security. This entails marketing costs related to PR, sponsored content, and paid media. Percentage breakdown 33 , 3 % of the total amount of the grant to be transferred to Code 4 rena on a quarterly basis until the total amount of the grant has been received (three quarters in total). The 33 , 3 % of the grant tokens received each quarter will be allocated in the following manner: 40 % of tokens received will be used to subsidize security auditing costs for existing projects in the Optimism ecosystem, 40 % to subsidize security auditing costs for projects planning to launch on Optimism, and 20 % for marketing the initiative. The security grant will subsidize 30 % of the competitive audit cost with a cap of $ 25 , 000 so that as many projects as possible can benefit from the grant. As a reference point, all the price pools of the competitive audits are listed here: https://code 4 rena.com/contests Over what period of time will the tokens be distributed for each initiative? Shorter timelines are preferable to longer timelines. Shorter timelines (on the order of weeks) allow teams to quickly demonstrate achievement of milestones, better facilitating additional grants via subsequent proposals. 33 . 3 % of the total grant is to be distributed on a quarterly basis to Code 4 rena until 100 % of the grant has been received. Because security auditing competitions take more time to complete than other initiatives, we’d be better equipped to demonstrate results on a quarterly basis. Please clearly define the milestones you expect to achieve in order to receive milestone-based installments. Please consider how each milestone relates to incentivizing sustainable usage and liquidity on Optimism. Progress towards each milestone must be trackable. This is a service-based proposal. Milestones and their implementation are trackable and straightforward. The grant should subsidize 30 % of the total audit cost for each project that applies. Following estimates are calculated based on previous code 4 rena data: Q 1 - 250 . 000 OP 100 . 000 on existing projects on Optimism 100 . 000 on projects that plan to launch on Optimism 50 . 000 to co-marketing initiatives Avg number of projects benefiting from the grant: 10 - 21 * Q 2 - 250 . 000 OP 100 . 000 on existing projects on Optimism 100 . 000 on projects that plan to launch on Optimism 50 . 000 to co-marketing initiatives Avg number of projects benefiting from the grant: 10 - 21 Q 3 - 250 . 000 OP 100 . 000 on existing projects on Optimism 100 . 000 on projects that plan to launch on Optimism 50 . 000 to co-marketing initiatives Avg number of projects benefiting from the grant: 10 - 21 *Estimates were calculated based on potential market volatility Why will incentivized users and liquidity on Optimism remain after incentives dry up? Getting a security audit can be a challenge for projects with small treasuries. Code 4 rena will help projects save money and ensure a more secure product for Optimism ecosystem users to interact with. In this case, it’s the protocols that are being incentivized to onboard Optimism, which inevitably brings their users to Optimism with them. Please provide any additional information that will facilitate accountability: 0 xC 2 bc 2 F 890067 C 511215 f 9463 a 064221577 a 53 E 10
  Likes: 3 Replies: 0
  Likers: fractalvisions, elissawi2021, samslav
  No replies yet.
• [DRAFT] [GF: Phase 1 Proposal] Code4rena by Code4rena - No Role
  Posted on: Jan. 26, 2023, 3:56 p.m.
  Content: Project name: Code 4 rena Author name and contact info (please provide a reliable point of contact for the project): Etherean Twitter: https://twitter.com/_etherean Discord: Etherean# 7284 Vee Twitter: https://twitter.com/Vee 474 Discord: :crystal_ball: vee | C 4 # 6243 I understand that I will be required to provide additional KYC information to the Optimism Foundation to receive this grant: Yes I understand that I will be expected to following the public grant reporting requirements outlined here: Yes L 2 recipient address: 0 xC 2 bc 2 F 890067 C 511215 f 9463 a 064221577 a 53 E 10 Grant category: Governance Fund Phase 1 Which Voting Cycle are you applying for?: Cycle 10 Which sub-committee should review your proposal? Growth Experiment Grants Project description (please explain how your project works): Code 4 rena is a smart contract auditing platform that helps projects find more bugs faster than any other method. C 4 ’s competitive audits have changed the web 3 security space by providing a transparent and gamified alternative to traditional audits. Competitive audits involve three main players: sponsors, wardens, and judges. Sponsors create a prize pool to attract wardens. Wardens are security researchers who compete to find as many bugs as possible. Independent judges are seasoned community members who assess the findings and allocate shares of the prize pool to the wardens. To incentivize wardens, C 4 uses a unique scoring system, with two primary goals: reward participants for finding unique bugs and make the contest resistant to sybil attacks. Judges are incentivized to review findings and decide their severity, validity, and quality by receiving a share of the prize pool themselves. Project links: Website: code 4 rena.com Twitter: https://twitter.com/code 4 rena Discord/Discourse/Community: Code 4 rena Additional team member info: Sock - CEO Twitter: https://twitter.com/sockdrawermoney Discord: sockdrawermoney# 7095 Email: sock@code 4 rena.com Eric - COO Twitter: https://twitter.com/_ninek Discord: :t_rex: eric (ninek) | C 4 Email: eric@code 4 rena.com Growth Etherean Twitter: https://twitter.com/_etherean Discord: Etherean# 7284 Email: etherean@code 4 rena.com Vee Twitter: https://twitter.com/Vee 474 Discord: :crystal_ball: vee | C 4 # 6243 Email: vee@code 4 rena.com Please link to any previous projects the team has meaningfully contributed to: Since launching in early 2021 , Code 4 rena has been keeping bugs out of production for hundreds of protocols including industry leaders such as OpenSea, Aave, Sushi, ENS, and more. The full list of the projects C 4 has audited can be found here. For more details about how Code 4 rena found 2 high severity vulnerabilities in OpenSea’s Seaport smart contracts read this story. 16 projects that are part of the Optimism ecosystem have trusted Code 4 rena to help secure their code. Relevant usage metrics: 500 + high-severity vulnerabilities found 90 + wardens competing per competition on average 150 + audit contests on Code 4 rena so far $ 6 . 5 M+ in rewards paid We keep growing. According to our latest update on Nov 29 2022 : 685 unique high-security vulnerabilities were found + awarded ( 20 more from last month, 113 more from 3 months ago) 321 wardens are contributing high-risk findings ( 40 more from last month; 104 more from 3 months ago) Code 4 rena has evolved into one of the biggest and most open security communities in Web 3 . Our community involves founders, developers, security experts and enthusiasts: 6581 Community members 2660 Wardens 253 Certified wardens Competitors, peers, or similar projects: Code 4 rena has pioneered the alternative auditing landscape. While other players like Sherlock, our depth of experience iterating and improving on competitive audits allows us to offer consistently high-quality services while at the same time adapting quickly to new requirements. Is/will this project be open-sourced? Code 4 rena offers public and private audits. All the reports of our public audits can be found here. Optimism native?: Code 4 rena is chain-agnostic Date of deployment/expected deployment on Optimism: N/A Ecosystem Value Proposition: What is the problem statement this proposal hopes to solve for the Optimism ecosystem? The Optimism ecosystem aims to grow quickly but many times within crypto, we’ve seen how rapid growth is not sustainable unless there’s a security-first approach. Traditional smart contract audits incur a hefty cost both financially and chronologically. How does your proposal offer a value proposition solving the above problem? Code 4 rena’s competitive audits can be started within 48 hours, have flexible costs, and provide significantly higher coverage, helping teams that want to deploy on Optimism go to market quickly and safely. The Code 4 rena team plans to use this grant to support the projects that are on Optimism, or plan to launch on Optimism, with their security needs. Why will this solution be a source of growth for the Optimism ecosystem? Security is essential for growth. Preventing costly multimillion-dollar hacks and ensuring that Optimism projects have access to fast and reliable security services promotes sustainable growth and solidifies a prestigious reputation. If projects in the Optimism ecosystem establish a reputation for being secure, this will give users more confidence and lead to greater adoption. Has your project previously applied for an OP grant? No Number of OP tokens requested: 750 , 000 OP Did the project apply for or receive OP tokens through the Foundation Partner Fund?: No If OP tokens were requested from the Foundation Partner Fund, what was the amount?: N/A How much will your project match in co-incentives?: N/A Proposal for token distribution: How will the OP tokens be distributed? The purpose of this grant is to incentivize more projects to securely deploy on Optimism. A portion of tokens will be used to subsidize security audit competition pools sponsored by projects that will be deploying on Optimism for the first time. Another portion of tokens will be used to subsidize security audit competition pools for projects that have already deployed on Optimism but want to secure new upgrades or features before launching to production. The final portion of tokens will be used to create awareness around the grant, the incentives, and Optimism’s dedication to security. This entails marketing costs related to PR, sponsored content, and paid media. Percentage breakdown 33 , 3 % of the total amount of the grant to be transferred to Code 4 rena on a quarterly basis until the total amount of the grant has been received (three quarters in total). The 33 , 3 % of the grant tokens received each quarter will be allocated in the following manner: 40 % of tokens received will be used to subsidize security auditing costs for existing projects in the Optimism ecosystem, 40 % to subsidize security auditing costs for projects planning to launch on Optimism, and 20 % for marketing the initiative. The security grant will subsidize 30 % of the competitive audit cost with a cap of $ 25 , 000 so that as many projects as possible can benefit from the grant. As a reference point, all the price pools of the competitive audits are listed here: https://code 4 rena.com/contests Over what period of time will the tokens be distributed for each initiative? Shorter timelines are preferable to longer timelines. Shorter timelines (on the order of weeks) allow teams to quickly demonstrate achievement of milestones, better facilitating additional grants via subsequent proposals. 33 . 3 % of the total grant is to be distributed on a quarterly basis to Code 4 rena until 100 % of the grant has been received. Because security auditing competitions take more time to complete than other initiatives, we’d be better equipped to demonstrate results on a quarterly basis. Please clearly define the milestones you expect to achieve in order to receive milestone-based installments. Please consider how each milestone relates to incentivizing sustainable usage and liquidity on Optimism. Progress towards each milestone must be trackable. This is a service-based proposal. Milestones and their implementation are trackable and straightforward. The grant should subsidize 30 % of the total audit cost for each project that applies. Following estimates are calculated based on previous code 4 rena data: Q 1 - 250 . 000 OP 100 . 000 on existing projects on Optimism 100 . 000 on projects that plan to launch on Optimism 50 . 000 to co-marketing initiatives Avg number of projects benefiting from the grant: 10 - 21 * Q 2 - 250 . 000 OP 100 . 000 on existing projects on Optimism 100 . 000 on projects that plan to launch on Optimism 50 . 000 to co-marketing initiatives Avg number of projects benefiting from the grant: 10 - 21 Q 3 - 250 . 000 OP 100 . 000 on existing projects on Optimism 100 . 000 on projects that plan to launch on Optimism 50 . 000 to co-marketing initiatives Avg number of projects benefiting from the grant: 10 - 21 *Estimates were calculated based on potential market volatility Why will incentivized users and liquidity on Optimism remain after incentives dry up? Getting a security audit can be a challenge for projects with small treasuries. Code 4 rena will help projects save money and ensure a more secure product for Optimism ecosystem users to interact with. In this case, it’s the protocols that are being incentivized to onboard Optimism, which inevitably brings their users to Optimism with them. Please provide any additional information that will facilitate accountability: 0 xC 2 bc 2 F 890067 C 511215 f 9463 a 064221577 a 53 E 10
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• Protocol Delegation Self-Nominations by Code4rena - No Role
  Posted on: Jan. 10, 2023, 7:52 a.m.
  Content: Protocol name: Code 4 rena Name of protocol representative(s) that will serve as delegate(s): Vee, Etherean Link to [delegate commitment 18 ] (Delegate Commitments 2 ): (Delegate Commitments - # 176 by Code 4 rena 4 ) Is your protocol OP Native?: N/A Code 4 rena is chain agnostic. We have secured a number of Optimism ecosystem projects like Velodrome, Pooltogether and Alchemix. Was your protocol active in Optimism governance prior to 12 / 5 / 22 ?: No If so, please link to voting history (ie. Snapshot profile, delegate communication thread, twitter threads, etc.): N/A Why do you want to participate in this program?: The future of the industry depends on scaling Ethereum and Optimism provides the necessary infrastructure for applications to create new products and public goods that can drive significant adoption to the space. We aim to play a significant role in the sustainable growth of the space by securing the Optimism ecosystem. Why do you believe your protocol would be a good steward of the Optimism ecosystem?: Code 4 rena was built as an open and collaborative organization, pioneering an alternative model to the opaque traditional security auditing space. The C 4 community consists of world-class security researchers and industry-leading projects who sponsor, judge, and compete to keep crypto applications secure while sharing their findings publicly. As stewards of the Optimism ecosystem, we would take a security-first approach to governance. Do you agree to abide by the delegate code of conduct: Yes Please list any anticipated conflicts of interest: We do not spot any conflicts of interest.
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• Delegate Commitments [OLD] by Code4rena - No Role
  Posted on: Jan. 10, 2023, 7:39 a.m.
  Content: Name: Code 4 rena team Address or ENS: 0 xC 2 bc 2 F 890067 C 511215 f 9463 a 064221577 a 53 E 10 Discord username: :crystal_ball: vee | C 4 # 6243 , Etherean# 7284 Verification (Tally profile or tweet): tweet, tally profile 1 I have read and understood the Delegate Commitment Process: Yes I understand that becoming a delegate is a significant commitment: Yes My reasons for wanting to be a delegate: Code 4 rena is an open organization with a mission to make the crypto space more secure. We feel deeply aligned with the Optimism vision. Governing an open organization in an effective way is not easy. We know from our own experience. Optimism has worked with tremendous commitment towards creating an effective governance model. We are keen to share what we have learned from past successes and pitfalls alongside our expertise on security in order to help develop and drive growth to the entire ecosystem. My view on the Optimistic Vision 138 : impact=profit. We are in a unique position in history where we have the chance to disrupt existing norms around growth and profit and Optimism has the potential to become one of the main players driving change. Value-aligned. Code 4 rena’s model was built on the notion that security is a collaborative, community effort. Code 4 rena pioneered new mechanisms in the security auditing space that have led to more efficient timeframes, and higher coverage making us one of the biggest security communities on Ethereum. We’re proud of the resources we’ve been able to create for security researchers and developers making it clear that impact=profit. My view on the first three articles of the Working Constitution: Honest and logical. We are all sailing in uncharted territories where there are no fixed solutions and definite answers. Introducing a working constitution with room for experimentation is in our opinion one of Optimism’s biggest strengths. It takes time, self-organization, feedback, a humble mentality, and commitment to run an initiative like this and shows a long-term commitment and vision. Introducing the widely used and tested bicameral governance system is a good step towards effective governance and balance between tactics and strategy. We are excited to see and potentially help come up with upgraded iterations of this model based on feedback and observations so far. We firmly believe in one innovation at a time. Systems take a long time to mature, especially in rapidly moving environments, for this reason, the involvement of the Foundation is necessary. My Web 3 interests: DAOs, Developer tools, Governance, Infrastructure, Privacy, Security, Social impact Languages I speak and write: En, fr, de, el, sp My skills and areas of expertise: Our team has a wide and diverse background in areas such as security, mechanism design, governance, management and politics. My favorite Web 3 projects: Pooltogether Foundation Juicebox
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• Protocol Delegation Self-Nominations by Code4rena - No Role
  Posted on: Jan. 10, 2023, 2:52 a.m.
  Content: Protocol name: Code 4 rena Name of protocol representative(s) that will serve as delegate(s): Vee, Etherean Link to [delegate commitment 18 ] (Delegate Commitments 2 ): (Delegate Commitments - # 176 by Code 4 rena 4 ) Is your protocol OP Native?: N/A Code 4 rena is chain agnostic. We have secured a number of Optimism ecosystem projects like Velodrome, Pooltogether and Alchemix. Was your protocol active in Optimism governance prior to 12 / 5 / 22 ?: No If so, please link to voting history (ie. Snapshot profile, delegate communication thread, twitter threads, etc.): N/A Why do you want to participate in this program?: The future of the industry depends on scaling Ethereum and Optimism provides the necessary infrastructure for applications to create new products and public goods that can drive significant adoption to the space. We aim to play a significant role in the sustainable growth of the space by securing the Optimism ecosystem. Why do you believe your protocol would be a good steward of the Optimism ecosystem?: Code 4 rena was built as an open and collaborative organization, pioneering an alternative model to the opaque traditional security auditing space. The C 4 community consists of world-class security researchers and industry-leading projects who sponsor, judge, and compete to keep crypto applications secure while sharing their findings publicly. As stewards of the Optimism ecosystem, we would take a security-first approach to governance. Do you agree to abide by the delegate code of conduct: Yes Please list any anticipated conflicts of interest: We do not spot any conflicts of interest.
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• Protocol Delegation Self-Nominations by Code4rena - No Role
  Posted on: Jan. 10, 2023, 2:52 a.m.
  Content: Protocol name: Code 4 rena Name of protocol representative(s) that will serve as delegate(s): Vee, Etherean Link to [delegate commitment 18 ] (Delegate Commitments): (Delegate Commitments - # 176 by Code 4 rena) Is your protocol OP Native?: N/A Code 4 rena is chain agnostic. We have secured a number of Optimism ecosystem projects like Velodrome, Pooltogether and Alchemix. Was your protocol active in Optimism governance prior to 12 / 5 / 22 ?: No If so, please link to voting history (ie. Snapshot profile, delegate communication thread, twitter threads, etc.): N/A Why do you want to participate in this program?: The future of the industry depends on scaling Ethereum and Optimism provides the necessary infrastructure for applications to create new products and public goods that can drive significant adoption to the space. We aim to play a significant role in the sustainable growth of the space by securing the Optimism ecosystem. Why do you believe your protocol would be a good steward of the Optimism ecosystem?: Code 4 rena was built as an open and collaborative organization, pioneering an alternative model to the opaque traditional security auditing space. The C 4 community consists of world-class security researchers and industry-leading projects who sponsor, judge, and compete to keep crypto applications secure while sharing their findings publicly. As stewards of the Optimism ecosystem, we would take a security-first approach to governance. Do you agree to abide by the delegate code of conduct: Yes Please list any anticipated conflicts of interest: We do not spot any conflicts of interest.
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