Original forum proposal: https://tinyurl.com/43ed8sxt

Authors: @Crypterist , @patb

Summary

Pay for security assistance rendered by Hacxyk. Retain them for a 3 month period for security services.

Background

Inverse needs to further instill trust within our community following the Apr 2, 2022 price manipulation incident. Including third parties in improving security and reliability of our products will be a renewed focus for Inverse Finance going forward.

Proposal

We have identified and interviewed a third party security consulting firm, Hacxyk, to assist us on an ongoing basis in reviewing front end code, oracles, and other security policies in order to augment our own in-house security expertise. Hacxyk has already identified areas for improvement in our security operations following our call for community involvement after April 2, 2022 and we believe that this firm can perform needed reviews and make non-software recommendations which will reduce our security attack surfaces.

We propose retaining Hacxyk on a part-time (average of 50 hours per month) at a rate of $10,000 per month for three months in addition to a one-time payment of $20,000 for assisting us during the month of April following the price manipulation incident of April 2nd. (Total of $50,000)