PGP-23 l Bridging Module Audit Retroactive Funding

Governance Proposal (PGP) Approved PGPs
1

Summary:

This proposal aims to retroactively fund Mimo Labs for the audit of Tunnel, the Parallel Bridging Module, following the successful deployment of it.

Rationale:

A few weeks ago Cooper Labs introduced Tunnel, the Parallel Bridging Module. In agreement with Cooper Labs, we decided to cover the costs of the audit prior to the approval and production deployment of the bridging module. The audit was conducted by Bail Security, for a total cost of $15,000.

Following the successful implementation of the bridging module, we are requesting the DAO to reimburse the costs of the audit for an amount of $15,000.

Note: Mimo Labs does not make any profit from this reimbursement.

Means:

  • Human Resources: Multisigners will need to sign and execute transactions to retroactively fund Mimo Labs.
  • Treasury Resources: $15,000 worth of PAR on Ethereum.

Technical implementation:

  • On Ethereum:
    • The DAO Multisig will transfer $15,000 worth of PAR to 0xA804F6b4b6d0d9644811b45fe7eA389928786430 (Mimo Labs)

Voting options:

  • For the retroactive funding
  • Against / Rework the Proposal
  • Abstain

Authors: Mimo Labs

Community poll:

  • For the retroactive funding
  • Against / Rework the Proposal
  • Abstain
0 voters
1 Like
2

Awesome that mimo labs did this . :muscle:.
Is it weird to ask for a receipt? I trust everyone at his blue eyes. But I prefer facts above trust. It is DAO money we are talking about.

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Enclosed is the invoice, we have only hidden the addresses for privacy reasons.

40-16.7.24 -Parallel Protocol Invoice-1
40-16.7.24 -Parallel Protocol Invoice-11654×2339 157 KB

1 Like
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The proposal is now live on Snapshot from November 27th at 3pm CET until December 4th at 3pm CET: Snapshot

1 Like
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The proposal has been approved by the DAO, result: Snapshot

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