PGP-26 l Protocol Fees Computation Audit Retroactive Funding

Governance Proposal (PGP)
1

Summary:

This proposal aims to retroactively fund Mimo Labs for the audit of PIP-39 l Protocol Fees Computation Update, following the successful deployment of it.

Rationale:

Back in November 2024 Cooper Labs detected a bug related to the fees generated by the protocol are calculated. This was linked to the way the bridging module works.

In agreement with Cooper Labs, we decided to cover the costs of the audit prior to the approval and production deployment of the fix. The audit was conducted by Bail Security, for a total cost of $17,000. Audit Report can be found here and Audit Invoice here.

Following the successful implementation of the fix, we are requesting the DAO to reimburse the costs of the audit for an amount of $17,000.

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: $17,000 worth of PAR/paUSD/USDC on Ethereum.

Technical implementation:

  • On Ethereum:
    • The DAO Multisig will transfer $17,000 worth of PAR/paUSD/USDC 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
2

The proposal is now live on Snapshot from April 23th at 10pm CET until April 30th at 10pm CET: https://snapshot.box/#/s:mimo.eth/proposal/0xe727a41be6eb30de89c93da0b24daaa83791a6d6999eb26fc8f2b6060ff5a6cc