Will be voting against of this, nature of onchian voting cant be reversed so making it visible so that others can chime in if they have any query on my voting rational.
- Bigger project, like velo, with their own token should support and fund their audit from their own treasury. On going development support is one of main reason to have a project native token, which they already have.
As mentioned by @hen above, bug bounties are cost incentive and large amount of funds are needed, so I would rather support projects in incubation with no treasury or token.
And not directly related to this proposal but velodrome already has a 200K bug bounty program with immunefi.
Edit 1- In order not spam the thread, i will update my initial comment to provide more information from my side.
3% of token emission was reserved for continuous development, below text snippet as part of official token-economics. This is why I believe team should sponsor their own audit.
"To cover ongoing expenses and all the upcoming development efforts, 3% of the emissions will be going to the team address."
Fro defiLlama we can also see the current status of token vesting schedule.
