Background
Bend DAO has attracted 39K ETH TVL in 36 days. There are 350 bluechip NFTs collateralized in Bend. The NFT-backed loan volume keeps growing which is 7,500 ETH now.
Motivation
In addition to audit reports, Bug Bounty might be the best way to incentivize white hats to regularly search for bugs and potential vulnerabilities. To provide users an additional level of security, Bend DAO has launched a Bug Bounty Program on Immunefi.
Proposal
To allocate $1,500,000 worth of BEND tokens based on the IFO price from the Treasury Reserve for the Bug Bounty Program.
Specification
All BEND stakers are members of Bend DAO.
Pass Rate: Over 50% Agree
The voting will last for 2 days.
Airdrop & Staking
Claim your BEND: https://benddao.xyz
Join IFO to get BEND: https://www.benddao.xyz/app/fair-launch
Stake BEND for the voting power: https://benddao.xyz/app/dashboard/vebend-locking
Start Time: April 24th, 2022, 12:00 pm UTC
End Time: April 26th, 2022, 11:59 am UTC