Requested bounty: **540,000 DOT**

The subject of this proposal is to set up a bounty which will be used to help selected Polkadot parachains undergo rigorous audit procedures. 

The primary goal of the proposal is to contribute to an overall greater level of security in the Polkadot ecosystem. Its secondary goal is to establish a pool of high-quality auditing companies specialized in Rust (specifically Substrate pallets and ink! smart contracts) which, over time, will help make audits more accessible for the whole Polkadot ecosystem, and make Substrate more attractive to new builders.

This proposal is brought forward by the Polkadot Assurance Legion (PAL) - a security governance club comprising the following parachain teams: HydraDX, Interlay, Astar Network, Manta Network, Acala, Centrifuge, Zeitgeist and Equilibrium.

Payouts via the bounty mechanism are open to any Polkadot parachain, subject to a set of eligibility criteria and criteria for determining priority.

The bounty will be managed by 7 curators who are well known within the Substrate community for their expertise in Rust development and security.

Full proposal:
[https://docs.google.com/document/d/1I1vXSG6mjeeulKmRbG4lrERtqVGwHNyDR9pVE4wSQvI/edit#heading=h.30vpm6dndo0i](https://docs.google.com/document/d/1I1vXSG6mjeeulKmRbG4lrERtqVGwHNyDR9pVE4wSQvI/edit#heading=h.30vpm6dndo0i)

### Polkadot Bounty Proposal Summary

- **Bounty Amount:** 540,000 DOT
- **Purpose:** To fund audits for selected Polkadot parachains, enhancing security in the Polkadot ecosystem.
- **Secondary Goal:** Establish a pool of high-quality Rust auditing companies, making audits more accessible and Substrate more attractive to new builders.
- **Proposers:** Polkadot Assurance Legion (PAL), a security governance club including teams like HydraDX, Interlay, Astar Network, Manta Network, Acala, Centrifuge, Zeitgeist, and Equilibrium.
- **Eligibility:** Any Polkadot parachain can apply, subject to eligibility and priority criteria.
- **Management:** The bounty will be overseen by 7 curators with expertise in Rust development and security.
- **Full Proposal:** [Link to Full Proposal](https://docs.google.com/document/d/1I1vXSG6mjeeulKmRbG4lrERtqVGwHNyDR9pVE4wSQvI/edit#heading=h.30vpm6dndo0i)

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Polkadot Assurance Legion proposes a bounty of 540,000 DOT to help selected Polkadot parachains undergo rigorous audit procedures, with the primary goal of contributing to greater security in the ecosystem. The bounty will be managed by 7 curators and is open to any Polkadot parachain, subject to eligibility criteria and priority determination. The secondary goal is to establish a pool of high-quality auditing companies specialized in Rust. Full proposal: [https://docs.google.com/document/d/1I1vXSG6mjeeulKmRbG4lrERtqVGwHNyDR9pVE4wSQvI/edit#heading=h.30vpm6dndo0i](https://docs.google.com/document/d/1I1vXSG6mjeeulKmRbG4lrERtqVGwHNyDR9pVE4wSQvI/edit#heading=h.30vpm6dndo0i)

Approve Polkadot Assurance Legion Bounty

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Origin able to spend up to 1,000,000 DOT from the treasury at once.