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.