DAOnizing Web3 Security
summary
Claims that DAOs can remove auditing friction and outlines concrete mechanisms: an on‑chain protocol (open source "Tower") that runs audit competitions via vaults, pays only finders, and uses decentralized arbitration; token‑based incentives like an Initial Audit Offering and vesting allocations to auditors; composable back bounties that route ~10% liquidity downward to protect dependencies; a proposed common‑good staking tap (0.1% yield could raise ~$14M) and a security committee model with limited sensitive access. Cites Hats.finance / The DAOist experience and argues EF’s $250k max bounty is too small.
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chapters (12)
- 0:00DAO security introduction
- 1:26Risk across blockchain layers
- 3:12Mitigating security risks
- 4:13Crowdsourcing audits with tokens
- 7:01Initial audit offerings
- 8:03On-chain audit competitions
- 9:48Liquidity versus researcher pay
- 11:11Composable bug bounties
- 12:55Common good staking
- 14:16Decentralized security committees
- 16:24Secure DAO launch example
- 17:05Q&A
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