WATCHPUG has joined as a new ReportingDAO member!
Hi, InsureDAO community!
Today, we would like to introduce you to a new ReportingDAO member, WATCHPUG, the smart contract security team with the goal of elevating the security, privacy, and usability of the current DeFi ecosystem.
As a member of ReportingDAO, they will investigate and help decision-making whether or not to pay out when a certain incident happens.
About WATCHPUG
WATCHPUG is a team of web3 security professionals. As a smart contract auditor, the WatchPug team currently ranked #2 on the Code4rena leaderboard (#1 in 7/8 latest contests).
As a bug bounty hunter, WP has won over $0.5M bug bounty rewards in the past 3 months. They also served as a security contractor for multiple major protocols on mainnet and L2s, which collectively managed billions of funds.
As a security researcher, their incident reports have been cited many times by Rekt.news and other major crypto media.
Twitter: https://twitter.com/WatchPug_
Telegram: https://t.me/watchpug
About ReportingDAO
Here’s a brief overview regarding ReportingDAO.
ReportingDAO, a committee of security experts, is the third party judgment module making a decision whether to pay out when an incident occurs. A reporting member will be either selected or dismissed by our governance tokenholders.
We decide to delegate the decision-making on the payment to the ReportingDAO rather than tokenholders directly since we suppose that many tokenholders will be also underwriters at the same time and they may have an incentive to reject the payment.
For another Reporting member, you can read the following article:
Pessimistic has joined ReportingDAO as a new member!
Want to become a Reporting member?
We are looking for security experts, such as a code audit company, to be reporting members. By becoming a reporting member, you’ll earn trust from the crypto market as well as fees from reporting/assessing reports.
If you are interested in joining the ReportingDAO, please apply from the form below!
https://forms.gle/8Jwkao35kURvvmYW8
Also, you can DM us via Twitter or Discord😊
Twitter: https://twitter.com/insuredao
Discord: discord.gg/8BA5f5rurq
About InsureDAO
InsureDAO is a decentralized insurance protocol, allowing anyone to create an insurance pool easily to “Cover every single risk in DeFi space”. InsureDAO provides an insurance builder kit and insurance market. Additionally, we offer the lending function to INSURE token stakers. We will launch InsureDAO on Mainnet and Arbitrum this February.
Also, you can join us on Twitter, Discord, or Telegram! :)
Twitter: https://twitter.com/insuredao
Discord: discord.gg/8BA5f5rurq
Telegram: https://t.me/InsureDAO
