After some discussion the Bug Bounty Management team would like to add a new tier to our existing bounty program. Please find the relevant text for a proposed OIP below.
**This OIP proposes adding the following language to the ImmuneFi Olympus Bug Bounty:
“Tier 4: The Bug Bounty Management team may from time to time, at its discretion, issue an award of up to $16,942.00 for submissions which do not qualify for bounties under other tiers, but which the team feels nonetheless are high effort, high quality, and of material use in improving Olympus’ codebase. Note that this bounty is not available to Olympus contributors, who should contact the Bug Bounty Management team directly for a bounty if they have found a bug or inefficiency that is within Olympus’ codebase but outside of their mandate as a contributor. Further note that this bounty will not be awarded regularly. It is meant only for extremely high quality submissions which have significant material impacts to Olympus. No person submitting a bounty should assume that they are entitled to this or will be awarded it, as the bar to qualify for it will be very high.”
And to approve its funding via the Treasury as needed.**
In the process of running the Olympus Bug Bounty through ImmuneFi, the Bug Bounty Management Team has received submissions which were high quality and of great use in improving Olympus’ codebase, but did not technically qualify for a Bounty under our existing tiers.
In order to provide incentive for coders both independent and within the DAO to continue making efforts to go above and beyond finding areas where the codebase can be improved, we propose adding a flexible ‘improvement tier’ to be awarded at the Bug Bounty Management team’s discretion.
Add the aforementioned language to the ImmuneFi Olympus Bug Bounty program, and authorize the Treasury to make payments of up to $18,636.20 ($16,9420 * 1.1, as ImmuneFi charges a 10% fee for accepted submissions) on an as needed basis in order to award appropriate submissions.