AIP-9 - Boring Security
HIGHLIGHTS:
Author: Feld4014 & Boring Security - www.boringsecurity.com 50
ABSTRACT
This document outlines the Boring Security Mission statement and alignment with the greater BAYC and NFT community. In order to grow the pie, we must first secure the crust, and protect the gooey insides from malicious actors.
MOTIVATION
The Boring Security DAO has tracked over $50mm worth of hacked/scammed NFTs in the space and has attributed it largely to lack of awareness and education on the NFT communities’ part. There have been no large-scale vendor neutral efforts in the space to educate, inform, and provide timely updates such that the community can make better informed risk decisions with their capital and NFTs.
RATIONALE
With BAYC holders being the largest target for hackers/scammers, the DAO will face unique challenges over the coming months and years as it pertains to Security. Bringing a whole slew of new users into DeFi primitives, they will face even more challenges in ensuring the safety of their coins, NFTs, and digital assets more broadly. As the ecosystem evolves and web3 integrations become more prevalent, getting a BAYC holder to sign a potentially malicious transaction will be the holy grail of exploits, and one that should concern this DAO greatly.
Overall Cost:
We are requesting 6969 apecoin to help facilitate our first 3-6 months of operations. This fund will be used to compensate volunteers and contributors towards DAO efforts using coordinape. The Coordinape Circle “Boring Security” that will govern DAO compensation and our ‘deliverables’ channel in Discord will be auditable by all members of the Bored. The allocations of apecoin will be voted on by contributors (a small list of core contributors are listed above).
