[PROPOSAL #954][PASSED] Permissionless ICS 3rd Party Audit

Authors: Simply Staking TL;DR - Simply Staking will commission Zellic to conduct a third-party audit of the Permissionless ICS feature. This will follow a similar format and process as our third-party audit conducted last year on Replicated Security ( Prop 687 ) and this year on Hydro ( Prop 927 ), and Interchain Security (ICS) using the Inactive Validator Set ( Prop 943 ) Background This proposal aims to use community pool funds to commission a third-party audit for Permissionless ICS. Permissionless ICS will allow anyone to create an opt-in consumer chain, without a governance proposal. This will allow chains to launch more quickly and with less friction. For more information, we advise you to review the CHIPs forum post . As we saw in one of our proposals regarding an audit of key Cosmos Infrastructure (ICS) in Proposal #687 , it Is always key to get a second set (or more) of auditors who had no involvement in the designing and building of the code to audit the codebase. This will allow for unbiased vulnerabilities to be disclosed (if any). Details of Funding Request Zellic, one of the most reputable auditors in the space, will conduct this audit. With the audit…

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@Damien you might wanna update the post to reflect it’s on chain, and entered voting period.

Respectfully, these are my thoughts on #954 . NO to Cosmos Hub Proposal #954 The failure to include critical security audits in #839 ’s original budgeting represents a material oversight by Informal and Hypha teams. Approving supplementary funding sets a bad precedent, and also undermines the touted “direct accountability mechanisms” through which #839 was sold to Hub governance. #Cosmos Hub should reject #954 and require the dev teams to fulfill their obligations within the originally allocated budget. If additional funding is absolutely necessary, the teams should approach the ICF, the Hub has already funded another supplementary request from Informal and Hypha this month (!) via proposal #943 passing: Mintscan This action will reinforce the Hub’s commitment to fiscal responsibility, professional standards, and real accountability for teams that receive its CP funds. BACKGROUND A. Proposal #839 , approved 11/2023, allocated $5.7 million for Cosmos Hub development in 2024, including Interchain Security (ICS) work by Informal and Hypha. B. Funding for Proposal #839 was not solely from the Cosmos Hub: • The ICF contributed by transferring 341,693 $ATOM…

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