Balancer’s community approved a proposal to offer up to 10% as a bounty for information or returned assets tied to the decentralized automated market maker’s exploit in November, with the vote reaching quorum and passing in this round of governance.
Proposal BIP-908 passed unanimously in a Feb. 10 snapshot vote, with 100% of participants in favor and a quorum of 158%, although only nine votes were cast and a single vote represented over 76% of the total voting power.
The proposal, submitted by Balancer DAO executor Maxyz, sets the bounty at a maximum of 10% of the recovered value. It’s worth noting that the Balancer security team initially offered a 20% one-time whitehat bounty right after the hack, which this proposal cuts in half.
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