Monthly Initiative Update:

• We have successfully completed all the milestones of the Palmera Obra Proposal SEP 25 for the audit competition with Hats Finance. The competition saw active participation, with over 35 auditors and 101 total submissions, resulting in 29 valid findings. We are now diligently working on fixing these reported bugs and preparing comprehensive documentation to enable the Safe community to effectively utilize the Palmera Module.

Key Highlights of the Month:

• Completed all milestones for the audit competition with Hats Finance.
• Over 35 auditors participated, with 101 total submissions.
• Began fixing reported bugs and preparing documentation for Safe community use.
• Start the implementation in Palmera UI.

Thank you for your continued support and stay tuned for more updates!

Milestones Reached:

Milestone I: Audit Set-Up

• Strategic Overview:
  • Palmera set up the audit competition vault as described in the proposal and help Hats Finance promote it the security researcher for maximum participation
• Deliverable:
  • Audit competition has been successfully set: https://app.hats.finance/audit-competitions/palmera-0x5fee7541ddcd51ba9f4af606f87b2c42eea655be/rewards
  • Competition vault has been funded (25k USDC) by Palmera as the grant does not allowed early access of the funds
  • Palmera module contract code has been open to the public. See here.
• Timeline: 1 Week. (June 17 to June 23)
• Status: Completed

Milestone II: Competition

• Strategic Overview: Describe the milestone and it’s role in contributing to the overarching OBRA Strategy.
  • Preliminary Winners: The winners with valid submissions at the audit competition will be announced and the dispute period will start
• Deliverable:
  • Official report on the results from the competition.
  • Stats about how many bugs were found and their severity
• Timeline:
  • 2 Week (From July 8 to July 22)
  • Status: Completed
• Preliminary Winners: The winners with valid submissions at the audit competition were announced and the dispute period will start
• Strategic Overview:
  • Competition: Palmera team review, classified and label all the submissions, and answer the questions of security researchers in the process
• Deliverable:
  • The Audit competition ended on July 8th. See details here.
  • 2 Top auditors from Hats finance (0xRizwan and Mahdirostami) were chosen as lead auditors for the competition. https://app.hats.finance/leaderboard
  • We had more than 35 auditors auditing the contract
• Timeline:
  • 2 Weeks: Competition scheduled from June 24 to July 8.
  • Status: Completed . https://app.hats.finance/audit-competitions/palmera-0x5fee7541ddcd51ba9f4af606f87b2c42eea655be/rewards
  • https://github.com/hats-finance/Palmera-0x5fee7541ddcd51ba9f4af606f87b2c42eea655be/issues
  • https://x.com/HatsFinance/status/1813513878158151930