The Arbitrum Foundation's new Audit Program will distribute ARB tokens to subsidize smart contract audits, promoting enhanced security for blockchain projects.
The Arbitrum Foundation plans to allocate $14 million in ARB tokens to subsidize security audits for blockchain projects on its network. This initiative, approved by Arbitrum DAO, will distribute 30 million ARB tokens over the next 12 months, focusing on early-stage projects and teams planning major upgrades. A supervisory committee will oversee the process, with projects required to select audit firms from a pre-qualified list, to be announced soon.