Hi Community, @Zino, @LeonardC
Our team, the Revocation Committee received a request from the Grant Support Squad to discuss this case and make a decision in regards to the following proposal:
Building a Web3 Esports Epicentre in Decentraland
As a result of discussion and the final vote, we suggest that this grant should be REVOKED. (@HPrivakos @rizk @Tobik)
Voting Members:
Revocation Committee snapshot vote result:
Reasoning for revocation:
The points for revocation made by the GSS are as follows:
- Unclear project model
- Legal and compliance assurance
- Smart contract security concerns
- Brand new company asking for funds
We believe that points 2 & 3 are the most critical in this case therefore, we have chosen to focus primarily on these points in our assessment
We have heard from the grantee as well as the Security and Legal teams of DCL in this matter as we, the members of the Revocation Committee, do not feel qualified to make decisions based on legal and technical what-ifs.
In the case of point #2, Legal and compliance assurance, the grantee has done what has been asked of them to mitigate risks to the foundation and to Decentraland by taking legal responsibility for their choices by signing affidavits and indemnity letters.
In the case of point #3, Smart contract security concerns, the grantee’s contract was audited and then double checked by the DCL Security Team. The DCL Security team had problems with the code which then cast doubt upon the quality of the Audit. The grantee says the audit comes from a reliable and proven source and that it is out of budget to re-audit with a source that the DCL Security team trusts.
This, for us, is the major sticking point. As we are not experts in smart contracts, we find ourselves forced to rely on the recommendations of the DCL Security team who we feel is likely to understand code relating to DCL the best. In the case of any doubt, we feel it is more responsible to be cautious. Therefore we have decided to revoke this grant.
Further recommendations:
Our recommendation to the DAO Committee is to revoke the grant in its entirety. Our recommendation to the Grantee is to clarify any confusion regarding point #1, having an unclear project model, so the community fully understands what this project offers, also in terms of risks related to legal and security issues. Furthermore we recommend that if the Grantee wishes to reapply, they should earmark additional funds for a security Audit from one of the auditing bodies recommended by the DCL Security Team.
Thank you!
Revocation Committee