TechFlow, July 28 — According to The Block, the Arbitrum Foundation announced it will launch a cybersecurity audit subsidy program following approval from the ArbitrumDAO proposal. The program will distribute 30 million ARB tokens (approximately $14 million) over 12 months to fund smart contract security audits for blockchain projects built on the Arbitrum network.
The program primarily targets two types of projects: early-stage projects with product-market fit and mature projects planning major upgrades. Participating projects must use security audit firms from a pre-approved list, which will be released this week.
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