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Spearbit

Project

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Industry-leading web3 security for industry-leading protocols

Appears in
32 ballots

Contribution

Spearbit is dedicated to providing the absolute highest quality of security services to the Optimism ecosystem. We’ve worked directly with the OP team to review crucial components such as: • Drippie (OP's native trust-minimized conditional transaction system) • Optimism's RLP implementation • The Bedrock upgrade Spearbit has also provided security reviews for major protocols on OP such as: • BASE • Velodrome Spearbit has also performed a pro-bono security review of one of OP's most utilized libraries, Solady, which aims to provide gas-optimized Solidity utilities. In line with our commitment to public goods like Solady, we promise to allocate all RetroPGF grants to future public goods security reviews in the OP ecosystem with the absolute best web3 security talent there is. 🔴✨

Impact

Through performing multiple high-priority security reviews for comprehensive bug coverage on core projects being built on Optimism as well as directly evaluating the security posture of the Optimism protocol itself, Spearbit has aided in securing 840M TVL at the time of reviews. Spearbit and its security researchers have reviewed over 10,000+ lines of complex and mission-critical code across the Optimism ecosystem. As a result, Spearbit and its security researchers have identified: • 1 Critical • 9 Highs • 32 Mediums There have been 0 exploits from Spearbit security reviews on reviewed portions of the Optimism protocol and relevant projects building on Optimism since the completion of Spearbit security assessments.

Funding sources

Governance fund
Season 4 RFG - https://gov.optimism.io/t/season-4-grants-rfg-roundup/6859
400,000.00 OP
Governance fund
Bug Bounty Program with Immunefi
100,000.00 OP