This proposal has my support.
With Jito’s increasingly growing importance, it is critical that security researchers are properly incentivized to bring forth any vulnerabilities found in any current or future protocols.
The proposal lays out clear guidelines for the bounty redemption process, and it is helpful that an upper-bound is established in both USD and JTO.
Going forward, it may make sense as part of a larger treasury diversification strategy to pay out bounties in USDC or another stablecoin, as the news of a material protocol vulnerability would likely impact JTO markets, thus having to pay out a higher amount in the protocol’s native currency.
The proposal is well written and clear with its intention, leaving no other open questions from my end. Thank you to Asymmetric Research for bringing this forward!