Hey @0xDanko - Thanks for reviewing!
so we’d propose changing the OFAC sanctions reference to be global including UK/EU
- Yes we can change the Identity Verification & Diligence Requirements! Would this modification look good?
- Identity Verification: Named
- Whitehats must provide their full legal name. This requirement ensures compliance with legal obligations and is similar to the identity verification standards seen in traditional bug bounty programs.
- Diligence Requirements: KYC & Global Sanction Verification
- Balancer requires all eligible whitehats to undergo Know Your Customer (KYC) verification and be screened against global sanctions lists, including OFAC, UK, and EU regulations. This process ensures that all bounty recipients are compliant with legal and regulatory standards before qualifying for payment.
changing arbitration from Singapore to Cayman Islands
- SEAL would like to keep the Whitehat Safe Harbor Agreement unchanged so it’s a standard that all protocols can adopt. This makes it easy for whitehats to not need to re-read the legal agreements of each protocol. So we can’t change the arbitration location. Happy to introduce you someone from our legal team to discuss this!
I also recommend in the proposal you should add something about the Safe Harbour (and the Whitehats) to abide to the Balancer DAO’s accountability guidelines
- Got it! We can add this section to the DAO proposal:
The Safe Harbor Agreement and all whitehat actions will abide by Balancer DAO’s Accountability Guidelines.
that a final compliance and legal review of the agreement is still pending
- And I’ll just add another sentence after (3)
Please note that a final compliance and legal review of the agreement is still pending and will be completed before the proposal’s on-chain adoption.