Liquity V2 Redeployment Update and Audit Contest

We now have an updated timeline for the redeployment of Liquity V2!

Next Week: Publication of the updated and patched V2 codebase

March - April: Hosting of a multi-week audit competition

Q2: Redeployment of Liquity V2 on Mainnet

Since Liquity V2 will be deployed as an immutable protocol, it is of the utmost importance to ensure proper and safe functioning under all circumstances.

The issue found in V2 revealed how deeply hidden edge cases can be, and how sophisticated the approaches to uncover them must be.

We believe we can best address this by adding an extra level of scrutiny by doing an open audit competition on the deployment-ready codebase. Security must be the first priority of an immutable deployment, and thus we believe a minor postponement to be an acceptable tradeoff.

The competition will be held via an audit platform, with further details to be shared shortly.

Lastly, teams who are forking Liquity V2 will be free to proceed at their own cadence once the patched codebase has been made publicly available. These teams will have access to audit competition results, and any resulting patches needed to upgrade their mutable deployments.

Please note that these teams will only consider activity from the initial Liquity V2 deployment up until February 12th, when the initial notice of a potential SP issue was given, as eligible for reward programs.