MakerDAO has partnered with Web3 audit contest provider Sherlock to host a high-stakes audit competition, offering a prize pool of $1.35 million. The competition, which ran from July 8 to August 5, aimed to ensure the security and integrity of MakerDAO's long-term plan, known as the Endgame. This plan seeks to revolutionize governance and create a self-sustaining balance called the Endgame State.

The Endgame plan is a comprehensive overhaul of the existing decentralized labor ecosystem, transforming it into a new self-sustaining DAO. This ambitious plan requires rigorous security measures to ensure its success. The audit competition was a crucial step in achieving this goal, attracting top talent to identify potential vulnerabilities and strengthen the Endgame's security.

The collaboration between MakerDAO and Sherlock demonstrates a commitment to prioritizing security and integrity in the development of the Endgame plan. By incentivizing auditors to identify potential weaknesses, MakerDAO is proactively addressing risks and ensuring the long-term sustainability of its ecosystem. This approach sets a high standard for security in the Web3 industry.

The $1.35 million audit competition is a testament to MakerDAO's dedication to creating a secure and reliable decentralized ecosystem. By leveraging Sherlock's expertise in Web3 audit contests, MakerDAO has taken a significant step towards achieving its vision for the Endgame State. As the Web3 industry continues to evolve, this partnership serves as a model for prioritizing security and integrity in decentralized ecosystem development.

In conclusion, the audit competition hosted by MakerDAO and Sherlock marks a significant milestone in the development of the Endgame plan. By prioritizing security and integrity, MakerDAO is setting a new standard for decentralized ecosystem development. As the Web3 industry continues to grow, this partnership serves as a testament to the importance of security and integrity in achieving long-term sustainability.