# Bounties

Bounties represent an exchange between two parties - a reward for a task completed. 

Web3 bounties are very similar, involving specialized work that typically gets paid in the form of tokens. They represent excellent choices for blockchain projects - DAOs and DeFi - and a great opportunity for professionals. 

While blockchain experts and developers are still scarce, bounties emerge as a way to recognize them in a manner similar to the freelancing model. 

<figure><img src="https://268243558-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FzeCUvNp4zqe4NEKS0jlu%2Fuploads%2FDPKgc6VEYCLpiTdOm4aj%2Fimage.png?alt=media&#x26;token=986b51aa-522a-47ce-8dae-c3a3ec168f32" alt=""><figcaption></figcaption></figure>

### Bounty program

Using bounties brings a host of benefits and advantages for organizations and Web3 projects. Some of the more important ones are:

#### Find and attract talent&#x20;

A bounty program will attract talent from all over the world. The bounties represent a place for qualified professionals to be on the Web3 frontline earning tokens for their work. In other words, they bring talent to the project's complex demands without hiring new people.

#### Reduce costs

Not only do bounties attract talent, they also help save money in many different ways. Bounty hunters cost less than full employees. A bug bounty program is less expensive than full test-teams or consultants. Security costs also go down by having bounties to review smart contracts.

#### Constant testing and reporting

Bounty programs designed to encourage developers to run tests open the possibility of them improving the quality of the product and service on a regular basis. Bounties offered for regular input reduce the risk of high-impact functional bugs and lower the damage such situations might cause. Regular tests and reports lead to vulnerabilities being fixed and a lower risk to be affected by malicious individuals.

#### Build the YFD brand and reputation

A bounty program can be the starting point for a blockchain project to gain community and credibility. DAOs can gain investors and VCs. A good program can also offer professionals the right opportunity to start building their reputation and experience.

### **Rewards**

Finishing a bounty usually means getting a reward. Rewards are, most of the times, paid in native tokens,  stablecoins, ERC-20 tokens or ETH. It is up to each project to figure out the best way to pay out the rewards.&#x20;

Another benefit of completing tasks and bounties is earning reputation. Because data stored on the blockchain is unchangeable, you can build your reputation and showcase recommendations without worrying about scams.

### **Tutorial**

<figure><img src="https://268243558-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FzeCUvNp4zqe4NEKS0jlu%2Fuploads%2FFYWcP8zObjV73pNPb39z%2Fimage.png?alt=media&#x26;token=6174da96-40b1-48d5-b0de-bd637c43c735" alt=""><figcaption></figcaption></figure>

Follow the steps below to start building with **YFD DAO**.

{% tabs %}
{% tab title="Stage 1" %}

1. Create a DeWork profile [here](https://app.dework.xyz/) by clicking connect in the top right corner.
2. Follow the on-screen instructions.
3. Access Y-Foundry DeWork [page](https://app.dework.xyz/y-foundry-dao).
   {% endtab %}

{% tab title="Stage 2" %}

1. In the **Bounties** section, click the **Bounties Board**
2. ![](https://268243558-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FzeCUvNp4zqe4NEKS0jlu%2Fuploads%2FZMq6UPjyPebb4Ne0fVTd%2Fimage.png?alt=media\&token=94e45d48-9238-4a21-a8be-59ff0f638d25)
3. The To Do list will list active bounties
4. ![](https://268243558-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FzeCUvNp4zqe4NEKS0jlu%2Fuploads%2FsjhCUNouPuKK3x2v502P%2Fimage.png?alt=media\&token=b32f0e0e-caf4-47cb-9dc3-4349a1dcf2bd)
   {% endtab %}

{% tab title="Step 3" %}

1. Chose a bounty that suits you and check its description.
2. You can discus requirements with the community.
3. When you are ready, submit a proposal.
4. Discus your proposal with the YFD crucible.
5. Reach an agreement.
   {% endtab %}
   {% endtabs %}