> For the complete documentation index, see [llms.txt](https://elanu-sheetmaster.gitbook.io/y-foundry/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://elanu-sheetmaster.gitbook.io/y-foundry/community/bounties.md).

# Bounties

Bounties represent an exchange between two parties - a reward for a task completed.&#x20;

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.&#x20;

While blockchain experts and developers are still scarce, bounties emerge as a way to recognize them in a manner similar to the freelancing model.&#x20;

<figure><img src="/files/kzINQ6ELCnfCWn8VU9tU" 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="/files/U6pLkzpCmcapVLnmr6AT" 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. ![](/files/DAX3Mbc43wuS2dIlSpQW)
3. The To Do list will list active bounties
4. ![](/files/UVDCPlsb9kyvNkaKj8pU)
   {% 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 %}


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