To start the vault setup and scheduling the competition, the project team will need to share the in-scope GitHub repository with a member of the Hats security team. The Hats security team will then assess the lines of code and complexity of the project. Based on this evaluation, they will provide an attractive and very attractive budget range. This will allow the sponsor to choose a budget that best suits their goals, whether it's below, within, or above the suggested range, to maximize participation in the audit competition.
Additionally, the security team will highlight any elements that need to be added within the scope, such as test coverage or misunderstandings, which could impact the quality and effectiveness of the audit competition.