[IMPACT] Please describe your proposed solution.

We have received a list of concerns by the auditor, which a Plutus developer as part of our team will address. We will then release the changes to address everything brought up by the audit as well as the audit itself.

[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.

Fracada is a fractionalized NFT project that is an enitrely MIT open source Plutus contract that anybody can either deploy or use as a reference for their own contract. Addressing the audit will not only improve any projects that wanted to use Fracada directly, but also improve projects that wanted to use Fracada as a reference for their own work

[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?

Standard engineering risk (delay, overbudget). Additionally, even if we pass the audit, there is no guarantee that there won't still be a bug (audits are extremely important, but cannot guarantee the absence of bugs)

[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.

The audit report was received on June 30th and we plan to address the audit concerns in Q3

[FEASIBILITY] Please provide a detailed budget breakdown.

The full budget will be used for a Plutus developer to address the audit concerns

[FEASIBILITY] Please provide details of the people who will work on the project.

1 Plutus develop

[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.

No plans at the moment

[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?

Addressing the auditor's concerns and releasing the code the resolves them

[AUDITABILITY] What does success for this project look like?

Successfully addressing all auditor concerns and releasing both the code and the audit result

[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.

Continuation of <https://cardano.ideascale.com/a/dtd/384625-48088>