According to Foresight News, blockchain security team Cyfrin has submitted a proposal to the Arbitrum community, requesting approval for a $2 million 'Arbitrum Security Enhancement Fund'. The fund will be dedicated to sponsoring audit work for Arbitrum projects, matching up to 60% of audit fees for projects on the platform. The remaining amount must be paid by the project itself applying for the funds. The plan is to use the fund for 20-25 audits over the next year.