As a part of the much-anticipated Uniswap
$516.4M
v4 launch, Uniswap Labs has launched a bug bounty program, providing $15.5 million for essential vulnerability discoveries.
To qualify for the utmost payout, members should determine vulnerabilities within the Uniswap v4 core contracts code that require a code revision.
Lesser findings will nonetheless be rewarded, with payouts for “excessive” severity points reaching as much as $1 million, “medium” dangers incomes $100,000, and lower-level discoveries dealt with on a case-by-case foundation. But, figuring out a “essential” exploit might safe $15.5 million.
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A press release from Uniswap Labs on X highlighted the size of the trouble:
Introducing the biggest bug bounty in historical past. We’re rewarding as much as $15.5M to anybody that finds a essential vulnerability in v4 core contracts. Discover a essential bug, change into a millionaire.
Although Uniswap has described this as the biggest bug bounty in historical past, comparisons have been drawn to different high-profile payouts.
As an example, the cybersecurity platform Immunefi allotted a $14.82 million bounty in 2021, one of many largest funds for a single vulnerability on the time. If Uniswap’s prime reward have been claimed as a sum, it might certainly surpass Immunefi’s report.
The initiative builds on Uniswap’s earlier safety efforts. Throughout a $2.35 million safety competitors for v4 previous to its official launch, over 500 researchers participated, however no important vulnerabilities have been uncovered.
This new $15.5 million program displays a dedication to making sure the robustness of v4, which performs a essential position within the platform’s ecosystem.
The scope of the bounty extends past the core contracts. It contains assessments of associated parts akin to extra contracts, backend infrastructure, web sites, and pockets codes linked to Uniswap v4.
Uniswap’s bug bounty program isn’t the one growth stirring pleasure within the DeFi area. Ronin has simply launched Katana DEX v3, bringing a recent method to rewards and liquidity swimming pools. What modifications are in retailer for customers? Learn the total story.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Battle II period.With near a decade of expertise within the FinTech trade, Aaron understands all the greatest points and struggles that crypto fanatics face. He’s a passionate analyst who is worried with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and trade newcomers.Aaron is the go-to particular person for all the things and something associated to digital currencies. With an enormous ardour for blockchain & Web3 training, Aaron strives to remodel the area as we all know it, and make it extra approachable to finish learners.Aaron has been quoted by a number of established shops, and is a broadcast writer himself. Even throughout his free time, he enjoys researching the market traits, and searching for the following supernova.
