At Savewealth.site, we spotlight industry breakthroughs. Today, we’re looking into Uniswap Labs’ ambitious move to bolster security ahead of the Uniswap v4 launch. The company has announced a $15.5 million bug bounty program, touted as “the largest in history,” inviting researchers to identify vulnerabilities in the v4 core contracts.
What Makes This Bounty Program Unique?
Uniswap Labs is offering payouts ranging from $2,000 to a staggering $15.5 million. The highest rewards are reserved for uncovering critical flaws that require changes to the core contracts’ code. For comparison, previous records include a $14.82 million payout from Immunefi in 2021 and Google’s highest single payout of $605,000 in 2022.
Reward Breakdown
The bounty program classifies vulnerabilities into categories:
- Critical: Up to $15.5 million
- High Risk: Up to $1 million
- Medium Risk: Up to $100,000
- Low Risk: Discretionary payouts
These rewards extend beyond core contracts to vulnerabilities in other smart contracts, websites, backends, and wallet codes associated with Uniswap v4.
A Proven Track Record
This program builds on Uniswap Labs’ previous $2.35 million security competition for v4, where over 500 researchers participated without finding critical issues. The $15.5 million bounty represents an additional safeguard to ensure v4’s robustness.
Why This Matters
Uniswap’s initiative sets a new benchmark for security in decentralized finance (DeFi). By incentivizing collaboration with the global research community, the platform aims to enhance trust and reliability, paving the way for a secure v4 launch.
Stay tuned to Savewealth.site for more updates on the evolving landscape of DeFi and blockchain innovation.