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The agency behind the most important decentralized alternate (DEX) by buying and selling quantity is launching a $15.5 million bug bounty of historic proportions.
Based on a brand new announcement from Uniswap Labs, the bug bounty goals to determine potential holes in Uniswap V4’s core contracts.
Uniswap V4 is ready to be the newest model of the DEX.
Based on the announcement, Uniswap V4 introduces “hooks”, which Uniswap defines as “contracts that builders can create to customise how swimming pools, swaps, charges, and LP (liquidity pool) positions work together” that enable new options to be added to the DEX.
In two posts to the social media platform X, Uniswap says it’s looking for “important” bugs for the bounty, although “important” stays largely undefined.
“Introducing the most important bug bounty in historical past
We’re rewarding as much as $15.5M to anybody that finds a important vulnerability in v4 core contracts
Discover a important bug, grow to be a millionaire…
This bounty covers important vulnerabilities within the Uniswap v4 core contracts, out there within the Uniswap v4 Github repository”
Based on the announcement, 4 classes of bugs stay exterior of the bounty’s scope.
- “Third-party contracts that weren’t deployed by Uniswap Labs
- Points already listed within the audits for the contracts within the v4 repository
- Bugs in third-party contracts or purposes that use contracts deployed by Uniswap Labs
- Points flagged in earlier inner opinions, competitions, and audits”
The agency notes that 500 researchers have already participated in a $2.35 million safety competitors and that no important vulnerabilities have been discovered. The brand new bug bounty program is an additional step to make it possible for Uniswap V4 is as safe as potential
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Featured Picture: Shutterstock/Suwin
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