Divergence Bug Bounties Available on Immunefi!
Divergence makes security its top priority. Following audits by Chainsulting and PeckShield, it is open sourcing its code and hosting a bug bounty program on Immunefi. This bug bounty program is live before our V1 product launch so that vulnerabilities could be found earlier.
Bounties are necessary for testing and improving our application and smart contract security. Divergence values the work of skilled programmers who help protect and strengthen our ecosystem. Via Immunefi, Divergence will reward white hats who discover bugs in our protocol. Our bug bounty program covers a number of facets including smart contracts, the website and apps.
The threat level for these assets are classified on a 5-level scale from “None” to the highest level “Critical”. You can find more information and updates in the Immunefi documentation below:
At this time bounties for the “Critical” bugs are offered at USD $50,000 and the payouts are in USDC. After our V1 product launch, we will be increasing our bounties in line with the capital at stake at our protocol. We will also invite the community to help identify any possible exploits we may have missed.
This bounty program is not being enacted in response to any known vulnerabilities. We are proactively implementing measures to ensure safety and robustness of our protocol and protect user funds.
Immunefi is the premier bug bounty platform for smart contracts and DeFi projects, where security researchers review code, disclose vulnerabilities, get paid, and make crypto safer. Immunefi removes security risk through bug bounties and comprehensive security services.
Launched on December 9, 2020, Immunefi focused on blockchain and smart contract security. We provide bug bounty hosting, consultation, bug triaging, and program management services to blockchain and smart contract projects.
Bug bounty programs are open invitations to security researchers to discover and disclose potentially vulnerabilities in projects’ smart contracts and applications, thereby protecting projects and their users. For their good work, security researchers receive a reward based on the severity of the vulnerability, as determined by the project affected.
Why have a bug bounty program at all? In 2020 alone, hacks and scams cost the DeFi community over $238m, and bug bounties can prevent those hacks from happening. Bug bounty programs surface vulnerabilities so they can be fixed before they get exploited in malicious hacks that destroy projects and ruin reputations.
Divergence is a decentralized platform for hedging, trading DeFi-native asset volatility, with its flagship product being an AMM-based marketplace trading synthetic binary options.
📢Telegram Announcement: https://t.me/divergenceannouncement