Uniswap Offers $15.5 Million Bug Bounty for v4 Vulnerabilities
Uniswap, the largest decentralized exchange (DEX), announced a $15.5 million bug bounty for vulnerabilities in its v4 upgrade. This set a new record for the largest bug bounty ever, surpassing LayerZero’s $15 million reward.
However, this bounty includes some caveats, and Uniswap will only provide full payouts for “critical” vulnerabilities that do not include third-party contracts or applications.
Bug bounty for Uniswap v4
Uniswap Recently provided a large number of bounty Used to identify code vulnerabilities. Specifically, the company is looking for its weaknesses Large-scale v4 upgrade core competencies. Uniswap also published a blog post detailing the plan:
“Today, we are pleased to launch a $15.5 million bug bounty, the largest in history, for vulnerabilities discovered in the Uniswap v4 core contract. Uniswap v4 is already one of the most thoroughly vetted codebases Decentralized Financewith nine independent audits. As deployment approaches, we will be taking additional steps to ensure v4 is as secure as possible. ” read.
Strictly speaking, Uniswap’s claim to be the largest “bug bounty” ever created is somewhat vague. In the past, some platforms have Offer huge bounties to successful hackersincentivizing them to return stolen funds. Last year, Mixin Network said they $20 million lures hackers “Bug bounty,” but the company slightly misused the term.
In this case, Uniswap only offers payment for identifying the vulnerability, not ransom for actually exploiting the vulnerability. In this genre, Uniswap’s $15.5 million offer is truly huge: earlier this year, Solana provides just $1 million for similar projects. In other words, the company may consider continuing with v4 Safety as points Uniswap’s continued success.
Alternatively, this substantial offer may come from confidence. As mentioned earlier, Uniswap conducted 9 separate independent code reviews and further conducted a $2.35 million security competition. wealth claim Uniswap chose to give $15.5 million to LayerZero, which offered a $15 million bounty last year. So, such a high reward may be just a boast.
Regardless, this massive reward comes with an important caveat. First, hackers cannot claim that any third-party contract or application is vulnerable, even one deployed by Uniswap Labs. Second, it was unable to list any unresolved issues identified by previous audits. In the end, only “serious” errors are eligible for full compensation, with those at lower risk receiving between $1 million and $100,000.
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