Uniswap Labs has launched a $15.5 million bug bounty program to make sure the safety of its newest protocol, Uniswap v4.
This substantial bounty is the biggest ever provided within the historical past of the DeFi sector. Uniswap v4 represents the most recent evolution of the Uniswap Protocol, marking a major transformation right into a complete developer platform.
This iteration introduces “hooks,” enabling builders to create customizable contracts that dictate interactions between swimming pools, swaps, charges, and liquidity supplier (LP) positions.
The introduction of hooks is about to unlock new market constructions and broaden the vary of belongings out there on the platform, thereby serving extra customers successfully.
Except for the technological developments, Uniswap v4 guarantees price effectivity, with pool creation prices anticipated to be decreased by 99.99% and notable financial savings on multi-hop swaps for merchants.
Developed with a collaborative spirit, the v4 codebase has been formed by contributions from over 90 builders and lots of of group pull requests.
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A Deal with Safety
Safety is a paramount concern for Uniswap Labs, which is underscored by the rigorous code critiques and audits that Uniswap v4 has undergone.
The protocol has been scrutinized via 9 impartial audits by industry-leading corporations like OpenZeppelin, Spearbit, and Certora.
Moreover, a $2.35 million safety competitors was held, partaking over 500 researchers, with no essential vulnerabilities found to this point.
The launch of the $15.5 million bug bounty goals to additional fortify the protocol’s safety forward of its deployment.
By inviting moral hackers and builders to look at the Uniswap v4 core contracts, Uniswap Labs is taking proactive steps to make sure any potential vulnerabilities are recognized and addressed promptly.
The bug bounty encompasses vulnerabilities inside the Uniswap v4 core contracts, accessible via the challenge’s GitHub repository.
Nonetheless, it excludes third-party contracts not deployed by Uniswap Labs, beforehand recognized points in audits, and third-party functions using Uniswap contracts. The periphery contracts of Uniswap v4 will probably be added to this system shortly.
To take part, bug hunters should submit their findings through the v4 Bug Bounty Web page on Cantina inside 24 hours of discovery, guaranteeing confidentiality till any points are resolved.
Detailed reviews, together with replica steps and attainable implications, improve the chance of eligibility for a reward. Profitable contributors can go for public recognition for his or her discoveries.
The $15.5 million bug bounty program is stay, inviting the worldwide group of builders and researchers to discover the v4 codebase.
contributors can discover additional particulars and submission necessities on the v4 Bug Bounty Web page on Cantina. This initiative underscores Uniswap’s dedication to safety and innovation within the quickly evolving DeFi panorama.
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