Uniswap announces $15.5m bug bounty for v4
Uniswap Labs has launched a big bug bounty program, providing as much as $15.5 million for figuring out crucial vulnerabilities in its v4 core contracts.
The Uniswap (UNI) mentioned in an announcement on Nov. 26 that this bug bounty is the “largest” ever launched.
v4 is Uniswap’s newest community improve, designed to remodel the protocol right into a hub for builders. The improve introduces hooks—contracts that permit builders to customise person interactions throughout swimming pools, swaps, and liquidity provision—unlocking new belongings and market constructions.
Uniswap v4 has undergone 9 key codebase critiques by corporations together with OpenZeppelin, ABDK, Spearbit, Certora, and Path of Bits.
The venture has additionally attracted over 500 researchers via its $2.35 million safety competitors. Whereas no crucial vulnerabilities have been discovered to this point, Uniswap Labs is exercising additional warning because the v4 deployment approaches.
“As deployment approaches, we’re taking an additional step to make sure v4 is as safe as potential with the $15.5M bug bounty,” the Uniswap Labs staff mentioned by way of X.
Bug bounty packages are extensively used to reinforce safety and person safety, significantly in an ecosystem ceaselessly focused by crypto assaults and community exploits. These packages encourage ethical hackers to establish vulnerabilities in trade for rewards.
In April 2023, hackers exploited Uniswap utilizing sandwich assaults, ensuing within the theft of roughly $25.2 million price of crypto.
