Uniswap (UNI) Labs Launches $2.35M DeFi Security Competition
Uniswap (UNI) Labs, alongside the Uniswap Foundation and Cantina, has revealed plans for an extensive security competition to coincide with the release of its v4 platform. This competition, boasting a prize pool of $2.35 million, is poised to be the largest of its kind in the realm of decentralized finance (DeFi), as stated by Uniswap Protocol.
Competition Overview
The v4 security competition is scheduled to kick off on September 4, 2024, and will continue until September 30, 2024. Participants are encouraged to identify vulnerabilities within the v4 core contracts, periphery contracts, and the Universal Router. Rewards will be distributed based on the severity of the bugs uncovered and the quality of the documentation accompanying the submissions.
Scope and How to Participate
- The competition’s focus will be on scrutinizing specific GitHub repositories for any vulnerabilities.
- Bugs detected in other smart contracts that could jeopardize user funds must be reported to the Uniswap bug bounty program.
Individuals interested in taking part can sign up and access further information on the Cantina Competition Page, where details about the v4 Competition will be shared upon its launch in September. The page will include a comprehensive overview of the competition’s scope, final commit, and prize pool tiers.
Funding and Conditions
The prize pool has been established through contributions from Uniswap Labs, the Uniswap Foundation, and Certora. By submitting a report, participants authorize the sponsors to utilize all essential rights, such as intellectual property rights, to validate, address, and disclose the identified vulnerability. Determinations regarding rewards, eligibility, and amounts will be made at the discretion of Uniswap Labs, the Uniswap Foundation, and Cantina. The full terms and conditions will be released soon, subject to potential adjustments.
This initiative underscores Uniswap’s dedication to upholding security and transparency within the DeFi sector, with the goal of ensuring that v4 represents the most extensively audited set of contracts ever to be deployed on-chain.
Hot Take: Secure the Future of DeFi with Uniswap’s $2.35M Competition
Seize the opportunity to contribute to the security and integrity of DeFi by participating in Uniswap’s groundbreaking v4 security competition. With a substantial prize pool of $2.35 million up for grabs, this initiative not only highlights Uniswap’s commitment to safety but also encourages community involvement in safeguarding the ecosystem. Mark your calendar for September 4, 2024, and be part of a significant milestone in the evolution of decentralized finance!
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