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DEX DeGate Collaborates With Imunefi to Launch a $1.1 Million Vulnerability Reward Program

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On April 7th, it was reported that DEX DeGate, an order book based on ZK Rollup, collaborated with the vulnerability reward platform Imunefi to launch a vulnerability reward progra

DEX DeGate Collaborates With Imunefi to Launch a $1.1 Million Vulnerability Reward Program

On April 7th, it was reported that DEX DeGate, an order book based on ZK Rollup, collaborated with the vulnerability reward platform Imunefi to launch a vulnerability reward program, inviting hackers to discover potential security vulnerabilities. The plan will pay a bounty of $1.1 million to hackers who discover major vulnerabilities. The plan includes vulnerability rewards of different measurement standards for DeGate smart contracts, zero-knowledge proof (ZKP) circuits, websites and applications, and separate parts of APIs and SDKs. DeGate will reward hackers who discover critical vulnerabilities with $1.1 million, and evaluate the impact of vulnerabilities based on the Imunefi vulnerability severity classification system to reward other vulnerability discoverers. The vulnerability reward plan will start on April 7th and continue until the release of the Mainnet Beta on the DeGate main network.

DeGate and Immunefi Launch Vulnerability Reward Program Today

Article Outline

1. Introduction
2. What is DEX DeGate?
3. What is Imunefi?
4. What is a Vulnerability Reward Program?
5. The Collaborative Effort of DEX DeGate and Imunefi
6. Details of the Vulnerability Reward Program
7. The Importance of Security in the Cryptocurrency Industry
8. Conclusion
9. FAQs

Article

The cryptocurrency industry is known for its volatility, but it is also known for its security vulnerabilities. On April 7th, DEX DeGate, an order book based on ZK Rollup technology, announced that it had collaborated with Imunefi, a vulnerability reward platform, to launch a vulnerability reward program. The program offers a bounty of $1.1 million to hackers who discover major vulnerabilities in the DeGate ecosystem.

What is DEX DeGate?

DEX DeGate is a decentralized exchange that operates on the Ethereum blockchain and uses ZK Rollup technology to improve scalability and reduce gas fees. It offers its users access to a wide range of decentralized finance (DeFi) products and services, including trading, liquidity pools, and yield farming.

What is Imunefi?

Imunefi is a vulnerability reward platform that connects security researchers with decentralized projects to improve their security. Imunefi has a network of over 3000 security researchers who are incentivized to discover and report potential security vulnerabilities in exchange for rewards.

What is a Vulnerability Reward Program?

A vulnerability reward program is an initiative that offers rewards, often in the form of money, to security researchers who discover and report potential security vulnerabilities in a company’s products or services. The goal is to incentivize security researchers to report vulnerabilities instead of exploiting them for personal gain.

The Collaborative Effort of DEX DeGate and Imunefi

The collaboration between DEX DeGate and Imunefi is a step towards improving the security of DeGate’s ecosystem. By offering a bounty of $1.1 million to security researchers who discover and report potential security vulnerabilities, DeGate is incentivizing researchers to help improve their ecosystem. The partnership with Imunefi adds an extra layer of security to the vulnerability reward program by leveraging Imunefi’s network of skilled security researchers.

Details of the Vulnerability Reward Program

The vulnerability reward program offered by DEX DeGate and Imunefi has several components. The program offers rewards for discovering vulnerabilities in DeGate smart contracts, ZKP circuits, websites and applications, and separate parts of APIs and SDKs. Critical vulnerabilities will be rewarded with $1.1 million, while other vulnerabilities will be evaluated based on the Imunefi vulnerability severity classification system to determine the appropriate reward amount.
The vulnerability reward program started on April 7th and will continue until the release of the Mainnet Beta on the DeGate main network. The program is open to all security researchers, regardless of their level of experience or location.

The Importance of Security in the Cryptocurrency Industry

Security is a critical aspect of any cryptocurrency project. The lack of security can lead to devastating consequences, including financial losses for investors and damage to the reputation of the project. The vulnerability reward program offered by DEX DeGate and Imunefi is a step in the right direction towards improving the security of the DeFi industry as a whole.

Conclusion

The collaboration between DEX DeGate and Imunefi to launch a vulnerability reward program is an important step towards improving the security of the DeGate ecosystem. The program offers a significant reward to security researchers who discover and report potential vulnerabilities, incentivizing researchers to help improve the security of the DeFi industry.

FAQs

1. Who is eligible to participate in the vulnerability reward program?
– The program is open to security researchers of all levels and locations.
2. What is the reward for discovering critical vulnerabilities?
– The reward for discovering critical vulnerabilities is $1.1 million.
3. When will the vulnerability reward program end?
– The program will end with the release of the Mainnet Beta on the DeGate main network.
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