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- Uniswap v4 introduces a $15.5M bug bounty to enhance core contract security and expand DeFi trust.
- Uniswap launches a decentralized cross-chain bridge with Across Protocol for seamless asset transfers across networks.
Uniswap Labs has made ripples in the decentralized finance (DeFi) sector by launching a $15.5 million bug bounty program. Centered on the security of its Uniswap v4 core contracts, this project illustrates the platform’s dedication to provide strong defenses against possible weaknesses.
Program participants must turn in their reports straight to the Cantina v4 Bug Bounty page within 24 hours of finding any problems.
Although central contracts are now under more attention, Uniswap has confirmed that peripheral contracts for V4 will be included in the program in not too distant future, therefore broadening its reach and improving general security.
Introducing the largest bug bounty in history 🦄
We're rewarding up to $15.5M to anyone that finds a critical vulnerability in v4 core contracts
Find a critical bug, become a millionaire 👀 pic.twitter.com/2h2bOKRLK6
— Uniswap Labs 🦄 (@Uniswap) November 26, 2024
Uniswap Elevates Security with Rigorous Measures
This release comes after Uniswap Labs has been implementing strict security protocols. Uniswap v4 passed nine independent audits and a security competition valued at $2.35 million before this program was unveiled. Surprisingly, not one of these initiatives exposed any serious flaws.
The bug bounty, however, offers a further degree of care and pays major incentives to inspire active involvement among security researchers and developers.
The bug bounty emphasizes in DeFi, a market sometimes targeted by hostile actors, the growing relevance of openness and security. Launching such a bold initiative, Uniswap hopes to build more confidence inside its ecosystem and establish new security standards for the whole sector.
Concurrent with this, CNF previously highlighted Uniswap’s introduction of a decentralized cross-chain bridge run on the Across Protocol (ACX). This function lets users easily and fluidly link assets across chains, hence reinforcing Uniswap’s standing for innovative ideas in decentralized trading.
Meanwhile, Uniswap’s governance token, UNI, is swapped hands at $11.68 at the time of writing, a 2.32% increase over the last 24 hours, pushing its market cap to over the $7 billion mark.
