5 devoted bug bounty applications upgraded throughout 1inch core elements, together with sensible contracts, pockets and infrastructure.
A community-first strategy to strengthening DeFi safety and resilience.
1inch, the main DeFi aggregator, has launched an upgraded bug bounty initiative, protecting 5 key areas of its platform, with rewards of as much as $500,000. By this initiative 1inch demonstrates its dedication to sustaining the best degree of safety throughout its sensible contracts, pockets, dApp, developer instruments and infrastructure.
As DeFi continues to mature, so does the interdependence and complexity of its protocols – in addition to the potential for vulnerabilities which can be but to be found. From sensible contract exploits to infrastructure-level weaknesses, tasks should take care of an ever-widening assault floor. By leveraging the efforts of the worldwide white-hat hacker and safety researcher group, 1inch goals to strengthen its structure and encourage accountable disclosure.
Neighborhood-Pushed Safety at Scale
Every of the next bounty applications has a clearly outlined scope and multi-tiered rewards to encourage most participation and affect:
Bug bounty program 1: 1inch sensible contracts – rewards of as much as $500,000
The 1inch ecosystem is constructed on interconnected sensible contracts that combination liquidity from numerous decentralized exchanges to execute optimum token swaps. An in depth rationalization of this system and rewards is out there right here.
Bug bounty program 2: 1inch Pockets – rewards of as much as $100,000
This bounty program is centered on attainable vulnerabilities in 1inch Pockets, a multi-chain non-custodial DeFi crypto pockets with a straightforward interface for safe storage and transactions. An in depth rationalization of this system and rewards is out there right here.
Bug bounty program 3: 1inch Developer Portal – rewards of as much as $100,000
The main target of this bounty program is the 1inch Developer Portal, a Web3 cloud SaaS (software program as a service) platform that includes a number of APIs. An in depth rationalization of this system and rewards is out there right here.
Bug bounty program 4: 1inch dApp – rewards of as much as $50,000
The 1inch dApp is the No. 1 DeFi aggregator, providing entry to the deepest liquidity and the very best token swap charges on numerous DEXes. Its distinctive options embrace partial fill and the power to search out the very best swap paths throughout a number of liquidity sources. An in depth rationalization of this system and rewards is out there right here.
Bug bounty program 5: 1inch infrastructure – rewards of as much as $20,000
This program focuses on figuring out vulnerabilities that affect the 1inch platform’s total infrastructure, complementing product-specific applications which can be described above. An in depth rationalization of this system and rewards is out there right here.
Sergej Kunz, Co-founder of 1inch, mentioned “By our new bug bounty applications, we invite exterior specialists and white-hats to check the power of our defenses. Even probably the most expert in-house safety groups, equivalent to ours, can profit from recent views. Higher to pay bounties than pay for breaches.”
About 1inch
1inch accelerates decentralized finance with a seamless crypto buying and selling expertise for 23M customers. Past being the highest platform for low-cost, environment friendly token swaps with $1B in each day trades, 1inch affords a spread of modern instruments, together with a safe self-custodial pockets, a portfolio tracker for managing digital belongings, a developer portal to construct on its cutting-edge expertise, and even a debit card for straightforward crypto spending. By repeatedly innovating, 1inch is simplifying DeFi for everybody.
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