Aave Labs has published a proposal for a dedicated bug bounty program for a 24/7 channel to report security issues.
High-priority submissions require participants to stake at least 250 USDC, which is forfeited if the report is invalid or deemed spam.
Aave Labs has published a proposal to launch a new dedicated bug bounty program for its v4 on Sherlock’s security platform for DeFi protocols.
The proposal aims to establish a channel to report any security concerns on the DeFi platform as it transitions to the fourth version (v4) of its protocol. The Labs says that Sherlock has been working with the community to audit the current v3 protocol and was used for early v4 testing. This translates to shared reporting standards and escalation paths for all parties.
Founder Stani Kulechov noted that bug bounties have been an important part of the network’s security strategy. He also praised the Sherlock team for its expertise in managing previous bug bounty programs and security contests.
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