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Compound Finance Launches $1M Bug Bounty Program on Immunefi
Decentralized finance (DeFi) protocol Compound Finance has set out on its ambitious plans to beef up security. This follows after it recently tapped Immunefi to launch a $1 million bug bounty program.
According to the announcement, which was shared via Immunefi’s Medium blog, the program seeks to make Compound’s algorithmic interest rate platform a lot safer. That is, by encouraging security experts to identify vulnerabilities. The interesting part would be that these experts also get to earn tangible rewards for their roles in securing the platform.
Critical Vulnerabilities Could Earn Researchers Up to $1 Million in Bug Bounty Program
In the announcement, Compound Finance detailed that the program will offer rewards that measure up to the level of risk identified. This means that the reward structure will be based on the severity of reported vulnerabilities.
As classified under Immunefi’s Vul
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