LayerZero Labs and Immunefi have announced their collaboration to launch an unprecedented $15 million bug bounty program. The initiative sets a new benchmark in the crypto industry, surpassing the previous record holder, MakerDAO’s $10 million bug bounty.
LayerZero Labs, renowned for its omnichain interoperability protocol LayerZero, and Immunefi, a leader in bug bounty and security services, have partnered to stimulate the work of smart contract information security researchers and white hat hackers in identifying potential vulnerabilities and attack vectors on blockchain protocols such as LayerZero. The sheer size of this bounty sets it apart from LayerZero’s previous initiatives and underlines its prioritization of smart contract security.
The reward fund is earmarked to come from the equity entity of LayerZero Labs. LayerZero’s CEO, Bryan Pellegrino, emphasized the commitment to security over all other facets:
“The security of [a] protocol comes before anything else.”
Immun
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