As a seasoned researcher with a knack for unearthing hidden gems in the digital landscape, I find Uniswap Labs’ $15.5 million bounty program an intriguing proposition. With years of experience under my belt, I’ve seen some impressive bounties, from Google’s six-figure payouts to the record-breaking $14.82 million paid out by Immunefi in 2021. Yet, Uniswap’s offering seems to be in a league of its own, particularly if claimed in a single payout.
Uniswap Labs revealed plans for a record-breaking bounty program prior to the rollout of Uniswap v4.
At present, the ongoing reward system offers compensation varying between $2,000 and a maximum of $15.5 million. This is awarded for uncovering one-of-a-kind weaknesses that ultimately necessitate a modification to the code.
To earn maximum rewards, bounty hunters must discover a crucial weakness or vulnerability within the main code of the Uniswap v4 core contracts, as outlined by the program’s conditions.
“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.”
Bug bounty
There’s some debate about whether this is the largest bounty program ever, but for reference, the bug bounty platform Immunefi reportedly doled out a $14.82 million reward in 2021 as part of their continuous security endeavors.
Significant rewards for security flaws include Google’s record-breaking payout of $605,000 for a single vulnerability discovery in 2022, which was part of their reported total payouts amounting to $12 million that year. Not long ago, Microsoft unveiled plans to offer up to $4 million in rewards for discoveries related to cloud and artificial intelligence security.
As an analyst, I find myself reflecting on the intriguing fact that should the $15.5 million bounty associated with Uniswap be successfully claimed in one payout, it would undoubtedly stand out as one of the most substantial rewards in recent times.
In the recently concluded $2.35 million security competition organized by Uniswap Labs, approximately 500 researchers took part in testing the yet-to-be-released v4. Remarkably, no significant vulnerabilities were discovered during this process. The company affirmed that the $15.5 million initiative serves as an additional measure to ensure that the upcoming v4 version is as secure as it could possibly be.
As a dedicated cryptocurrency investor, I stand to potentially reap a massive reward of up to $15.5 million if I manage to uncover one-of-a-kind weaknesses within the Uniswap v4 core contract’s code. If my findings lead to an amendment in the code, the prize could be mine!
In this security program, the most severe issues (labeled as “critical”) will earn the highest reward, possibly up to the maximum amount specified. Issues labeled as “high” may also qualify for a payment of up to $1 million. The payout decreases to $100,000 for vulnerabilities classified as “medium” risk, while rewards for lower-risk vulnerability discoveries will be given at the program’s discretion.
In addition to addressing issues within the main contract’s code, this program extends its protection to potential vulnerabilities found in other contracts, external websites, backend systems, and the code for Uniswap v4 digital wallets.
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2024-11-26 19:43