In the grand theater of blockchain, where the actors are but shadows of their intentions, Hyperliquid has unveiled its latest spectacle: the HyperEVM. A layer-1 blockchain platform, it has chosen to launch a bug bounty program, as if to say, “Come, dear developers, find our flaws and we shall reward you!”
On this fateful day, February 18, the Hyper Foundation, that benevolent overseer of the Hyperliquid ecosystem, has birthed HyperEVM. Unlike its brethren, this EVM is not a mere offshoot, but rather a child of the same consensus mechanism that nurtures Hyperliquid’s layer-1. It is a curious arrangement, allowing the EVM to engage directly with the native components of the layer-1 network, as if they were old friends sharing secrets over tea.
In this brave new world, Hyperliquid’s native HYPE token dances in harmony with the gas token on the EVM. “Ultimately,” they proclaim, “users will trade project tokens with minimal fees and deep liquidity, as if they were exchanging pleasantries at a market.” Ah, the joys of modern finance! 🎉
As part of this grand unveiling, the platform has introduced a bug bounty program, a veritable treasure hunt for developers who can uncover the hidden gremlins lurking within the system. 🕵️♂️
USDC Rewards for Bug Hunters
The program dangles rewards ranging from a meager 10,000 USD Coin (USDC) to a staggering 1 million USDC, depending on the severity of the vulnerabilities unearthed. The project, in its infinite wisdom, will assess the severity based on the potential chaos that may ensue. How delightful! 💰
Hyperliquid has declared that any bug capable of causing an outage or a logical error on its nodes or API servers is fair game. On the testnet, the focus will be on security flaws related to the EVM, as if the EVM were a delicate flower in need of protection.
Yet, they have also outlined specific criteria for ineligibility, including reports that lack sufficient detail or those requiring the user to perform acrobatics to exploit. How very considerate! 🤹♂️
Hyperliquid’s HYPE Token: A Steady Ship in Turbulent Waters
Despite the grand launch of HyperEVM, the ecosystem’s native token remains steadfast, hovering around $26, as if it were a seasoned sailor weathering the storm. With a market capitalization of $8.6 billion and a 24-hour trading volume exceeding $200 million, it seems the ship is well-manned.
Meanwhile, Hyperliquid’s total value locked (TVL) has soared to $677 million in February, a remarkable increase of over 300% since December 2024. Such growth! It is as if the very fabric of reality has shifted. 📈
Hyperliquid has ascended to prominence after executing one of the most monumental airdrops in the annals of decentralized finance (DeFi). A staggering 28% of its entire token supply was airdropped to users, a gesture worth more than $7 billion at current market prices. Truly, a spectacle to behold! 🎊
Read More
- EUR JPY PREDICTION
- DF PREDICTION. DF cryptocurrency
- COW PREDICTION. COW cryptocurrency
- TRB PREDICTION. TRB cryptocurrency
- Doctor Strange’s Shocking Return in Marvel’s Avengers: Doomsday Revealed!
- ASTR PREDICTION. ASTR cryptocurrency
- USD MXN PREDICTION
- My Hero Academia: Vigilantes Controversy
- Hunter x Hunter: Nen x Impact launches July 17, DLC character Nephelpito announced
- POL PREDICTION. POL cryptocurrency
2025-02-18 13:14