DEX DeGate Collaborates with Imunefi to Launch a Vulnerability Reward Program

On April 7th, it was reported that DEX DeGate, an order book based on ZK Rollup, collaborated with the vulnerability reward platform Imunefi to launch a vulnerability reward program, inviting hackers to discover potential security vulnerabilities. The plan will pay a bounty of $1.1 million to hackers who discover major vulnerabilities. The plan includes vulnerability rewards of different measurement standards for DeGate smart contracts, zero-knowledge proof (ZKP) circuits, websites and applications, and separate parts of APIs and SDKs. DeGate will reward hackers who discover critical vulnerabilities with $1.1 million, and evaluate the impact of vulnerabilities based on the Imunefi vulnerability severity classification system to reward other vulnerability discoverers. The vulnerability reward plan will start on April 7th and continue until the release of the Mainnet Beta on the DeGate main network.

DeGate and Immunefi Launch Vulnerability Reward Program Today

Introduction

On April 7th, DEX DeGate, an order book based on ZK Rollup, made an announcement. It expressed that it would be collaborating with the vulnerability reward platform Imunefi to launch a vulnerability reward program. The initiative would involve inviting hackers to discover any potential security vulnerabilities in the platform.

The Plan

The plan is to pay a bounty of $1.1 million to any hackers that discover significant vulnerabilities. The reward program includes vulnerability rewards of different measurement standards for DeGate smart contracts, zero-knowledge proof (ZKP) circuits, websites and applications, and separate parts of APIs and SDKs.
DeGate has also mentioned that it will reward hackers who discover critical vulnerabilities with $1.1 million. It will evaluate the impact of vulnerabilities based on the Imunefi vulnerability severity classification system to reward other discoverers of vulnerabilities.
The vulnerability reward plan will start on April 7th and continue until the release of the Mainnet Beta on the DeGate main network.

How the Program Works

The vulnerability reward program involves inviting any hackers who find potential security vulnerabilities in the DeGate platform. Hackers can submit the vulnerabilities via the Imunefi platform, and Imunefi will then confirm the validity of the submitted vulnerabilities.
Once Imunefi verifies the vulnerabilities, it will then provide the information to the DeGate team so that they can fix them. DeGate has noted that they will make sure to fix any reported vulnerabilities as soon as possible, and the reward will be given to the hacker upon the successful repair of the identified vulnerability.

The Significance of the Program

Security vulnerabilities have become a significant concern for blockchain platforms as they are prone to attacks. According to the blockchain security company Slowmist, there were 122 security incidents in 2020, and hackers stole up to $3.8 billion in cryptocurrency, reflecting an increase in the frequency of such incidents.
Therefore, the vulnerability reward program is quite significant as it will encourage hackers to discover potential security vulnerabilities and incentivize them to report them in exchange for a reward. The program helps DeGate to identify and fix any discovered vulnerabilities before they can be exploited by hackers.

FAQs

What is DEX DeGate?

DEX DeGate is an order book based on ZK Rollup, which provides various functions such as liquidity aggregation and mining through a Layer 2 expansion plan.

What is the Imunefi vulnerability reward platform?

Imunefi is a vulnerability reward and bug bounty platform that helps to identify and solve security vulnerabilities in blockchain platforms.

How long will the vulnerability reward program last?

The vulnerability reward program will last until the release of the Mainnet Beta on the DeGate main network.

Conclusion

The vulnerability reward program collaboration between DEX DeGate and Imunefi is a significant development in the blockchain space. It will go a long way in helping DeGate to identify and fix security vulnerabilities before they can be exploited by hackers. In the long run, it will enhance the security and reliability of the platform to create a safer environment for users.