Polygon, an Ethereum scaling platform, today announced the launch of a $ 2,000,000 Bug Bounty program to root and eliminate potential security flaws in its already monitored network. The Bounty program is now live on the defy-centric Bug Bounty platform, Immunity.
A bounty program is an open invitation for security researchers to uncover and report on potential vulnerabilities in multiple smart contracts and decentralized applications (DAPs) – protecting polygons and their users’ developing projects and securing funding. Whitehat hackers who take part will be rewarded for their work based on the severity of their discovery vulnerabilities.
Grants for smart deals and blockchain bug reports range from 1,000 for low-level threats and up to $ 2,000,000 for critical threats. Meanwhile, DAP’s weakness reports will reward between $ 2,500 and $ 15,000. ETH, MATIC, or a stable coin will be paid by the polygon group.
Polygon bug rewards are distributed based on the Immune Weakness Intensity classification method, which places the threat according to the effect of the vulnerability. To be considered for rewards, the bug report should include the following details: a summary, a step-by-step guide to reproducing the threat, and helpful documents such as screenshots and logs.
As capital continues to flow into the decentralized financing (DFI) and non-fungible tokens (NFT) sectors, it has become crucial to be sure against exploitation or hacking.
“Bug Bounty programs continue to be an integral part of the security stack to protect crypto protocols and user funds stuck in their contracts. We are proud to choose Polygon among other platforms to ensure the security of our protocol and look forward to our cooperation. ”
– Mitchell Amador, Founder and CEO of Immune
Polygon Network has already audited a successful smart contract from renowned cybersecurity firm Sartik and is ranked # 17 on Sartik’s Security Leaderboard.
“User safety is paramount in the ethics of polygons. The goal of this significant grace is to make what we know a highly secure network.
-Sandeep Nailwal, co-founder of Polygon
Etherium allows polygon developers to drive innovation, with the largest number of crypto exchanges and wallet users outside the main chain. The fame of polygons has attracted heavyweights from industries like SushiSwap, Curve and Kibar to build with polygons.
A developer-first method streamlines their onboarding process and offers access to venture capitals, as well as exchange and wallet contacts.