Bug Bounty Program

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The discussion focused on the role of Bug Bounty Programs in the DeFi sector, introducing Hats Finance as a decentralized platform that incentivizes hackers to identify and report bugs. It also suggested that AAVE should consider implementing third-party services like Immunefi or Hats Finance to streamline bug sorting and payouts, and increase bounty amounts to attract more white hat hackers.

The discussion primarily revolved around the implementation of Bug Bounty Programs in the decentralized finance (DeFi) sector. Fav_truffe introduced the concept of Hats Finance, a decentralized bug bounty platform. This platform aims to convert black hat hackers into white hat hackers by incentivizing them to identify and report bugs. It also allows projects to create bounties for bugs, thereby fostering engagement within their community and across other DeFi communities. The platform's key features include transparency, decentralization, and community empowerment1.

The conversation then shifted towards AAVE's bug bounty program. DefiSafety noted that while AAVE does have a bug bounty program, it does not utilize a third-party bug bounty service like Immunefi or Hats Finance. This absence of a third-party service could potentially complicate the process of sorting through relevant bugs and ensuring appropriate payouts. As a solution, DefiSafety suggested that AAVE should consider implementing either Immunefi or Hats as their decentralized bug bounty service. Additionally, they recommended an increase in the bounty amount to attract more white hat hackers4.

In conclusion, the discussion emphasized the importance of third-party bug bounty services in the DeFi sector. It highlighted the potential benefits of platforms like Hats Finance and Immunefi, and suggested their implementation in existing bug bounty programs like that of AAVE. The discussion also underscored the need for increased bounty amounts to attract more participation from white hat hackers.

Posted 2 years ago

Last reply a year ago

Summary updated 2 months ago

Last updated 04/12 00:18