StellaSwap Partners with ImmuneFi to Launch $250k Bug Bounty Program
The ImmuneFi Bug Bounty program aims to strengthen StellaSwap’s security from ground-up, and represents a vital pillar of our dedication towards security.
StellaSwap is proud to launch a bug bounty program with ImmuneFi, one of the pioneers in bug bounty programs within the Web3 world. This initiative will entail covering our smart contracts and incentivize ethical reporting of potential security vulnerabilities or exploits. We’ve set our bounty at $250,000 to ensure critical risks will be identified.
Security is Our #1 Priority
StellaSwap is fully dedicated towards the continual strengthening of our security infrastructure in order to safeguard our users. We have engaged Certik and SolidProof to perform full audits on our protocol. In addition to that every major product launch would be required to go through an audit before going live. This is to mitigate any risk threats to our protocol.
A bug bounty program with ImmuneFi serves to further strengthen our security infrastructure. ImmuneFi is the leading bug bounty platform in Web 3.0 that has already paid out over $40 million in bounties, having prevented over $20 billion in potential losses with around $132 million worth of bounties currently available. ImmuneFi is trusted by a number of DeFi protocols including Synthetix, Nexus Mutual, SushiSwap and many others.
The bug bounty program will only cover the following exploits and focuses wholly on smart contract vulnerabilities:
- Direct theft of any user funds, whether at-rest or in-motion, other than unclaimed yield
- Permanent freezing of funds
- Temporary freezing of funds for at least 3 days
You can read the full breakdown of what is covered, as well as potentially submit bugs, at our project page on the ImmuneFi website here > https://immunefi.com/bounty/stellaswap/
Bug Bounty Reward Distribution
The breakdown of the rewards are in accordance with ImmuneFi’s distribution criteria for the impact of the vulnerability.
Threat Level and reward distribution
Critical Risk: Up to USD 250,000
High Risk: USD 70,000
All bug reports require a PoC and a suggestion for a fix to be eligible for a reward.
Critical smart contract vulnerabilities are capped at 10% of economic damage, primarily taking into consideration funds at risk, but also PR and branding aspects, at the discretion of the team.
StellaSwap is the first and leading Moonbeam DEX that offers an integrated gateway to the DeFi world. Users can swap, earn, yield farm, bridge assets, explore new projects and engage in NFT trading all from a single unified platform. StellaSwap’s products are structured in such a way that facilitates decentralized governance of STELLA holders, while continuing to innovate on the collective foundations by design.