Hundred Finance Launches Bounty Partnership with Immunefi
As part of our ongoing work to ensure the security of Hundred Finance and its users, we are incredibly pleased to be able to announce our partnership with one of the most successful platforms working to secure decentralized finance around today, Immunefi. Together, we are launching a new security campaign that will see up to $50,000 made available to parties who discover the most severe form of bugs in the Hundred Finance protocol, should they ever be found to exist.
Delivering Bug Bounties through an Immunefi Partnership
Our new bug bounty campaign will focus on Hundred Finance’s smart contracts and the prevention of potential exploits that would result in the loss of user funds. The bounty rewards will be distributed in accordance with a five-level scale, with separate scales for websites/apps and smart contracts/blockchains, encompassing everything from the consequences of exploitation to privileges required in order to be successful in an exploit.
And while we will want to emphasize we will remain constantly vigilant in our in-house development and code reviews, we know that this effort with Immunefi will help secure our multi-chain ecosystem as we launch new and compatible deployments, services and integrations in the future.
This types of bugs the campaign is focused on preventing are:
- Thefts and freezing of principal of any amount
- Thefts and freezing of unclaimed yield of any amount
- Theft of governance funds
- Governance activity disruption
- Redirected funds by address modification
You can read the full breakdown of what is covered, as well as potentially submit bugs, at our project page on the Immunefi website at: https://immunefi.com/bounty/hundred-finance/
Conclusion
With the DeFi sector a major target for cryptocurrency hacks last year, we on the Hundred Finance team adamantly believe that this Immunefi partnership will strengthen our branding, adding an additional layer of security to our existing security checks. We would like to stress that we will enthusiastically engage white hats and the community to products integral to the growing multi-chain ecosystem that cryptocurrency and DeFi has become.
About Hundred Finance
Hundred Finance is a decentralized application (dApp) that enables the lending and borrowing of cryptocurrencies. As a multi-chain protocol, it integrates Chainlink Price Feeds to help ensure market health and stability while specializing in serving long-tail assets.
For further information on Hundred Finance, check out:
Twitter | Discord | Telegram | Github
About Immunefi
Immunefi is the world’s leading bug bounty and security services platform for DeFi, having successfully guarded over $50 billion in user funds across projects like Polygon, Chainlink, SushiSwap, PancakeSwap, Bancor, Cream Finance, Compound, Alchemix, Nexus Mutual, and others. The company has also paid out the most significant bug bounties in the software industry and has pioneered the scaling DeFi bug bounty standards. For more information, please visit: https://immunefi.com
