Yearn Finance, a suite of DeFi products that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain., today announced it has launched its bounty program with Immunefi, a leading bug bounty platform for smart contracts and DeFi projects.
This Yearn Finance bug bounty includes bounties ranging from $100 to $200,000…
The size of the bounty payout depends on the assessment of the severity of the exploit. Besides, the Yearn team will study the likelihood that a bug could have a meaningful impact on availability, integrity, and/or loss of funds. After this is considered, then a final decision on a payout amount will be made.
Note, all payouts will be supervised by Yearn Finance and will be paid out in USD.
Yearn + Immunefi
In short, Immunefi empowers security researchers to review code, disclose vulnerabilities while getting paid to do so. In addition, Immunefi enables companies to secure their projects with leading blockchain knowledgable security talent.
Immunefi was the first on the market to introduce a scaling bug bounty standard and has built the largest community of security talent in the crypto space. Since its launch, Immenefi has paid out over $3,000,000 in bounties to whitehat hackers.
“Vulnerabilities in smart contracts represent a possibility of a direct loss of funds; meaning companies need to come up with the most cost-effective way to ensure their safety. One of those ways is launching a bug bounty, and we’re excited to see more companies turning to this option. We’re proud Yearn Finance chose us among other platforms, and look forward to our collaboration.”
– Mitchell Amador, Founder & CEO of Immunefi
Prior to Yearn Finance, Immunefi onboarded a number of the leading BSC projects to its platform. Some of the projects included PancakeSwap, Zapper, ApeSwap, PantherSwap, Value DeFI, DODO, and others.