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- Five committed bug bounty initiatives enhanced across 1inch core elements, such as smart contracts, wallet, and infrastructure.
- A community-centric strategy to bolster DeFi security and robustness.
1inch, the foremost DeFi aggregator, has introduced an advanced bug bounty program, encompassing five essential areas of its platform, with rewards reaching as high as $500,000. Through this initiative, 1inch showcases its dedication to upholding the utmost level of security across its smart contracts, wallet, dApp, developer tools, and infrastructure.
As DeFi evolves, so does the interconnectedness and intricacy of its protocols – alongside the potential for vulnerabilities that might still be uncovered. From exploits in smart contracts to weaknesses at the infrastructure level, projects have to navigate an expanding attack landscape. By harnessing the efforts of the global white-hat hacker and security research community, 1inch aspires to fortify its framework and promote responsible disclosures.
Community-Oriented Security at Scale
Each of the following bounty initiatives features a well-defined scope and multi-tiered rewards to stimulate maximum involvement and efficacy:
Bug bounty initiative 1: 1inch smart contracts – rewards of up to $500,000
The 1inch ecosystem consists of interlinked smart contracts that consolidate liquidity from various decentralized exchanges to carry out optimal token swaps. A comprehensive outline of the program and rewards is available here.
Bug bounty initiative 2: 1inch Wallet – rewards of up to $100,000
This bounty initiative centers on potential vulnerabilities within the 1inch Wallet, a multi-chain non-custodial DeFi crypto wallet designed for secure storage and transactions via an intuitive interface. A comprehensive outline of the program and rewards is available here.
Bug bounty initiative 3: 1inch Developer Portal – rewards of up to $100,000
This bounty initiative focuses on the 1inch Developer Portal, a Web3 cloud SaaS (software as a service) platform offering diverse APIs. A comprehensive outline of the program and rewards is available here.
Bug bounty initiative 4: 1inch dApp – rewards of up to $50,000
The 1inch dApp stands as the leading DeFi aggregator, providing access to the most profound liquidity and the finest token swap rates across various DEXes. Its unique characteristics include partial fills and the capability to identify the best swap routes amid diverse liquidity sources. A comprehensive outline of the program and rewards is available here.
Bug bounty initiative 5: 1inch infrastructure – rewards of up to $20,000
This program concentrates on pinpointing vulnerabilities that affect the overall infrastructure of the 1inch platform, supplementing the product-specific programs mentioned earlier. A comprehensive outline of the program and rewards is available here.
Sergej Kunz, Co-founder of 1inch, stated “Through our newly launched bug bounty initiatives, we extend an invitation to external experts and white-hat hackers to assess the strength of our defenses. Even the most adept in-house security teams, including ours, can gain from novel insights. It’s better to offer bounties than to pay for breaches.”
About 1inch
1inch accelerates decentralized finance by providing a seamless crypto trading experience for 23M users. In addition to being the premier platform for low-cost, efficient token swaps facilitated by $1B in daily trades, 1inch offers an array of innovative tools, such as a secure self-custodial wallet, a portfolio tracker for managing digital assets, a developer portal for building on its state-of-the-art technology, and even a debit card for effortless crypto spending. By consistently innovating, 1inch is simplifying DeFi for everyone.
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