Nov 26, 07:32 PM

Uniswap Labs Launches Largest $15.5 Million Bug Bounty for v4 Core Contracts, Amid $3.6 Billion DeFi Losses

Uniswap Labs has launched a bug bounty program offering up to $15.5 million for individuals who identify critical vulnerabilities in its version 4 (v4) core contracts. This initiative is being touted as the largest bug bounty in Web3 history, reflecting Uniswap's commitment to enhancing security in decentralized finance (DeFi) amid significant financial losses in the sector, with $3.6 billion reportedly drained since 2020. The v4 update introduces new features, including customizable 'hooks' for swaps and liquidity provider dynamics, aimed at improving user experience and security. The announcement underscores Uniswap's proactive approach to safeguarding its platform as it continues to innovate in the DeFi space.

#Uniswap Labs #Web3 #Uniswap #DeFi

Written with ChatGPT (GPT-4o mini).