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FolksFinance has announced the launch of an Audit Competition aimed at enhancing its liquid staking program, set to begin on December 9th. The competition will offer a total of $30,000 in rewards and will feature 651 nSLOC. In a separate initiative, Chainlink has initiated a $100,000 competitive audit for its Payment Abstraction system, which is designed to streamline billing and reduce payment friction for users. This audit, hosted by code4rena, will last for four weeks and encourages participants to identify significant vulnerabilities to win prizes. The Payment Abstraction system allows for fees to be accepted in various tokens, which are converted to LINK through an on-chain decentralized exchange.
The $100K competitive audit for Chainlink Payment Abstraction has just begun on @code4rena & will run for 4 weeks https://t.co/1ZgHuSHJZ5
$LINK = Universal Gas Token Payment Abstraction = reduce payment friction & simplify billing for @Chainlink users by accepting fees in various tokens, which are converted to $LINK via an onchain DEX A cross-chain, Chainlink-powered billing systems now under audit @code4rena https://t.co/jiMPzr1DIR https://t.co/oCv13cu22R
The $100K competitive audit for Chainlink Payment Abstraction has just begun on @code4rena & will run for 4 weeks. Payment Abstraction is a core component of the billing system. It aims to reduce payment friction & simplify billing for users interacting with Chainlink services. https://t.co/jR4fsc8pwp
