The new DeFi Saver bug bounty is now live on Immunefi! Immunefi is a bug bounty platform for smart contracts and DeFi projects, where security researchers review code, disclose vulnerabilities, get paid, and help make the entire DeFi ecosystem safer.
We’re thrilled to be in a position to say that DeFi Saver has become a very popular app among DeFi users with the trade volume happening at DeFi Saver surpassing $1 Billion in Q1 2021 alone. Additionally, our flagship feature, Automation, currently manages over $700m in user funds in a number of assets in positions in MakerDAO, Compound and Aave.
These kinds of numbers certainly highlight the importance of security and the need to ensure that the DeFi Saver app is a safe place for all users’ funds. This is why an Automation audit was completed with Dedaub in January, and our latest feature, the Recipe Creator with the whole underlying architectural overhaul, has been audited by both Dedaub and Consensys Diligence before launch.
Establishing a formal bug bounty has been our next important goal and, although we’ve already paid out bounties on two occasions, it was crucial to make sure that any information becomes detailed and fully public and we’re very glad that the Immunefi team was there to help us set up everything.
Our bug bounty program is primarily focused on smart contracts, while we are mostly concerned with the potential loss of user funds and approval/auth attacks.
Rewards are distributed according to the impact of the vulnerability based on the Immunefi Vulnerability Severity Classification System. The current bounty rewards are:
- Critical: $50,000 USD
- High: $10,000 USD
- Medium: $1,000 USD
Bounty rewards can be paid out in either DAI or USDC, at the bounty hunger’s choice.