Uniswap Labs revealed on Tuesday that it launched a bug bounty program aimed at testing its v4 protocol security.
Uniswap Labs announced that it has introduced a bug bounty for its v4 platform. The bounty aims to expose vulnerabilities in its v4 core contracts with rewards up to $15.5 million. Uniswap 's v4 upgrade could transform its protocol into a developer platform. The bounty is alleged to be the largest the crypto market has seen with rewards up to $15.5 million.
In return, projects offer financial rewards for successful discoveries. The v4 is Uniswap's latest upgrade to its protocol with additional features like Hooks to make the decentralized exchange a developer-friendly platform. Hooks will allow developers to build innovative features on top of the Uniswap, including customizing how pools, swaps, fees and LP positions interact. Uniswap also claims that the creation of liquidity pools on the v4 will enable a 99.9% fee reduction.
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