Alisa Davidson
Printed: September 11, 2024 at 12:03 pm Up to date: September 11, 2024 at 12:03 pm
Edited and fact-checked:
September 11, 2024 at 12:03 pm
In Transient
Symbiotic introduced the launch of a 3-week bug bounty contest for its core contracts, providing as much as $120,000 in prizes.
Restaking protocol Symbiotic introduced the launch of a 3-week bug bounty contest for its core contracts, providing as much as $120,000 in prizes. It has already began and can run till 20:00 UTC on October 2nd.
The first prize pool is $112,500, with distribution primarily based on the severity of findings. If a number of legitimate medium severity points are reported, the entire prize quantity shall be $50,000. If legitimate excessive severity points are recognized, the prize pool will increase to $120,000.
Moreover, $7,500 is allotted for low severity findings. Studies are assessed primarily based on their high quality, and prizes are awarded to the highest 5 reviewers as follows: $3,000 for first place, $2,000 for second, $1,000 for third, and $750 every for fourth and fifth locations.
What Includes The Core Of Symbiotic?
Symbiotic is a shared safety protocol designed to permit decentralized networks to regulate and customise their multi-asset restaking implementations. It consists of Collateral, a brand new asset kind that allows stakeholders to earn yields on their funds while not having to lock them up or convert them into totally different belongings. Moreover, Symbiotic options Vaults, which function the layer for delegation and restaking administration. Vaults deal with important features reminiscent of accounting, delegation methods, and reward distribution. Operators are the entities that run infrastructure for decentralized networks, each throughout the Symbiotic ecosystem and past.
Moreover, Symbiotic incorporates Resolvers, that are contracts or entities answerable for dealing with and doubtlessly vetoing slashing incidents forwarded from networks and will be shared throughout networks. The protocol additionally consists of Networks, which discuss with any protocols requiring decentralized infrastructure to supply companies throughout the cryptocurrency economic system. These Networks can facilitate numerous features, reminiscent of enabling builders to deploy decentralized purposes by managing transaction validation and ordering, supplying off-chain knowledge to purposes, or guaranteeing dependable cross-network interactions for customers.
The scope space of the competition consists of symbiotic-fi/core, with a complete of 1,970 non-source strains of code (nSLOC). It covers a spread of sensible contracts, reminiscent of NetworkRegistry.sol, SlasherFactory.sol, VaultConfigurator.sol, OperatorRegistry.sol, DelegatorFactory.sol, and VaultFactory.sol, together with many others.
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About The Writer
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
