Usual and Sherlock have announced the launch of the industry's largest bug bounty program, worth $16 million, aimed at identifying critical vulnerabilities in Usual's codebase.
Usual and Sherlock's Collaboration
Usual has partnered with Sherlock to launch a $16 million bug bounty program, surpassing the previously largest Uniswap bounty of $15.5 million. The program rewards only those findings that pose a definite and significant risk of fund loss or freezing for over a year, without external conditions.
Comparison with Other Programs
High-value bug bounties are becoming a trend in crypto security. Recently, Sonic Labs teamed up with Immunefi to offer a $2 million bounty, while Compound Finance launched a similar $1 million program, also in partnership with Immunefi. In November 2024, Uniswap launched a $15.5 million bounty, previously the largest, now surpassed by Usual and Sherlock.
Implications and Significance
The launch of the bug bounty program by Usual and Sherlock underscores their commitment to enhancing security and protecting users on the platform. This milestone is significant for the advancement of security in the crypto industry.
Usual and Sherlock's bug bounty program, now the largest in the industry, highlights the importance of security in crypto projects and brings attention to the protection of user funds.
