Sonic Chain, a division of Fantom, has introduced Gateway, a bridge to Ethereum that enhances asset transfer security.
What Measures Ensure Security for Users?
The bridge has been thoroughly audited by three leading security firms: Open Zeppelin, Quantstamp, and Certora Inc. Sonic Chain is dedicated to maintaining high security standards and has partnered with ImmuneFi to establish a bug bounty program.
How Will the Bug Bounty Program Work?
Sonic Labs has allocated a substantial $2 million for its bug bounty initiative. Users on the Ethereum network who hold FTM can seamlessly upgrade their assets to Sonic through Gateway, with specific contract addresses for USDC, EURC, and WETH provided for added protection.
Future Plans and Ecosystem Development
Sonic Chain’s developers are also focused on launching new decentralized applications (DApps) to foster greater adoption of the protocol.
This integration with FTM creates more asset transfer opportunities while ensuring robust security measures, promoting growth for both Sonic Chain and the broader Fantom ecosystem.
