Uniswap Labs Announces $2.35 Million Contest to Ensure Security of Uniswap v4

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Notable Move by the Uniswap Team
  2. Details on the Security Contest
  3. Features and Innovations of Uniswap v4


    4. The main development company behind the popular Ethereum-based decentralized exchange, Uniswap Labs, has announced the launch of a $2.35 million security contest prize pool for the upcoming release of version v4.

    Notable Move by the Uniswap Team

    The non-profit Uniswap Foundation and the web3 auditing network Cantina are also supporting the effort. The $2.35 million prize pool is said to be the largest in DeFi history. The prize will fund independent reviews of Uniswap v4’s smart contracts and the new Universal Router system that enables swaps between ERC-20 tokens and NFTs.

    Details on the Security Contest

    Audit contests are a common way for teams to discover and fix code vulnerabilities that could be exploited by attackers. This is an important process in the cryptocurrency world, especially since smart contracts cannot be updated once launched. The security contest will start on September 4 and continue until the end of the month.

    Anyone can report vulnerabilities in the v4 codebase. Rewards will be allocated based on the severity of the disclosed bug and the quality of the submitted documentation.None

    Features and Innovations of Uniswap v4

    Uniswap v4 will introduce various new capabilities, such as setting dynamic fees in liquidity pools, on-chain limit orders, and custom oracles. Unlike previous versions, v4 aims to reduce transaction costs by consolidating all liquidity pools into a single contract, freeing users and liquidity providers from fees. The v4 code will be released under a four-year Business Source License, limiting what others can do with the code.

    Uniswap Labs has launched an ambitious security contest for their new Uniswap v4 release, aiming to make this version the most audited and secure in DeFi project history.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Pirate Chain Developers Report Major Vulnerability

Pirate Chain developers disclosed a significant vulnerability leading to the creation of approximately 398 million unauthorized ARRR tokens, raising urgent questions about network supply and trust.

user avatarSatoshi Nakamura

Crypto King Aiden Pleterski Faces Criminal Charges Over Misuse of Investor Funds

A Canadian court hears evidence that Aiden Pleterski misused investor funds for personal expenses.

user avatarJesper Sørensen

BinanceUS Seeks $100 Million in Fundraising Round

BinanceUS is reportedly pursuing a $100 million fundraising round at a valuation of approximately $1 billion to strengthen its position in the American cryptocurrency market.

user avatarRajesh Kumar

Consulting Arrangement Raises Questions About Tether and Bo Hines

A reported $63 million consulting arrangement between Tether and Nxum, linked to former White House adviser Bo Hines, has sparked concerns over potential conflicts of interest.

user avatarLucas Weissmann

Arbitrum Engages European Financial Institutions on Blockchain Infrastructure

Arbitrum representatives presented the network's infrastructure and revenue model to European financial institutions managing substantial assets, discussing its commercial potential and the value of blockchain services.

user avatarFilippo Romano

Grayscale Partners with Republic to Launch Specialized Crypto Funds

Grayscale and Republic have launched three specialized cryptocurrency funds with a minimum investment of $2,500 for accredited investors, focusing on decentralized finance, artificial intelligence, and blockchain data infrastructure.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.