- The largest crypto -bug premium so far, which exceeded Uniswap’s $ 15.5 million.
- Usually has undergone 20 security audits, all of which do not find major mistakes.
- Other protocols are left behind, with Max Promies at $ 2 million so far.
The usual Stablecoin protocol has unveiled a record setting of $ 16 million BUG Bounty program in collaboration with Blockchain security company Sherlock.
The initiative, now the largest in the crypto sector, focuses on critical code base errors that can lead to the loss or freezing of funds.
Host on the Sherlock platform, the premium will only grant findings that emphasize confirmed and long -term security risks, with an emphasis on realistic exploit scenarios.
The launch marks a considerable escalation in the safety of the chain industry, so that Uniswap’s $ 15.5 million premium is announced at the end of 2024.
Crypto Security touches $ 16 million milestone
The $ 16 million premium Makes the new leader in the Blockchain Security Race, so that all previously recorded BUG Bounty rewards in the decentralized finance (Defi) ecosystem are darkened.
The largest premium was offered for this by Uniswap Labs in November 2024, a total of $ 15.5 million.
The Bounty of usual sets a new precedent and comes at a time when the total value on its platform has been locked (TVL) on its platform $ 880 million has crossed, which increases the need for robust defense mechanisms.
In contrast to standard BUG principles, the usual Sherlock initiative focuses on vulnerabilities with the potential to cause irreversible damage.
Only bugs that result in definitive loss of funds or indefinite freezing, which last a year or more without dependence on external circumstances, will be eligible for rewards.
This selective approach is threatened to give priority to threats with the highest impact in the real world.
20 security audits complete, no errors found so far
The launch of this $ 16 million program follows a series of security checks on the codebase of USual.
According to Sherlock, the protocol has already undergone 20 audits, including a recent audit game hosted by Sherlock with a prize pool of $ 209,000.
None of the audits identified critical problems in the code, which increases trust in the industry in the architecture of the protocol.
This latest premium campaign is fully organized on the Sherlock platform, which serves as a hub for checking blockchain applications through the community of vulnerability yachts.
The role of Sherlock ensures that the premium process is managed transparent, competitive and efficiently, giving ethical hackers clear guidelines on what is eligible for a payment.
Threat detection becomes priority
As Defi -Platforms grow in complexity and capitalization, the scale and stringence of bug prontry’s have become important distinctive factors.
For usual, this initiative means a strategic step to reassure users and institutional partners about the integrity of its activities.
The push to larger and more focused Bug -Bounty programs underlines a ripening industry that is struggling with escalating threats.
In a space where vulnerabilities can be used within a few seconds, pre-launch security care care is just as critical as post-launch performance statistics.
