KEY TAKEAWAYS
- The Fusaka audit contest, co-sponsored by Gnosis and Lido, aims to enhance protocol security by identifying vulnerabilities before they impact the network.
- Early participation in the contest is incentivized with point multipliers, encouraging prompt vulnerability reporting.
- Gnosis and Lido’s financial contributions highlight the shared responsibility for Ethereum’s security across organizations.
- Sherlock continues to bolster Ethereum’s security through ongoing initiatives like its Bug Bounty Program, offering substantial rewards for vulnerability discoveries.
The Fusaka audit contest, co-sponsored by Gnosis and Lido, has commenced, hosted on Sherlock. The contest, which began on September 15th, will run for four weeks. Its primary aim is to enhance the scrutiny of the Fusaka upgrade and identify vulnerabilities before they can affect the network.
To incentivize early participation, findings reported in the first week will receive a 2x multiplier on their points, while those in the second week will have a 1.5x multiplier. A Fusaka auditor guide has been prepared to assist security researchers in their efforts.
Gnosis and Lido have contributed significant funds to the contest, with Gnosis providing 100,000 and Lido contributing 25,000. This co-sponsorship is strategically important for the Ethereum ecosystem, as it emphasizes that protocol security is a shared responsibility across multiple organizations.
Audit Contest Structure and Rewards
An audit contest is a time-bound competition designed to strengthen the protocol. Security researchers are encouraged to actively search for vulnerabilities in the Fusaka codebase under specific rules. Only impactful and rule-compliant findings are rewarded.
After the contest concludes, all findings will be reviewed, validated, and compiled into an official report. This process ensures that discovered vulnerabilities are tracked and mitigated, and lessons learned are shared. Top researchers will be recognized for their contributions.
Ongoing Security Initiatives
Outside of the Fusaka audit contest, Sherlock continues to support the Ethereum network’s security through its ongoing Bug Bounty Program, which offers rewards of up to $250,000 for vulnerabilities affecting the broader Ethereum protocol.
Sherlock, founded in 2021, is a comprehensive smart contract security platform. It protects protocols throughout their lifecycle via collaborative audits, large-scale contests, post-launch bug bounty programs, and financial coverage. Sherlock has previously conducted the audit of the Pectra Bytecode upgrade at the end of 2024.
For more information, the announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
The Fusaka audit contest, co-sponsored by Gnosis and Lido, has launched to enhance the security of the Fusaka upgrade, offering significant rewards for early vulnerability findings.
A recent industry report highlights the growing trend of collaborative security efforts in the Ethereum ecosystem. This trend is evident in the Fusaka audit contest, which incentivizes community engagement to strengthen protocol security before the upgrade’s full deployment.
According to Sherlock, expert opinions emphasize the importance of this audit contest as a critical initiative to secure Ethereum’s significant upgrade. This underscores the contest’s role in safeguarding Ethereum’s protocol enhancements and future scalability.
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