KEY TAKEAWAYS
- Omni Foundation launches a $500,000 bug bounty program in collaboration with Immunefi to enhance protocol security.
- Participants can earn rewards from $1,000 to $500,000 based on the severity of identified vulnerabilities.
- Omni’s program focuses on its V1 release, including xchain messaging and the Omni EVM, with rewards paid in USDC on Ethereum L1.
- Omni has previously collaborated with top blockchain auditors and aims to maintain a secure onchain economy through community engagement.
The Omni Foundation has announced a $500,000 bug bounty program to encourage developers and ethical hackers to identify vulnerabilities in its protocol. This initiative is in collaboration with Immunefi, a leading bug bounty platform in the Web3 space. The program details can be accessed here.
Immunefi connects white hat hackers and security analysts with blockchain projects to uncover and address potential security threats. By participating in these programs, ethical hackers can earn significant rewards while contributing to the security of blockchain ecosystems. To date, Immunefi has helped save over $25 billion in user funds and has paid out over $110 million in bounties. Currently, the platform offers bug bounties totaling $182 million.
Omni’s Bug Bounty Program Details
Omni’s bug bounty program focuses on its V1 release, which includes xchain messaging and the Omni EVM as primary components. Participants can earn rewards based on the severity of the vulnerabilities they uncover, with payouts ranging from $1,000 for low-severity issues to $500,000 for critical vulnerabilities. Rewards will be distributed in USDC on Ethereum L1.
Submissions are evaluated based on the Primacy of Impact, meaning the impact of the vulnerability is prioritized over the specific asset affected. Participants must provide a Proof of Concept (PoC) that demonstrates the bug’s impact, adhering to Immunefi’s PoC Guidelines and Rules. Additionally, Know Your Customer (KYC) verification is required for all submissions.
Enhancing Security with Community Collaboration
Omni has previously collaborated with leading blockchain auditors such as Spearbit, Sigma Prime, and Zellic to ensure the security of its protocol. The foundation has already paid out $1,000,000 in bounty rewards during the Spearbit Cantina competition. By partnering with Immunefi, Omni aims to maintain a secure and reliable abstraction layer for the onchain economy.
For more information on participating in the bug bounty program, interested parties can visit the Immunefi platform at bugs.immunefi.com.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
