KEY TAKEAWAYS
- Uniswap launches a historic $15.5 million bug bounty program to enhance security for its v4 core contracts.
- Uniswap v4 introduces ‘hooks,’ enabling developers to create custom interactions and innovative market structures.
- Liquidity providers and swappers can expect significant cost savings with Uniswap v4, which is 99.99% cheaper for pool creation.
- Extensive security measures, including nine independent audits, underscore Uniswap’s commitment to a secure protocol deployment.
Uniswap has announced a groundbreaking $15.5 million bug bounty program aimed at identifying vulnerabilities in its Uniswap v4 core contracts. This initiative marks the largest bug bounty in history, reflecting Uniswap’s commitment to security as it prepares for the deployment of its latest protocol version.
Uniswap v4 represents a significant evolution of the Uniswap Protocol, transforming it into a developer platform. This transformation is facilitated by the introduction of ‘hooks,’ which are contracts that developers can create to customize interactions within the protocol. These hooks enable new features on top of the Uniswap Protocol, allowing for innovative market structures and asset management.
In addition to the new functionalities, Uniswap v4 promises cost savings for liquidity providers (LPs) and swappers. Pools on v4 are expected to be 99.99% cheaper to create, and users can anticipate significant savings on multi-hop swaps. The development of v4 involved contributions from over 90 developers, with hundreds of community pull requests, underscoring the collaborative effort behind this release.
Commitment to Security
Uniswap v4 has undergone extensive security reviews, including nine independent audits by firms such as OpenZeppelin, Spearbit, and Trail of Bits. Additionally, a $2.35 million security competition involving over 500 researchers found no critical vulnerabilities. Despite these efforts, Uniswap is taking further steps to ensure the security of v4 with the $15.5 million bug bounty.
The bug bounty program focuses on vulnerabilities within the Uniswap v4 core contracts, which are available in the Uniswap v4 GitHub repository. However, third-party contracts not deployed by Uniswap Labs, issues already identified in audits, and bugs in third-party applications are not covered by this program. Uniswap v4 periphery contracts are also excluded from the current scope but may be added in the future.
How to Participate
Researchers and developers interested in participating in the bug bounty program must submit their reports directly to the v4 Bug Bounty Page on Cantina within 24 hours of discovering a vulnerability. Submissions should include detailed information on how to reproduce the bug and its potential implications. Confidentiality is required until the issue is resolved, and eligible reports may lead to public recognition if they result in a code change.
The $15.5 million bug bounty is now live. Participants can explore the v4 codebase and submit any vulnerabilities they find. For full details on the bug bounty rules and disclosure requirements, visit the v4 Bug Bounty Page on Cantina.
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