Enzyme (formerly Melon), a crypto-asset portfolio management platform, announced it is restructuring its bug bounty program in collaboration with Immunefi, a bug bounty & security services platform.
With up to $250,000 USDC in rewards, this will be one of the largest bounties in DeFi for critical vulnerabilities on Enzyme Finance smart contracts.
Rewards by Threat Level
Rewards are distributed according to the impact of the vulnerability based on the Immunefi Vulnerability Severity Classification System.
This is a simplified 5-level scale, with separate scales for websites/apps and smart contracts/blockchains, encompassing everything from the consequence of exploitation to privilege required to the likelihood of a successful exploit.
“Our joint mission in co-launching this program is to protect Enzyme users by revealing smart contract vulnerabilities before they get exploited. We strongly encourage devs and security researchers to look through the code, find vulnerabilities, build rep, and get paid.”
– The Enzyme Team