Bounty looks to improve issues related to smart contracts and increase the security of user’s funds.
Bug Bounty Shows Security Seriousness
Moonpot has enlisted the trusted support of Immunefi to ensure safe prize draws for their lottery system. The two groups have created an incentivized system to implement fairness while improving smart contracts to prevent unwanted disruptions.
The reward system will follow a simplified version of the Immunefi Vulnerability Severity Classification System. The normally five-tiered scale system will only have three levels. The bounties awarded will increase based on scope and difficulty from $1000 to $10,000, and ultimately $50,000. The bug bounty went live on Aug. 25, according to the Immunefi website post.
“The bug bounty with Immunefi will not only help us ensure the prize draws are fair, but it will also help ensure the entire platform is safe for users,” said Mooncow, a founder of Moonpot, in an exclusive comment to BSC.News. “We chose to work with Immunefi as they have an excellent track record of working with the best platforms in DeFi.”
As the prizes from Moonpot continue to grow––current draws are up to $1,113,517––the cause for security rides in tandem. Having a bug bounty is a solid message to users and investors that their funds are taken seriously.
The reputation by Immunefi is among the best in all of crypto, and Moonpot benefits from its power and success with the partnership. The team also employs the Chainlink VRF for the utmost security.
Although it appears to be tons of fun and games, Moonpot has shown seriousness to protection with the latest move.
“Even though we are only a month or so old, we’re taking advantage of every opportunity to keep Moonpot safe,” confirmed Mooncow.
Bounty Details
Moonpot has prioritized over a dozen vulnerabilities they are looking to improve. Issues range from re-entrancy and user reauthentication errors to congestion and scalability issues like gas limitations and the impact of frontrunning bots.
As with almost all bug bounties, prevention of any loss of funds is of the utmost concern. Prevention of any freezing of funds or yields is also important.
At this time, the Github for Moonpot is private, but access may be granted for validation of ‘proof of concept’ to complete a bug report. There is no Know Your Customer (KYC) confirmation required, so any participant should know their identity is safe.
All payouts are arranged directly with Moonpot’s team. Payments are in United States dollars, but payouts could potentially be furnished in POTS, the Moonpot native token, BUSD, or BNB.
Interested parties should inquire at the Immunefi bounty page for Moonpot.
What is Moonpot
Moonpot is a win-win lottery on Binance Smart Chain (BSC) with the mission to help as many people as possible grow their assets safely and securely while having fun doing so. Moonpot savings vaults make it simple for anyone to access the bank-beating DeFi interest rates available in crypto. A weekly lottery gives everyone saving via Moonpot the thrill of a possible big win while never putting their deposit at risk. The yield system of Beefy Finance powers the protocol.
Where to find Moonpot:
Source : bsc.news
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