Usual and Sherlock launch a $16 million bug bounty program
According to The Block, the decentralized stablecoin protocol Usual has partnered with blockchain security company Sherlock to launch a bug bounty program, offering a reward of $16 million for finding critical vulnerabilities in its codebase. This bounty surpasses those previously set up by Uniswap ($15.5 million), LayerZero Labs ($15 million), and Wormhole ($10 million).
The Usual codebase has undergone 20 audits, including the most recent Sherlock audit competition, but no medium or higher-level vulnerabilities have been found. Only those deemed critical are eligible for the highest reward. Usual currently manages over $880 million in total value locked (TVL).
Sherlock CEO Jack Sanford stated that this collaboration aims to promote the integrity development of DeFi and enhance trust throughout the entire ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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