According to The Block, the decentralized stablecoin protocol Usual has collaborated with blockchain security company Sherlock to launch a bug bounty program, offering a reward of $16 million to find critical vulnerabilities in their code library. This bounty exceeds previous rewards set by Uniswap ($15.5 million), LayerZero Labs ($15 million), and Wormhole ($10 million). The Usual code library has undergone 20 audits, including a recent Sherlock audit competition, with no medium or higher-level vulnerabilities discovered. Only vulnerabilities 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 of DeFi and enhance trust in the entire ecosystem.
Usual and Sherlock launch bug bounty, offering $16 million
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