Uniswap (UNI) Announces $2.35M Prize Pool for v4 Security Competition

Uniswap
(UNI)
Labs,
in
collaboration
with
the
Uniswap
Foundation
and
Cantina,
has
announced
a
groundbreaking
security
competition
for
its
upcoming
v4
release.
The
competition,
featuring
a
$2.35
million
prize
pool,
is
set
to
be
the
largest
in
decentralized
finance
(DeFi)
history,
according
to

Uniswap
Protocol.

Competition
Details

The
v4
security
competition
will
commence
on
September
4,
2024,
and
run
until
September
30,
2024.
Participants
are
invited
to
submit
vulnerabilities
found
in
the
v4
core
contracts,
periphery
contracts,
and
the
Universal
Router.
The
rewards
will
be
allocated
based
on
the
severity
of
the
discovered
bugs
and
the
quality
of
the
documentation
provided
in
the
submissions.

Scope
and
Participation

The
competition
will
focus
on
reviewing
specific
GitHub
repositories
for
vulnerabilities.
Bugs
found
in
other
smart
contracts
that
pose
a
risk
to
user
funds
should
be
submitted
to
the
Uniswap
bug
bounty
program.

Interested
participants
can
register
and
find
more
details
on
the

Cantina
Competition
Page,
where
the
v4
Competition
will
be
posted
when
it
goes
live
in
September.
The
page
will
feature
comprehensive
information
on
the
scope,
final
commit,
and
prize
pool
tiers.

Funding
and
Terms

The
prize
pool
is
funded
by
Uniswap
Labs,
the
Uniswap
Foundation,
and
Certora.
By
submitting
a
report,
participants
grant
the
sponsors
all
necessary
rights,
including
intellectual
property
rights,
to
validate,
mitigate,
and
disclose
the
vulnerability.
Reward
decisions,
including
eligibility
and
amounts,
are
at
the
discretion
of
Uniswap
Labs,
the
Uniswap
Foundation,
and
Cantina.
The
full
terms
and
conditions
will
be
available
soon
and
may
be
subject
to
changes.

This
initiative
underscores
Uniswap’s
commitment
to
security
and
transparency
in
the
DeFi
space,
aiming
to
ensure
that
v4
will
be
the
most
audited
set
of
contracts
ever
deployed
on-chain.

Image
source:
Shutterstock