Bend DAO Bug Bounty goes live on Immunefi. In addition to audit reports, Bug Bounty might be the best way to incentivize white hats to regularly search for bugs and potential vulnerabilities. The bug bounty can provide users with an additional level of security and show our long-term commitment.
Community Voting
The Funding of Bug Bounty has passed quorum with 94.29% approval. Voting Details
$1,500,000 worth of BEND tokens based on the IFO price will be transferred from the Treasury Reserve to Bug Bounty Reserve. If Bug Bounty ends, all remaining funds will be transferred back to the Treasury Reserve.
The BEND price in USD is calculated by averaging prices over a specified period of time. This period is from the bug submission to the bounty distribution.
Calculation formula:
Day Average Price = (Day High Price + Day Low Price) / 2;
Time Weight Average Price = Sum(Day Average Price) / Period;
Rewards by Threat Level
The breakdown of the rewards is in accordance with ImmuneFi’s distribution criteria for the impact of the vulnerability, see here for more details.