Immunefi Adds Two More Projects to Priority One Bounty Program on BSC

Priority One is the largest of its kind and is run by one of the leading bounty facilitators in all of DeFi.

By
Kyle Heise
on
October 10, 2021
Category:
BSC News

Priority Grows with Security

The Binance Smart Chain (BSC) just got a little bit safer. The Priority One Program by Immunefi signed on two more protocols: Wault Finance and Tranchess

The Priority One Program launched last month as a serious step towards growing security on the chain. The bounty program has a total of $10 Million in BNB token allocated for five protocols. The Priority One program is the largest program of its kind for BSC projects.

“Security is the top priority for BSC, and this program is the largest of its kind in crypto. The total bug bounty pool available is $10mm per year in BNB,” the announcement from Immunefi on Oct. 8 reads. “Priority One will offer matching funds to boost the total bounty payout to anyone who discloses a high or critical vulnerability.”
Source

BSC has been riddled with exploits, and the joint program is a serious step towards collective safety on the largest chain in crypto. The goal is to make a safer and more secure Binance Smart Chain for all users.

The importance of safety and security in decentralized finance (DeFi) cannot be overstated. As long as the industry remains outside the purview of regulators, programs like the Priority One from Immunefi will act as a bastion in the defense against bad actors.

The growth of this initiative should be a welcoming sign for the users who are on these platforms and use their respective tokens. The first three projects covered in the program were Belt Finance, Alpaca Finance, and AutoFarm.

All projects on Binance Smart Chain that already have a bounty established with Immunefi are eligible for participation. Immunefi’s website shows scores of projects currently utilizing bounties with them. BSC News hopes that all projects consider incorporating this into their roadmap and development.

About Immunefi:

Immunefi is the leading bug bounty platform for BSC projects. Immunefi launched in December 2020, as a bug bounty platform focused on blockchain and smart contract security. It provides bug bounty hosting, consultation, bug triaging, and program management services to blockchain and smart contract projects. Immunefi has saved hundreds of millions in user funds and continues to protect users’ funds and data.

To read up more on Immunefi, go to these links:

Website | Twitter | Medium | Discord | YouTube

Tags:
Kyle Heise

Born and raised in the East Bay of California. He has studied and worked on three continents and lived in eight countries. Kyle resides in San Francisco. He holds bags mostly in Ethererum, Cake, and BSC GameFi projects.

Text Link

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.