Layer3, a decentralized attention layer project, has launched a bug bounty program with rewards of up to $500,000. This initiative, in collaboration with HackenProof, aims to enhance the security of its omnichain infrastructure, which is vital for functions like distribution, identity, and incentives across more than 500 ecosystems.

Bounties range from $5,000 for medium-severity issues to a maximum of $500,000 for critical vulnerabilities. Critical-severity issues are rewarded with a six-month linear vesting schedule in DEXE tokens, while other bounties may be paid in stablecoins.

Focus of the Bounty Program

The bounty program is designed to identify and address vulnerabilities within Layer3’s smart contracts. It targets critical issues that could result in the theft or loss of staked funds, unauthorized transactions, or the permanent freezing of assets.

Tokenized attention needs next-level security. The Layer3 Foundation has set up a $500K Bug Bounty program with HackenProof.

Hackers can submit reports on any vulnerabilities, even those outside the specified categories, as long as they adhere to the program rules. HackenProof’s team will review and triage each submission.

Layer3’s Definition of Vulnerabilities

Layer3 has clearly defined what constitutes “in-scope” and “out-of-scope” vulnerabilities.

In-scope vulnerabilities include:

  • Unauthorized fund transfers
  • Bypassing access controls
  • Emergency withdrawals

Out-of-scope issues involve:

  • Gas optimizations
  • Other non-critical aspects that do not directly impact the smart contract’s functionality

Program Rules

Participants must follow strict program rules, including submitting one vulnerability per report and providing a proof of concept for all severity levels. Testing should only occur within a defined scope, avoiding any actions that could disrupt services or compromise personal data.

The program also prohibits activities like DoS/DDoS attacks, social engineering, and using automated tools to spam forms.

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