Hats Finance Teams Up with Oasis to Boost Security for Decentralized Apps (dApps)
In a strategic move to fortify security for decentralized apps (dApps) on the Sapphire platform, Oasis has joined forces with Hats Finance. The collaboration has led to the launch of a $1 million $ROSE pool dedicated to funding secondary audits and bug bounties. The primary goal of this initiative is to elevate dApp security within the Oasis ecosystem.
Recently, Oasis made headlines with the announcement of a generous $1 million $ROSE pool allocated for secondary audits and bug bounties for projects within their ecosystem. Researchers and hackers affiliated with Hats Finance now have the opportunity to earn rewards by identifying vulnerabilities in selected dApp codes. To learn more about this exciting partnership, visit the link below:
https://t.co/9Mw9NcHE4F
— Oasis (@OasisProtocol) June 21, 2024
Hats Finance Takes Charge of Oasis dApp Security Program
Hats Finance will be spearheading this program, aiming to incentivize researchers and hackers who successfully exploit vulnerabilities in designated dApp codes. The first dApp slated for review is illumineX, with the competition set to kick off in July.
Safeguarding the network and ecosystem has always been a paramount concern for Oasis. Teaming up with Hats Finance represents a significant stride towards ensuring comprehensive audits and bug bounties for Oasis projects. The $1 million $ROSE pool is designed to alleviate the financial burden on dApp developers and streamline the auditing process.
Hats Finance conducts routine audits in collaboration with security experts and hackers, providing bug bounties for initially deployed dApps. This meticulous approach guarantees the identification of legitimate and significant vulnerabilities.
Hats Finance Harnesses EVM Compatibility to Bolster Oasis Security
Ofir, the head of growth at Hats Finance, highlighted their successful past collaborations and emphasized that ramping up audits and bounties would heighten security for users and developers alike.
Utilizing its subgraph and affiliated contracts on Sapphire, Hats Finance will leverage EVM compatibility and Safe support to establish a registry and governance multisig Safe on Sapphire. This proactive measure will reinforce the security infrastructure of the ecosystem.
