Oasis has joined forces with Hats Finance to bolster the security of decentralized apps (dApps) on its Sapphire platform. In order to fund secondary audits and bug bounties, Oasis has introduced a $1 million ROSE pool. The objective of this initiative is to enhance the security of dApps within the Oasis ecosystem.
In an announcement made this week, Oasis revealed the establishment of a $1 million ROSE pool specifically dedicated to funding secondary audits and bug bounties for projects within its ecosystem. Researchers and hackers affiliated with Hats Finance can now earn rewards by identifying vulnerabilities in selected dApp code. To learn more about this initiative, visit the provided link.
Taking charge of this program is Hats Finance, whose primary goal is to reward researchers and hackers who successfully uncover exploits in selected dApp code. The first dApp to undergo this review process will be illumineX, with the competition set to commence in July.
The security of the network and ecosystem has always been of utmost importance to Oasis. By collaborating with Hats Finance, Oasis aims to ensure comprehensive audits and bug bounties for its projects. The $1 million ROSE pool is designed to reduce costs for dApp developers and streamline the auditing process.
Hats Finance conducts regular audits with security researchers and hackers, offering bug bounties for initially deployed dApps. This guarantees that all identified vulnerabilities are significant and authentic.
Ofir, the head of growth at Hats, highlighted their previous collaboration and emphasized that increasing the number of audits and bounties would enhance the security of both users and developers.
To strengthen the ecosystem’s security apparatus, Hats Finance will leverage EVM compatibility for Oasis security. They will utilize their subgraph and associated contracts on Sapphire, benefiting from EVM compatibility and Safe assistance in creating a registry and a governance multisig Safe on Sapphire.