Uniswap Labs has launched a record-breaking $15.5 million bug bounty program for its v4 core contracts. This marks the largest bounty program in history. The announcement comes as the platform’s native token, UNI, experiences a 30% price increase. The bug bounty rewards range from $2,000 to $15.5 million based on vulnerability severity.
In addition to the bug bounty, the technical indicators for UNI show a mixed picture, with the token’s stochastic RSI indicating overbought conditions. However, in strong upward trends, such conditions can persist while prices continue to rise. This bug bounty program demonstrates Uniswap’s commitment to security as they prepare for the v4 release.
The combination of the security initiative and positive market performance has placed Uniswap in the spotlight of the cryptocurrency community.
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