In our @aave listed asset bug bounty series, today we look at @KelpDAO rsETH. With over $1.29B secured, a $250k max bounty is insufficient, leaving the ecosystem exposed.
KelpDAO, here’s how you could improve your program. ↓
KelpDAO’s bug bounty program is currently hosted on @immunefi with a maximum payout of only $250,000. The bounty’s scope includes coverage for websites, applications, and smart contracts. We view the financial incentives as insufficient compared to the size of one of the most significant Liquid restaking protocols.
While the bug bounty exceeds our recommended minimum $50,000 necessary to attract skilled researchers, we believe the current $250,000 max bounty could be improved to account for over $1.29 billion in rsETH TVL.
In our view, protocols that have a TVL above $250 million, a maximum payout exceeding $1 million, represent a sufficiently capitalized program. This amount signals a serious commitment to security and provides a powerful incentive for top-tier researchers.
2.91K
3
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.