TIP-059 Establish a Bug Bounty Program for thUSD
AI summary
This proposal seeks to establish a bug bounty program for thUSD, a new product within the Threshold Network. It aims to incentivize security experts, known as 'white hats,' to find and report vulnerabilities in thUSD. The program will collaborate with Immunefi, a web3 bug bounty platform, and will offer rewards in T tokens for critical, high, medium, and low-severity bugs, with critical bugs potentially receiving up to $100,000.
If approved, this program will enhance the security of the upcoming thUSD product by proactively identifying and fixing potential vulnerabilities, benefiting all users of thUSD. The DAO's treasury will be used to fund the bug bounties, with specific amounts to be determined by a working group.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Dear Threshold Community,
As part of our commitment to maintaining the highest standards of security and reliability for the Threshold Network and its associated products, we are proposing the establishment of a public bug bounty program for the thUSD product that will be launched soon. This program aims to enhance the security posture of the network by incentivizing security experts to identify and responsibly disclose vulnerabilities.
Background: Threshold Network has a history of successful audits by multiple third-party firms, as evidenced in the audits published on Threshold · About 1. …