Symbiotic Launches Core Contract Bug Bounty Competition With $120,000 Prize Pool

According to Foresight News, Symbiotic has announced the commencement of a three-week core contract bug bounty competition on Cantina. The total prize pool for this event is $120,000. The competition is divided into two categories based on the severity of the bugs identified. The high-severity pool has a substantial reward of $112,500, while the low-severity pool offers $7,500. This initiative aims to enhance the security and reliability of Symbiotic's core contracts by incentivizing developers and security experts to identify and report potential vulnerabilities. Participants in the bug bounty competition are encouraged to thoroughly examine the core contracts and submit their findings within the three-week period. The rewards will be distributed based on the severity and impact of the identified bugs, with higher rewards allocated to more critical vulnerabilities. This approach ensures that the most significant security issues are prioritized and addressed promptly. Symbiotic's decision to launch this bug bounty competition underscores its commitment to maintaining a secure and robust platform. By engaging the broader developer and security community, Symbiotic aims to leverage diverse expertise to fortify its core contracts against potential threats. The competition is expected to attract a wide range of participants, from seasoned security professionals to enthusiastic developers, all contributing to the platform's overall security.