Illustration from Freepik
On August 14, Chainlink announced the launch of their formal bug bounty program on Gitcoin, aiming to expand the reach of open-source technology on the platform. The program will be funded with over $100,000 in LINK, allowing developers to earn between $250 – $5000 with a potential 2X bounty multiplier until September 30.
According to the announcement, the goal of the program will be to disclose any potential vulnerabilities and ensure Chainlink’s protocol security. Issues related to a loss of funds for the node operators or requesters will be the main focus of developers, as problems with the Solidity-based smart contracts and Golang/TypeScript-based Chainlink node software are not a rare occurrence.
The bug bounty program will be launched on the community platform for freelance developers, Gitcoin. This way, coders from all around the world will be able to collaborate and monetize their work on open-source technology. Bounties will be paid directly through the platform, with funds allocated from the Chainlink Community Grant Program, which made its first grant 2 weeks ago. The crypto resources have already been transferred to Gitcoin and are ready to be dispatched.
In the announcement, the company expressed gratitude towards the community for their work on the development of the open-source platform:
“The innovative and astute community around Gitcoin has added tremendous value to the entire Ethereum space, and we are looking forward to the talented Gitcoin developer community contributing to both Chainlink’s security and therefore security across DeFi. We’re excited to devote resources to continually increase the security of the Chainlink Network through Gitcoin and many other future bounty programs from the Chainlink Community Grant Program.”
The bug bounty program will be an expansion of the already-running operation on hacker.one. The organization will work towards getting “as many eyes on the Chainlink source code as possible” in order to harden the Chainlink Protocol throughout its scaling and continually improve the security of its growing DeFi ecosystem.