Immunefi launches on-chain bug bounties by ‘Vaults’ system

Blockchain safety platform Immunefi has launched an on-chain system for bug bounties, in line with a Sept. 26 announcement. The brand new system, known as “Vaults,” permits Web3 builders to escrow funds in an on-chain handle and use them to pay out bug bounties to white hat hackers.

Immunefi believes the brand new system will assist tasks “show to whitehats […] that they’ve allotted enough funds to pay bounties,” which it hopes will lead to “extra top-tier bug experiences” being submitted.

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