Oasis and Hats Finance have joined forces to bolster security measures for decentralized apps (dApps) on the Sapphire platform. To support this initiative, Oasis has launched a 1 million $ROSE pool dedicated to funding secondary audits and bug bounties. The primary objective of this collaboration is to enhance dApp security within the Oasis ecosystem.
In an effort to reward researchers and hackers who identify vulnerabilities in selected dApp code, Hats Finance will oversee this program. The first dApp to undergo review will be illumineX, and the competition will commence in July.
Ensuring the security of the network and ecosystem has consistently been a high priority for Oasis. This partnership with Hats Finance represents a significant stride towards providing comprehensive audits and bug bounties for Oasis projects. The 1 million $ROSE pool aims to reduce costs for dApp developers and streamline the auditing process.
Hats Finance conducts regular audits alongside security researchers and hackers, with bug bounties offered for initially deployed dApps. This approach ensures that all identified vulnerabilities are substantial and legitimate.
Ofir, the head of growth at Hats, emphasized the previous collaboration between the two organizations and highlighted that increasing audits and bounties would enhance security for users and developers.
To strengthen the security apparatus of the ecosystem, Hats Finance will leverage EVM compatibility by utilizing its subgraph and associated contracts on Sapphire. Additionally, it will benefit from Safe assistance in creating a registry and a governance multisig Safe on Sapphire.