pStack Launches $100,000 Vulnerability Reward on Immunefi for its Liquidity Pledge Scheme on Cosmos

On April 19th, it was reported that pStack, a liquidity pledge agreement, launched a vulnerability reward on Immunefi for its liquidity pledge scheme on Cosmos. The maximum reward amount is $100000 and will be paid in USDC or USDT.

PStack Launches Vulnerability Rewards on Immunefi

Introduction

On April 19th, pStack, a liquidity pledge agreement, announced the launch of a vulnerability reward on Immunefi for its liquidity pledge scheme on Cosmos. The aim of this reward program is to incentivize security researchers to identify and report potential vulnerabilities or weaknesses in the pStack liquidity pledge scheme. The reward program is open to all security researchers and the maximum reward amount is $100,000 to be paid in either USDC or USDT.

What is pStack?

pStack is a decentralized liquidity pledge agreement built on Cosmos, a blockchain ecosystem that allows for interoperability between different blockchains. pStack aims to provide a decentralized solution for liquidity providers to earn sustainable yields by pledging their tokens as collateral. In return, users can borrow other tokens from the platform to trade or for other purposes.

What is a Liquidity Pledge Scheme?

A liquidity pledge scheme allows users to pledge their tokens as collateral on a decentralized platform. This ensures that there is enough liquidity on the platform, which is essential for the smooth functioning of the platform. Users can earn rewards by pledging their tokens, which is a form of passive income.

What is a Vulnerability Reward Program?

A vulnerability reward program is a program offered by companies or organizations to encourage security researchers to identify and report potential vulnerabilities or weaknesses in software or hardware. This program serves as a proactive measure to enhance the security of the platform by identifying potential security risks before they can be exploited by malicious actors.

Why is pStack Offering a Vulnerability Reward Program?

As a decentralized platform that relies on smart contracts to function, pStack understands the importance of security in the blockchain ecosystem. By offering a vulnerability reward program, pStack is demonstrating its commitment to enhancing the security of its platform and protecting its users’ funds.

How to Participate in the Vulnerability Reward Program?

To participate in the vulnerability reward program, security researchers are required to submit a report of the identified vulnerability or weakness along with the necessary proofs to Immunefi’s platform. The report should contain sufficiently detailed information to allow pStack to reproduce and verify the vulnerability. Upon successful verification and confirmation of the vulnerability, the reward will be paid to the security researcher’s wallet address in USDC or USDT.

Conclusion

pStack’s launch of a $100,000 vulnerability reward program on Immunefi for its liquidity pledge scheme on Cosmos is an essential proactive measure to enhance the security of its platform. By incentivizing security researchers to identify and report potential vulnerabilities or weaknesses in its liquidity pledge scheme, pStack is showing its commitment to the security of its users’ funds. Participating in this program can also be an opportunity for security researchers to earn rewards while contributing to the blockchain ecosystem’s security.

FAQs

1. What is pStack?
Ans: pStack is a decentralized liquidity pledge agreement built on the Cosmos blockchain ecosystem.
2. What is a liquidity pledge scheme?
Ans: A liquidity pledge scheme allows users to pledge their tokens as collateral on a decentralized platform, with the aim of ensuring there is enough liquidity on the platform.
3. How can security researchers participate in the vulnerability reward program?
Ans: Security researchers can participate in the vulnerability reward program by submitting a report of the identified vulnerability or weakness along with the necessary proofs to Immunefi’s platform.