**pStack Launches Vulnerability Reward on Cosmos Liquidity Pledge Scheme**
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
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
The world of cryptocurrencies is constantly evolving, and so is the need for security measures to safeguard digital assets. Recently, pStack, a liquidity pledge agreement, launched a vulnerability reward on Immunefi for its liquidity pledge scheme on Cosmos. This is a noteworthy development as it demonstrates the importance of security in the crypto industry.
What is pStack?
pStack is a liquidity pledge agreement that allows users to provide liquidity to decentralized exchanges (DEX) and earn rewards in return. Liquidity providers earn rewards by staking their tokens on pStack, which are then used to provide liquidity to DEXs. In return, pStack issues LP tokens, which are used to represent the amount of liquidity provided.
What is a Vulnerability Reward?
A vulnerability reward program is a program designed to reward individuals who identify security vulnerabilities in a system. These programs are typically offered by organizations with a vested interest in maintaining the security of their systems. By offering rewards, these organizations encourage security researchers to identify vulnerabilities in their systems and report them quickly.
Cosmos Liquidity Pledge Scheme
The Cosmos liquidity pledge scheme is a program designed to incentivize liquidity providers to provide liquidity to DEXs on the Cosmos network. This scheme is particularly important as it provides a way for users to earn rewards while contributing to the overall liquidity of DEXs on the Cosmos network.
pStack on Immunefi
pStack’s decision to launch a vulnerability reward on Immunefi for its liquidity pledge scheme on Cosmos is a significant step towards enhancing the security of the pStack platform. Immunefi is a decentralized bug bounty platform that focuses on blockchain projects. By partnering with Immunefi, pStack hopes to incentivize security researchers to identify and report any vulnerabilities in the platform quickly.
The Rewards
The maximum reward amount for pStack’s vulnerability reward program is $100,000 and can be paid in either USDC or USDT. This amount is significant and demonstrates pStack’s commitment to ensuring the security of its liquidity pledge scheme on Cosmos.
Conclusion
The launch of pStack’s vulnerability reward program on Immunefi highlights the importance of security in the crypto industry. With the constant threat of security breaches and hacks, it is essential to have security measures in place to safeguard digital assets. Through its partnership with Immunefi and the launch of its vulnerability reward program, pStack is demonstrating its commitment to the security of its liquidity pledge scheme on Cosmos.
FAQs
1. What is pStack?
pStack is a liquidity pledge agreement that allows users to provide liquidity to decentralized exchanges (DEX) and earn rewards in return.
2. What is a vulnerability reward?
A vulnerability reward program is a program designed to reward individuals who identify security vulnerabilities in a system.
3. What is the maximum reward amount for pStack’s vulnerability reward program?
The maximum reward amount for pStack’s vulnerability reward program is $100,000 and can be paid in either USDC or USDT.
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