Oasis has partnered with Hats Finance to enhance security for decentralized apps (dApps) on its Sapphire platform. It has launched a 1 million $ROSE pool to fund secondary audits and bug bounties. This initiative aims to improve dApp security within the Oasis ecosystem.
Hats Finance to Manage Oasis dApp Security Initiative
Hats Finance will oversee this program with an aim of rewarding researchers and hackers who will develop exploits on selected dApp code. As for the first dApp to go through this review, it will be illumineX, while the competition will begin in July.
Security of the network and the ecosystem has always been a top priority for Oasis. This collaboration with Hats Finance is a leap towards guaranteeing extensive audits and bug bounties for Oasis projects. The 1 million $ROSE pool is intended to lower the cost for dApp developers and simplify auditing.
Hats Finance performs periodic audits with security researchers and hackers, and has bug bounties for initially deployed dApps. This ensures that all the identified vulnerabilities are big and genuine.
Hats Finance to Leverage EVM Compatibility for Oasis Security
Ofir, the head of growth at Hats, pointed to their previous cooperation and stressed that adding more audits and bounties would enhance users’ and developers’ security.
Hats Finance will use its subgraph and associated contracts on Sapphire, benefiting from EVM compatibility and Safe assistance in creating a registry and a governance multisig Safe on Sapphire, strengthening the ecosystem’s security apparatus.
