A Game-Changer for Bitcoin DeFi Security!
In a bold move to fortify its cutting-edge Bitcoin liquidity protocol, Granite Protocol has unveiled a jaw-dropping $1 million bug bounty program on Immunefi, the leading platform for Web3 security. With rewards soaring up to $150,000 for critical vulnerabilities, this initiative is set to attract the brightest minds in blockchain security to safeguard the future of decentralized finance (DeFi).
What’s at Stake ?
Granite Protocol is revolutionizing Bitcoin DeFi by enabling users to participate as liquidity providers, borrowers, or liquidators n an autonomous ecosystem. The protocol allows Bitcoin holders to access vantage incentives such as stablecoin loans without the risks of centralized custodians or rehypothecation. But with great innovation comes great responsibility—and Granite is leaving no stone unturned to ensure its platform is ironclad.
The bounty program, which went live on February 26, 2025, is already making waves in the crypto community. With a hard cap of $1 million rewards will be distributed on a first-come, first-served basis, so security researchers better act fast!
Rewards That Will Make Your Head Spin!
Granite Protocol is pulling out all the stops to incentivize ethical hackers. Here’s the breakdown of rewards based on threat levels:-
Critical Vulnerabilities.
Up to $150,000(10% of funds at risk, with a minimum reward of $25,000 to ensure no bug goes unreported).-
High-Level Threats,
Between $5,000 and $25,000, depending on the severity and funds at risk.-
Medium-Level Bugs
A flat $2,500 reward.-
Low-Level Issues :
A flat $1,000 payout.
But wait, there’s more!
For temporary freezing vulnerabilities, the reward doubles every 24 hours the funds remain frozen, up to the high-level reward cap. This ensures that even time-sensitive bugs get the attention they deserve.—
Primacy of Impact: A New Standard in Bug Bounties
Granite Protocol is setting a new benchmark by adhering to the Primacy of Impact principle. This means that security researchers are encouraged to report any bug with significant impact, even if the affected assets aren’t explicitly listed in the program’s scope. This forward-thinking approach ensures that no critical vulnerability slips through the cracks.
How to Cash In
Payouts are handled directly by the Granite Protocol team and are denominated in USD, paid out in USDC on Ethereum. The reward amount is calculated based on the average price between CoinMarketCap and CoinGecko at the time of the bug report submission.
No KYC? No problem! Granite Protocol has made it clear that no KYC information is required for payouts.
The Fine Print
While the rewards are enticing, there are some ground rules. Testing must be conducted on local forks of the mainnet or public testnet—no live testing allowed! Additionally, proof of concept (PoC)is mandatory for all submissions, ensuring that only legitimate vulnerabilities are rewarded.Granite Protocol has also published its audit reports on GitHub, and any known issues listed there are not eligible for rewards. This transparency ensures that researchers focus on uncovering new vulnerabilities rather than rehashing old ones.
Why This Matters
Granite Protocol is leveraging Stacks’ Nakamoto upgrade and the sBTC Bitcoin bridge to bring Bitcoin into the DeFi fold without centralized intermediaries. This bug bounty program is a critical step in ensuring the protocol’s security as it scales, protecting billions in user funds and maintaining trust in the ecosystem.
The Clock is Ticking!
With a $1 million cap and rewards up for grabs, the race is on for security researchers to uncover vulnerabilities before the funds run out. Will you be the one to claim the $150,000 jackpot? Head over to Immunefi and start hunting—Granite Protocol’s future depends on it!For more details, visit [Granite Protocol’s official website and dive into the full scope of the bug bounty program. The stakes have never been higher in the world of Bitcoin DeFi! 🚀
