Badger DAO Joins The Armor Alliance Big Bug Bounty Challenge

Program Overview

Badger Finance is a community DAO, focused on bringing Bitcoin to DeFi. The DAO’s debut products are Sett, a yield aggregator, and Digg, a BTC-pegged elastic supply currency. Its components include:

Rewards by Threat Level

Rewards are distributed according to the impact of the vulnerability based on the Immunefi Vulnerability Severity Classification System. This is a simplified 5-level scale, with separate scales for websites/apps and smart contracts/blockchains, encompassing everything from the consequence of exploitation to privilege required to the likelihood of a successful exploit.

Rewards for critical payouts are capped at 10% of the funds at risk.

Payouts up to USD 500 000 are handled by the BadgerDAO team directly. Payouts are denominated in USD and are paid out in the reporter’s choice of BADGER, ETH, BTC, or a stablecoin (USDC, DAI, USDT).

Payouts above USD 500 000 have the remainder paid in ARMOR from the Armor Alliance Bug Bounty Challenge with a vesting period of up to 24 months.

Bug bounty payouts will be related to the severity of the smart contract bugs discovered:

Smart Contracts and Blockchain

This is another major milestone in Armor’s quest to make DeFi safer for investors everywhere.

Armor makes investing in DeFi as safe as possible with crypto-native, dynamic smart coverage aggregation. As a decentralized smart brokerage, Armor’s innovations provide on-demand, real-time coverage and non-custodial security solutions for user assets.

Armor’s focus is on building an ecosystem of interoperable protocols and products to secure and scale mass adoption of DeFi both with institutions and individuals.

With innovative products and programs, Armor is a leader in Defi Asset Security.

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