According to a report by The Block on April 2, the decentralized stablecoin protocol Usual has partnered with blockchain security firm Sherlock to launch a bug bounty program, offering a reward of $16 million for finding critical vulnerabilities in its codebase. This bounty surpasses the previous amounts set by Uniswap(15.5 million), LayerZero Labs(15 million), and Wormhole(10 million).
The Usual codebase has undergone 20 audits, including the most recent Sherlock audit competition, with no medium or higher-level vulnerabilities found. Only vulnerabilities classified as critical are eligible for the highest rewards. Usual currently manages over $880 million in total locked value (TVL).
Sherlock CEO Jack Sanford stated that this collaboration aims to promote the integrity development of DeFi and enhance trust across the entire ecosystem.
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