Hats Finance - The Crypto Security Meme Competition Victors
We turn black hat hackers into white hat hackers using the right incentives. Hats Finance is creating the future of security!
Crypto security is one of the hottest topics of 2023, and the Hats Finance innovative proactive bounty protocol aims to enhance the security dynamics in the Cryptoverse.
The Hats team aims to turn black hat hackers into white hat hackers and auditors, thorough a system where protocols incentivize security. Hats Finance brings blockchain education and crypto security by using scalable vaults.
As explained to us by the crypto savvy Reading Ape:
Hats Finance is a decentralized bug bounty marketplace where any protocol can easily set up a bounty using stables or other on-chain assets. Most importantly, anyone can deposit into the bounty to raise it so that it can attract more security audit researchers. Users can deposit in the bug bounty of the protocols they use to protect their own investments and get rewarded too. Doing so raises the confidence level of the protocols in the crypto space, which attracts even more users and builders in.
The DeFi growing patterns suggest that the current technology is subject to code errors and flaws. Blockchain solutions are spreading worldwide, eliminating third party involvement. The decentralized financial system permissionless nature can expose the users to high risks.
The importance of crypto security? Investments must be made in a secure environment. The vision is achieved on EVM and Layer-2, with the implementation of a decentralized smart bug bounty marketplace.
The open bug bounty protocol allows anyone to provide liquidity to bug bounties, providing ongoing security and community involvement. The claim process is straightforward, with no KYC required!
The bug submission takes place on-chain and each vault has its own committee appointed by the project. The committee approves or rejects the vulnerability detection and subsequent release of the fund to the hacker based on severity level. Be like Billy ... use Hats Finance!
The White Hats role is to protect Web3 from bad actors, securing the protocols and DeFi platforms. The community-owned bounties on Hats Finance are extremely scalable as liquidity can grow along with the growth of a protocol.
If you are a key figure of a DeFi protocol and want to protect investors from future smart contract vulnerabilities, you should explore the bug bounty marketplace of Hats Finance. If you are a white hat hacker that looks for treasure chests ... the game is on!
I had the pleasure to host a meme competition for Hats Finance, a global challenge aimed to bring together Pepe fans, Wojak degens, humble farmers, Elon's army and even ... Greta!
I asked all meme lords to sharpen their sarcasm and bring your A game for the event. We had over 100 memes and funny videos, making it difficult for the team to select the winners!
However, the beauty is in the eyes of the beholder and The Whitest Hat Award (100 USDC) was given to BriannaRale! Such a big difference after one year of being a white hacker
The "Not Gandalf But Still Magic" award (50 USDC) went to Baby_Londonz with a ... Gandalf meme! It's sarcastically fun! See tweet here!
In the "Good But Not WOW" category, the two 20 USDC prizes where won by alhadisiroj with the Hats Knights (See tweet here!) and Kimprong1996 Batman Vibes Hats Signal Video!
All prizes were sent to the winners! Thank you for joining another event organized by PVM Entertainment and Leisure! Keep up with the good work punkz!
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Very innovative and creative idea.
A project that plans to change the cryptoverse
Post voted 100% for the hiro.guita project. Keep up the good work.
New manual curation account for Leofinance and Cent
Great post!
Because this is such an excellent post and mentions Web3, I've given it a 100 percent upvote. Feel free to follow my curation trail at https://hive.vote/.
I've also tweeted this post and plan to use it in a future edition of Cryptocracy, probably next Monday or Wednesday. Cryptocracy is a decentralized Web3 newsletter published at Substack, Paragraph, Mirror, and Hive.
That sounds great. Looking forward to see the newsletter