Aave Labs Proposes Overhaul of Aave DAO Bug Bounty System

Aave Labs has proposed a restructuring of the Aave DAO bug bounty system, according to ChainCatcher. The proposal suggests dividing different protocol modules into separate bounty programs, each managed by Immunefi, Sherlock, and Cantina. The maximum bounty for critical vulnerabilities in Aave V4 is proposed to increase from $500,000 to $2.5 million, while the core version of Aave V3 could see its maximum bounty rise from $1 million to $5 million. Additionally, the proposal plans to transfer the responsibility for Aave V3 on Aptos bug bounty funds from Aave Labs to Aave DAO. The effectiveness of a multi-platform parallel model will be evaluated over the next 6 to 12 months.