Hats.finance
Hats.finance is a proactive bounty protocol for white hat hackers and auditors, where projects, community members, and stakeholders incentivize protocol security and responsible disclosure. Hat.Finance and UMA have collaborated on a product called protected tokens which enable users to recover funds in the event of a hack, bug, or other cause of lost funds.
Hats.finance mechanism
- Smart contracts are continuously offering a bounty in the form of their value or the value that is locked by them. Extracting this value in a malicious manner causes more harm to the ecosystem than the size of the extracted value.
- Incentivize continuous audit for smart contracts
- Hack or exploits have an effect on the adoption of all smart contract projects and the ecosystem itself. Ecosystem adoption could be boosted if we could reduce this risk.
- The future of the economy is being withheld by the forces who try to hack it. Hats.finance incentivizes both parties to collaborate towards the success of the ecosystem.