Crypto News

MakerDAO and Sherlock Announce Historic $1.35M Audit Contest

Author : Renuka K

MakerDAO has partnered with Sherlock to launch the largest security audit contest in Web3 history, with a prize pool of $1.35 million. The contest, running from July 8 to August 5, 2024, aims to engage top security experts and emerging researchers to identify vulnerabilities in MakerDAO’s Endgame phase. This initiative underscores MakerDAO’s commitment to security, transparency, and open-source principles.

The Endgame phase aims to restructure MakerDAO's governance into self-sustainable DAOs called MetaDAOs, with rigorous security testing being paramount for its success.

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