Bug Bounty Alert: Welcome Crypto Volatility Index!

HatsFinance
2 min readApr 19, 2023

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Attention white hat hackers, CVI has opened a bug bounty vault on Hats Finance!

To prioritize security, they’ve allocated an initial deposit of 2.4K $GOVI for their bug bounty program, offering rewards to those who identify vulnerabilities in their smart contracts.

While now is the best time to jump into action, check back on their vault over time as it can grow with the project’s success and token appreciation. Users that are in possession of $GOVI can contribute to CVI’s security by depositing tokens into their bug bounty vault — and in return earn $HATS.

If you are interested in how Hats encourages protocols and users to combine forces to create greater security, you can learn more from our articles about the Hats Airdrop Machine and the Hats Mechanism.

About CVI

The Crypto Volatility Index (CVI) is a decentralized VIX for crypto that allows users to hedge themselves against market volatility and impermanent loss. CVI is a full-scale decentralized platform that brings the sophisticated and very popular “market fear index” to the crypto market and is created by computing a decentralized volatility index from cryptocurrency option prices, together with analyzing the market’s expectation of future volatility. We believe that CVI provides the most reliable DeFi tool suitable for analyzing volatility, hedging portfolios and earning from being a liquidity provider.

About Hats

Hats Finance is the first of its kind, community-owned and decentralized bug bounty protocol. Because security exploits affect all parties involved, Hats Finance facilitates community involvement by allowing users to provide liquidity to their favorite bounties and earn $HAT tokens once they become available. We hope that by allowing community involvement we can raise awareness on the importance of security in crypto while encouraging white-hat hacker involvement.

Get involved today by depositing in any bug bounty or finding vulnerabilities:

https://app.hats.finance/vaults

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HatsFinance

Hats.Finance a decentralized smart bug bounty marketplace. Permissionless, scalable, and open bug bounty protocol that allows anyone to provide liquidity.