Hats and Solace Partnership Announcement

Today we announce a powerful partnership between Hats Finance and Solace, allowing more projects to create decentralized bug bounties while receiving insurance coverage. We thank Solace for trusting our vision, and for their ongoing commitment to security and user protection.

Partnership Terms

In this partnership, Hats will onboard new bug bounty vaults of projects that join Solace’s new insurance solution, Solace Native, by matching all critical-level payouts of up to $100k. This partnership will allow us to onboard more vaults and strengthen security of already insured projects. We believe this is the right path for projects that are looking to maximize their level of security while keeping investors at ease.

About Solace

Solace is an insurance dApp that builds coverage products for smart contract exploits. Solace’s mission is to make DeFi insurance a trustworthy, scalable, and transparent experience. The $SOLACE token powers the Solace DAO, so community members can take part in the development and governance of the protocol. In addition to providing insurance, Solace works closely with DeFi security solutions to increase the protective and preventive measures against smart contract hacks.

About Hats Finance

Hats Finance is a decentralized bug bounty platform that allows anyone to add liquidity to their favorite bug bounties. Because security affects all users involved, Hats allows all Web3 users to get involved through liquidity mining (token not available yet), disclosing vulnerabilities, or learning about security. Hats unique advantage is their decentralized, permissionless, and scalable nature which allows projects to open a bug bounty vault using their own native token, and grow white hat incentives as the project grows in success and token value.

We look forward to announcing more details related to this partnership! Follow us on Twitter for more updates on upcoming features and partnerships.