New Bug Bounty Vault: Welcome Premia Finance

With great excitement we welcome a new project to the Hats ecosystem. Welcome onboard, Premia Finance!

Joining our V2 mechanism, Premia Finance opened a bug bounty of $100K USDC. They did this using our new onboarding flow, where projects can easily open a bug bounty in just a couple steps.

Premia’s bug bounty will incentivize security researchers to ethically disclose vulnerabilities and be paid accordingly. Community members and stakeholders that support Premia’s growth by depositing $USDC in their bug bounty vault will be able to eventually mine $HATS (not available yet) for their contribution.

About Premia Finance

Premia is a decentralized options protocol built to benefit crypto option traders and liquidity providers alike. Premia utilizes a peer-to-pool system and a modified Black-Scholes algorithm for price discovery based on supply and demand.

Premia offers American-style options, but in a way that differs from traditional options exchanges working with an order book bid/ask system. Premia is the most flexible options platform for traders, as its peer-to-pool architecture allows options buyers to select custom strikes and expiration dates for their options, and settle their options any time up to expiration.

About Hats Finance

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

Learn more about the Hats mechanism here and deposit in the Premia’s bug bounty through the Hats dApp.