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Established in 2020 by Mitchell Amador, Immunefi is a bug bounty platform focused on Web3 and smart contract security in the Web3 safety industry. The platform provides bug bounty hosting, consultation, and program management services to blockchain and smart contract projects.
The bug bounty programs are open invitations to security researchers and white hat hackers to discover and disclose vulnerabilities in projects’ smart contracts and applications. For their work, security researchers get incentives dependent on the severity of the vulnerability. Immunefi is used in projects like Synthetix, Chainlink, SushiSwap, MakerDAO, Wormhole, GMX, Alchemix, and Nexus Mutual.
After clients fill out a bug bounty onboarding form, they receive a questionnaire, and a bug bounty program is drafted based on answers to the questions. The draft goes to clients for review. Following modifications, Immunefi’s launch specialist works with the project’s marketing team to determine the launch time, bounty, and PR/marketing details.