In a bold and innovative move, the Euler Foundation, in collaboration with Hats Finance, is set to launch one of the largest Capture the Flag (CTF) competitions ever seen in the crypto space. With a massive ~$3,500,000 bounty on the line, this initiative is set to attract the best and brightest from the decentralized finance (DeFi) and cybersecurity communities.
Introducing the Euler CTF Challenge
As part of its ongoing commitment to security, the Euler Foundation is throwing down the gauntlet with this latest initiative. Following 29 comprehensive audits and a high-stakes code competition, Euler is now inviting top-tier auditors and white hat hackers to participate in what could be the defining security challenge in DeFi history. The competition is designed to battle-test Euler’s smart contracts and its active defenses to ensure its readiness for the highly anticipated Euler v2 launch.
CTF details:
- Start Date: Wednesday, August 21st, noon ET
- End Date: Monday, September 2nd, noon ET
- Target: USDC/ETH and WETH/USDC pools within Euler's active contracts
How to Get Involved:
Sign Up for the Challenge:
Access the Euler CTF Challenge through the Hats Finance dApp and connect your wallet. It’s crucial that participants use the same wallet address throughout the event.
Agree to the Terms and Conditions:
Participants are required to carefully review and sign the Terms and Conditions. Adherence to all relevant laws, including sanctions, is mandatory for eligibility to claim rewards.
Mandatory KYC Process:
To ensure compliance, participants must undergo a KYC process within 48 hours of acquiring any funds from the challenge. Upon successful KYC completion, 5% of the drained funds must be sent to the Hats Governance address within 30 days. A formal KYC declaration will be issued, which participants can use for tax reporting purposes.
Scope and Boundaries:
The challenge is limited to specific smart contracts, and certain vulnerabilities, such as third-party pricing errors, are explicitly excluded. Detailed information on the scope will be available once participants sign the Terms and Conditions.
Begin the Challenge:
The stage is set for an intense showdown. Participants will have a narrow window to prove their skills and, if successful, claim a share of the substantial bounty.
Are You Ready to Make History?
Whether you’re a seasoned white hat hacker or a newcomer eager to prove your mettle, this is your chance to shine. The Euler CTF Challenge isn’t just a competition; it’s a gathering of the brightest minds in cybersecurity, and making sure that the Euler Finance protocol is as secure as possible.
Prepare to make history and join the ranks of legends. The Euler CTF Challenge awaits eager white hats here!
About Euler Finance
Euler is a modular lending platform designed to enhance capital efficiency and flexibility in DeFi. With Euler, users can permissionlessly establish lending markets tailored to their unique needs and preferences. Features like multi-collateral capabilities, aggregated vaults, and Oracle freedom enhance user flexibility and streamline risk management.
About Hats Finance
Founded in 2021, Hats Finance is a decentralized security (DeSec) protocol offering permissionless and scalable security services for web3 protocols.
Hats Finance’s DeSec model allows for security to be incentivized, creating synergistic alignment between users, security researchers and projects. Hats Finance believes that DeSec is the expressway for scalable security for everyone.