Overview
- The initiative opened its training phase on Oct. 13, with active bug hunting scheduled for Oct. 27 to Nov. 29 and a $200,000 rewards pool for discovered vulnerabilities.
- Immunefi will mobilize its global community of security researchers to probe the protocol before launch, focusing on high-risk areas common to DeFi lending.
- RippleX’s Jasmine Cooper said the goal is a thoroughly tested, resilient system that developers and institutions can build on with confidence.
- Immunefi’s Mitchell Amador framed the effort as strengthening XRPL’s infrastructure by tapping top security talent across Web3.
- The XRPL Lending Protocol is central to Ripple’s DeFi roadmap and, per CoinCentral, is slated to introduce native pooled lending and underwritten credit pending a validator vote.