The Ethereum Protocol Security Research Team has announced the launch of the Fusaka $2M Audit Contest. Co-sponsored by Gnosis and Lido, and hosted on Sherlock, this four-week initiative is designed to uncover vulnerabilities in the Fusaka upgrade before they can affect the network.
With high rewards, early submission multipliers, and ecosystem-wide collaboration, the contest represents a major step forward in Ethereum’s approach to security.
High Stakes & Incentives
The contest offers attractive incentives to security researchers worldwide. Findings reported in the first week receive 2x points, while submissions in the second week earn a 1.5x multiplier.
This structure prioritizes speed and precision, motivating researchers to identify critical vulnerabilities early. A dedicated Fusaka Auditor Guide has also been prepared to ensure participants can maximize their effectiveness.
The contest is co-sponsored by Gnosis ($100,000) and Lido ($25,000). Beyond financial contributions, their involvement signals ecosystem-wide accountability, emphasizing that the security of Ethereum’s upgrades is not the sole responsibility of the Foundation.
Audit Contest Framework
An audit contest differs from a standard audit in its open, time-bound structure. Researchers actively compete under defined rules, with only impactful and compliant findings rewarded.
After the contest ends, results are thoroughly reviewed, validated, and compiled into an official report. This ensures vulnerabilities are mitigated and insights are shared with the community, with top contributors recognized for their work.
Bug Bounty Program
Outside of Fusaka, Ethereum continues to operate its ongoing Bug Bounty Program, offering rewards of up to $250,000. This broader initiative covers vulnerabilities that may affect the entire Ethereum protocol, reinforcing a layered approach to security.
Founded in 2021, Sherlock has become a trusted smart contract security platform. Known for collaborative audits, audit contests, bug bounty programs, and financial coverage, Sherlock safeguards protocols across their lifecycle.
By combining strong incentives, ecosystem sponsorship, and the expertise of Sherlock, the Ethereum community is collectively working to ensure the Fusaka upgrade is robust, secure, and future-ready. This contest not only hardens the protocol but also sets new benchmarks for transparency, collaboration, and accountability in blockchain security.
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