According to BlockBeats, Bryan Pellegrino, co-founder and CEO of LayerZero, announced on social media on May 20th that the bounty process will reopen in the next one or two days. This move is aimed at addressing the issue of witch reports being deleted on Github. Pellegrino also stated that the method of report submission will be altered, and a 'margin' system will be introduced, potentially with a bond amount of 0.02 ETH.
The new changes are expected to streamline the bounty process and prevent the deletion of important reports. The introduction of the 'margin' system is seen as a significant step towards ensuring the credibility of the reports. The bond amount, although not confirmed, is speculated to be 0.02 ETH. This system is expected to act as a deterrent for false reporting and encourage more accurate and reliable submissions.
The reopening of the bounty process and the introduction of these changes reflect LayerZero's commitment to addressing issues and improving their systems. The company has not yet provided further details on the exact timeline or the specifics of the new submission process.
