InfraRAY, a team member of Raydium, a Solana-based decentralized trading platform, proposed to establish a bug bounty program worth 10 million RAY (about 2.3 million US dollars) to eliminate vulnerabilities affecting the core smart contracts of the protocol.

It is reported that InfraRAY's proposal will reward white hat hackers with RAY worth up to $505,000 or as low as $5,000, depending on the severity of the detected errors. The bounty program is managed through the vulnerability bounty platform Immunefi. According to DefiLlama data, the total value locked in the Raydium liquidity pool currently exceeds $37 million. (CoinDesk)