NFTuLoan is excited to announce its new partnership with Immunefi. While NFTuloan focuses on the NFT aspect of blockchain technology, Immunefi hones its craft within the privacy and security of blockchain technology. The partnership entails the shared interest for removing security risk from cyber attacks through implementing safer measures in #blockchains, #NFT projects, smart contracts, and the entire #crypto community.
Live on the Ethereum mainnet, NFTuLoan is the first open protocol for NFTs in retail and B2B. The unique Peer2Pool feature combined with Peer2Peer caters to lenders and borrowers for both individuals and businesses. NFTuLoan is a liquidity pool provider giving instant cash for loaning your NFTs. Peer2Pool incorporates supplying tokens to a communal asset pool, for borrowers to liquefy tokens from the pool.
Users get up to 90 days to pay back their loan with 0% interest until October 31st. To apply, you connect your NFT wallet for an estimation of your NFT, state your loan period, and instantly get approved. If your application is successful, your funds get paid to your ETH wallet within seconds, granting you an instant flash loan.
NFTuLoan’s utility includes the loan system, marketplace, 200 accepted NFT collections, and the ability for staking up to 30% APR for ETH tokens. To get instant cash with a free loan, connect your crypto wallet to collateralize your NFT here.
Launched on December 9, 2020, Immunefi is the premier bug bounty platform focused on #web3 security, including blockchains, NFT projects, smart contracts. Immunnefi’s utility lies in bounty hosting and consultation services to blockchain and smart contract projects. Bug bounty programs are open invitations to security researchers to discover and disclose potential vulnerabilities in projects’ smart contracts and applications directly protecting projects and users.
Rewards are distributed according to the impact of the vulnerability based on the Immunefi Vulnerability Severity Classification System V2.1. This is a simplified 5-level scale, with separate scales for websites/apps, smart contracts, and blockchains/DLTs, focusing on the impact of the vulnerability reported.
Immunefi is doing for DeFi what companies like PayPal, Stripe, and Shopify have done for online shopping: removing security risk and making high-quality decentralized financial products safe for the average person. Through preventing hacks, DeFi is made safe for everyone.
Scope of Partnership
Payouts are handled by the NFTuLoan team directly and are denominated in USD. However, payouts are done in ETH, USDC or USDT, at the discretion of the team. The bounty will vary based on the severity of the vulnerability, as determined by the project affected.
All web/app bug reports must come with a PoC (Proof of Capacity) with an end-effect impacting an asset-in-scope in order to be considered for a reward. Explanations and statements are not accepted as PoC and code is required.
For a critical vulnerability severity classification level, NFTuLoan will reward a bounty of $10,000 to security researchers.