Ripple Invests $200,000 in Bug Bounty for Institutional DeFi Launch

Ripple is bolstering its push into decentralized finance (DeFi) by launching a $200,000 bug bounty challenge. Partnered with Immunefi, the initiative invites skilled hackers to identify vulnerabilities in Ripple’s XRPL Lending Protocol, a system designed to provide uncollateralized lending for institutional clients on the XRP Ledger. This move showcases Ripple’s commitment to building secure and trustworthy infrastructure for its institutional-grade DeFi vision.