C.R.E.A.M. Finance
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C.R.E.A.M. Finance

C.R.E.A.M. Finance Is Working With Immunefi, Armor.fi, and DeFiSafety to Bolster Protocol Security

C.R.E.A.M. Finance is working with Immunefi, Armor.fi, and DeFiSafety to bring stronger security to the C.R.E.A.M. Finance protocol and wider DeFi ecosystem.

The security campaign begins this week with the launch of a $1.5 million bug bounty program, with Immunefi, focused on strengthening C.R.E.A.M’s protocol, API, and website security.

“Security is the key to maturing the decentralized finance ecosystem and bringing emerging financial technology to more users across the globe. We are delivering increased project transparency through DeFiSafety, preventing hacks with Immunefi, and providing a clear path for users to buy insurance coverage with Armor.fi.” said Leo Cheng, Co-Founder and Project Lead at C.R.E.A.M. Finance.

The bug bounty focuses on C.R.E.A.M. Finance’s smart contracts and web app. White hat hackers who disclose vulnerabilities in the protocol will be rewarded.

The rewards for the bounty will be distributed based on the simplified 5-level scale outlined in the Immunefi Vulnerability Severity Classification System. There are separate scales for website/app and smart contracts vulnerabilities.

In addition to the bug bounty with Immunefi, C.R.E.A.M. Finance is working with Armor.fi to provide users the ability to insure funds against exploits.

Armor.fi incentivizes DeFi users to underwrite risk on listed protocols — by providing rewards to those that saddle the risk.

Lastly, C.R.E.A.M. Finance received a score of 83% in an independent safety review by DeFiSafety, a company that provides third party comprehensive verification on project quality, risk, and transparency. (A score of over 70 points is considered a passing score)

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