Immunefi And Ripple Launch Global ‘Attackathon’ To Strengthen Security Of XRPL Lending Protocol
Onchain safety platform Immunefi has partnered with Ripple, a number one supplier of enterprise blockchain and cryptocurrency options and a serious contributor to the XRP Ledger (XRPL), to host an “Attackathon” on October 13 targeted on securing the proposed XRPL Lending Protocol.
A key upcoming milestone in XRPL’s institutional DeFi technique is the launch of its native Lending Protocol, which is anticipated to endure a validator vote later this yr. The protocol will supply pooled lending and underwritten credit score instantly on the XRP Ledger, permitting builders and monetary establishments to automate the total mortgage lifecycle—from issuance to reimbursement—whereas connecting debtors with international liquidity and enabling lenders to earn yield on in any other case idle property. Designed to combine with present danger and compliance frameworks, the protocol seeks to boost effectivity, transparency, and accessibility in XRPL credit score markets.
“We are excited to group up with RippleX to safe the XRPL Lending Protocol by way of our Attackathon mannequin, which trains and leverages the experience of the world’s greatest safety researchers,” stated Mitchell Amador, CEO and Founder of Immunefi, in a written assertion. “This initiative not solely strengthens XRPL’s infrastructure but in addition reinforces Immunefi’s mission to guard essentially the most important ecosystems in Web3,” he added.
“XRPL was designed to help safe, real-world monetary functions, and that’s particularly necessary as lending is launched to the community,” stated Jasmine Cooper, Head of Product at RippleX, in a written assertion. “This initiative is about ensuring the proposed Lending Protocol is completely examined and resilient earlier than launch, so builders and establishments can construct with confidence. Partnering with Immunefi permits us to work with among the prime safety researchers to assist strengthen this new layer of XRPL’s DeFi infrastructure,” she added.
Launched in 2012, the XRPL is a high-speed, cost-efficient, and reliable blockchain supported by a worldwide community of builders and validators. Its open-source structure and built-in functionalities present a stable platform for functions in funds, tokenization, and institutional DeFi, providing constantly low transaction prices, quick settlement instances, and greater than ten years of demonstrated reliability.
Immunefi And XRPL Launch Global Attackathon To Test And Secure XRPL Lending Protocol
As a part of the Attackathon, Immunefi and XRPL have invited main safety researchers from all over the world to scrupulously consider the XRPL Lending Protocol and guarantee its reliability and resilience. To help and encourage members, the 2 organizations have launched an Attackathon Academy to supply coaching on the related applied sciences, alongside a $200,000 reward pool for recognized vulnerabilities. The instructional section begins on October thirteenth, adopted by the bug-hunting interval from October twenty seventh to November twenty ninth.
The Attackathon displays a collaborative, community-focused strategy to blockchain safety, bringing collectively Immunefi, a acknowledged chief in Web3 safety, and XRPL, a high-performance blockchain identified for its pace and scalability, to determine robust requirements for safe DeFi growth.
Immunefi’s community contains over 60,000 safety researchers who collectively shield $180 billion in consumer funds and have prevented greater than $25 billion in potential hacks throughout over 650 protocols. This experience permits high-profile DeFi initiatives just like the XRPL Lending Protocol to detect and tackle vulnerabilities earlier than they affect customers, reinforcing belief and reliability in rising blockchain ecosystems.
The Attackathon will characteristic a structured prize pool with milestones together with instructional periods, submission intervals, leaderboard updates, and a closing evaluation highlighting winners, general outcomes, and key classes. A dwell X Spaces AMA may also be hosted, the place Immunefi safety leads and XRPL Foundation builders will share real-time insights into the venture.
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