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Mars Hub’s Ares Testnet Is Now Open With Bounty Bug Up To $100,000

Key Points:

Ares, the testnet for Mars Hub, is now accessible to all galactic explorers, developers, and future validators.
On the protocol’s separate Cosmos-SDK appchain, developers and validators can interact with the newest features or help identify alien flaws for a chance at prizes worth up to $100,000.

Protocol for financing based on Cosmos Ares, the public testnet of Mars Hub’s Cosmos-SDK appchain, became live, according to an announcement from Mars. Validators and developers can communicate with the testnet.

Additionally, Mars and Immunefi collaborated to start a bug bounty program for Ares, with rewards starting at $100,000.

If someone finds a problem on the Mars Hub testnet and reports it at Immunefi.com, they could be eligible for the bounty. Rewards are given out based on the Immunefi Vulnerability Severity Classification System V2.2‘s classification of the vulnerability’s impact.

All bug reports must include a PoC that shows how the end effect will affect an asset that is within their scope in order to qualify for a prize. Code is necessary; explanations and statements are not acceptable as proof of concept.

The “hub” or coordinating “hub” of a “hub and spoke” design is Mars Hub. As “spokes,” other L1 chains that Mars Hub connects with are used. An outpost made up of the Red Bank, and rover credit account contracts will reside in each spoke.

The Hub must be created prior to the launch of Mars’ first outpost on Osmosis. A group of 50 permissionless validators must carefully coordinate and conduct thorough testing to accomplish that. Anyone with enough MARS or delegated MARS to join the validator set will be able to validate after genesis.

Inquiring validators can use the Ares testnet as a sandbox to get acquainted with the network and start setting up their gear for the imminent mainnet launch.

Mars is a novel interchain credit protocol primitive facilitating non-custodial borrowing and lending for the Cosmos ecosystem and beyond. Its hub and spoke architecture allows Mars to operate on any chain in the Cosmoverse and enables a new primitive: the Rover.

Rovers will give their pilots DeFi superpowers to engage in virtually every activity they might encounter on a centralized exchange: spot trading, margin trading, lending, and borrowing — all in a single decentralized credit account represented by a transferable NFT.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.