Aave Labs Proposes Major Bug Bounty Overhaul, Boosting Top Reward to $5 Million
- Bug Bounty Program Overhaul: Aave Labs has proposed a restructuring of the Aave DAO's bug bounty program, aiming to enhance security oversight through a multi-platform approach involving ImmuneFi, Sherlock, and Cantina, which is designed to improve response times and coverage quality across the ecosystem.
- Significant Reward Increases: The maximum reward for critical vulnerabilities in Core Aave V3 will rise from $1 million to $5 million, while Aave V4's maximum reward will increase from $500,000 to $2.5 million, reflecting the growing sophistication of potential attacks and the increasing value locked in Aave protocols.
- Attracting Top Security Researchers: By increasing rewards, Aave Labs aims to attract top-tier security researchers to audit its code, thereby reducing the risk of a single point of failure in the security review process and enhancing user trust in the protocol.
- Community Feedback and Implementation Plan: The proposal is currently under discussion in the Aave DAO governance forum, allowing community members and AAVE token holders to provide feedback; if approved, the new program will take effect shortly, with a phased rollout suggested to ensure a smooth transition.
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Technical Analysis for AAVE
Technical Sentiment Analysis for Aave (AAVE). As of , Aave (AAVE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 2 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AAVE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AAVE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Aave (AAVE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 72.609 | 80.249 | 88.229 | 95.869 | 103.849 | 111.489 | 119.469 |
| Fibonacci | 80.249 | 86.216 | 89.902 | 95.869 | 101.836 | 105.522 | 111.489 |
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