MakerDAO and OmiseGO Announce DAI Collaboration

OmiseGo will be able to store value both in Dai and on the OMG network, and become a benchmark against which other things can be valued
11 April 2018   713

Yesterday MakerDAO and OmiseGo have both published the announcements about mutual collaboration aiming to enable the next generation of financial tools on the blockchain. The OmiseGO is building a platform that provides a scaling solution for finance on Ethereum, enabling transparent, peer-to-peer transactions in real-time, and MakerDAO announced that its Dai cryptocurrency will be available on the OmiseGo network.

Dai is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.

Maker and OmiseGO PartnershipMaker and OmiseGO Partnership

According to the announcement, OmiseGo will be able to store value both in Dai and on the OMG network, and become a benchmark against which other things can be valued.

Soon, OmiseGo will release more information regarding multi-collateral Dai, as there will be a variety of collateral options that can be used in the creation of a Collateralized Debt Position. OmiseGo will be among the first of these multi-collateral options available for CDP creators.

At the moment of press, these are main market parameters of DAI:

  • Average Price: $0,998006
  • Market Cap: $21 242 181
  • 24h Vol: $15 461 100

Hackers to Earn $32k With Bug Bounties

Largest bounty for one fix was paid by Block.one - $ 10,000 and the largest amount of issues found in one project is 6 at Omise
21 May 2019   261

Ethical hackers have earned $ 32,150 in the last seven weeks, reporting vulnerabilities in cryptocurrency and blockchain projects, The Next Web reports.

In the period from March 28 to May 16, the said amount was paid by 15 projects, in products of which a total of 30 bugs were discovered.

Omise is the project with the most vulnerabilities found by ethic hackers - six. The Augur prediction market and browser developer Brave unveiled information about three vulnerabilities each.

White Hackers Bug Bounties Per Company
Hackers' Bug Bounties Per Company

Also on the list with 1-2 vulnerabilities were projects and companies such as Chainlink, Monero, MyEtherWallet, Block.one and Coinbase.

While the bugs found in Omise products had a low threat level and were valued at $ 100 each, some projects had to pay more substantial amounts. So, Block.one paid $ 10,000 for one fix, and TRON awarded $ 3,100 hackers who discovered that the cryptocurrency network is vulnerable to DDoS attacks via smart contracts.