Chainlink has launched a formal bug bounty program on Gitcoin, backed by over $100,000 in LINK funding from the Chainlink Community Grant Program, to enhance the security and resilience of its network. By collaborating with the open-source community and the Gitcoin developer community, Chainlink aims to make its infrastructure more tamper-proof, benefiting the broader Ethereum and DeFi ecosystems. Participants in the program can earn bounties ranging from $250 to $50,000 for responsibly disclosing vulnerabilities, particularly those affecting Solidity-based smart contracts and Chainlink core node software. This initiative is an extension of Chainlink's existing bug bounty program on HackerOne, and it underscores the company's commitment to leveraging open-source collaboration to secure its platform and the DeFi space at large.