Balancer Labs announced the launch of a 1,000 ETH (approximately $2 million) bug bounty program to discover any problems in Balancer V2, an updated version of the automatic portfolio manager and liquidity provider platform. 

The bounty program will be paid according to the severity of the bug. The final reward amount is determined by Balancer Labs and will be paid in the specified amount of USD or ETH, whichever is higher. 

The team stated that the value of the reward increases with the price of ETH and will never be lower than the given dollar amount.

By Mary Liu