Ripple and Immunefi Launch $200K Attackathon
Ripple has partnered with Immunefi to launch a $200,000 “Attackathon” aimed at testing and securing the upcoming XRPL Lending Protocol. This initiative marks a significant step in Ripple’s push to expand the XRP Ledger (XRPL) ecosystem into decentralized finance (DeFi).
The “Attackathon” invites global security experts to identify vulnerabilities before the protocol goes live. Those who uncover critical issues will receive rewards from the $200,000 bounty pool. The project’s training phase is already underway, with active bug hunting scheduled for October 27 to November 29.
Immunefi CEO Mitchell Amador said the event “strengthens XRPL’s infrastructure and reinforces Immunefi’s mission to protect the most critical ecosystems in Web3,” emphasizing the collaboration’s reliance on the expertise of top-tier researchers.
XRPL Lending Protocol: A Key Step in Ripple’s DeFi Roadmap
The XRPL Lending Protocol is designed to bring lending capabilities—a core DeFi feature—to the XRP Ledger. Until now, XRPL has been known for its low-cost, high-speed transactions but has lacked native lending functionality.
“This initiative is about making sure the proposed Lending Protocol is thoroughly tested and resilient before launch,” said Jasmine Cooper, Head of Product at RippleX. “Partnering with Immunefi allows us to work with some of the top security researchers to strengthen this new layer of XRPL’s DeFi infrastructure.”
By ensuring the protocol’s robustness before launch, Ripple aims to minimize potential failures and boost confidence among developers and institutions building on XRPL.
Strengthening Ripple’s Position in DeFi
Lending protocols have historically been high-value targets in DeFi, often drawing hackers due to their complexity and capital concentration. Ripple’s proactive move to engage the security community through Immunefi demonstrates a commitment to safety and transparency as it enters the DeFi arena.
The successful rollout of the XRPL Lending Protocol could solidify Ripple’s position as a major player in decentralized finance—bridging institutional trust with open, permissionless systems.
