PANews reported on December 12 that DeFi protocol Compound Finance announced the launch of a $1 million bug bounty program on the Immunefi platform to improve platform security and protect user safety. Its latest version, Compound III, simplifies the process of using crypto assets as collateral to borrow underlying assets (currently USDC) and has been deployed on multiple chains including Ethereum, Polygon, and Arbitrum. All rewards are denominated in US dollars but paid in COMP tokens.