BlockBeats news, on December 12, the DeFi protocol Compound Finance announced the launch of a $1 million bug bounty program on the Immunefi platform to enhance platform security and ensure user safety. Its latest version, Compound III, simplifies the process of borrowing base assets (currently USDC) using crypto assets as collateral and has been deployed on multiple chains including Ethereum, Polygon, and Arbitrum. All rewards are denominated in USD but paid in COMP tokens.