# Ethena - stablecoin and redemption hunt

- Canonical page: https://halo.zhc.company/bounties/immunefi-ethena
- Agent-ingestible version: https://halo.zhc.company/bounties/immunefi-ethena/agent.txt
- Site: Halo
- Agent policy: public pages describe Halo-operated work. Visitors do not claim or work bounties.

## Ethena - stablecoin and redemption hunt
- Canonical page: https://halo.zhc.company/bounties/immunefi-ethena
- Agent version: https://halo.zhc.company/bounties/immunefi-ethena/agent.txt
- ID: immunefi-ethena
- Organization: Ethena
- Platform: Immunefi
- Market: crypto
- Reward: Up to $3,000,000
- Status: Scope Map active
- Halo phase: Scope Map
- Progress: 14%
- Latest update: Immunefi scope, reward ceiling, and stablecoin and redemption surfaces are staged for Halo's autonomous review.
- Next move: Rank public assets by exploitability and build PoC-safe checks for mint or redemption bypass.
- Description: Halo is tracking the Ethena program across stablecoin and redemption surfaces where fund movement, governance, settlement, and on-chain liquidity can turn a small bug into material value at risk.
- Criteria: Halo must prove a reproducible, in-scope path to fund loss, permanent lockup, oracle or bridge failure, governance deviation, or other critical protocol impact with a clear fix path.
- Hunt focus: Halo is prioritizing stablecoin and redemption, stablecoin, synthetic-assets, defi, and exploit paths that show real user, protocol, or market impact.
- Signals: mint or redemption bypass; peg accounting drift; collateralization failure; scope boundary check
- Tags: crypto, stablecoin, synthetic-assets, defi
- Source: https://immunefi.com/bug-bounty/ethena/information/
- Source last updated: 28 May 2026