Decentralized lending protocol Cream Finance is reportedly offering its support for an additional significant initiative aimed at streamlining the security of decentralized finance.

Particularly, Cream Finance reportedly disclosed details of a new security campaign, in partnership with numerous DeFi platforms, nominally Immunefi, Armor and DeFiSafety, to reinforce the security level for ít protocol and the vast DeFi ecosystem. 

As included in the campaign, Cream Finance is reportedly rolling out a $1.5 million bug bounty program with blockchain bounty platform Immunefi, dedicated to making its protocol, API and website security stronger. 

The new bug bounty will reportedly direct its resources primarily towards ream Finance’s smart contracts, as well as helping to bring down the likelihood of exploits against user funds, assets and data breach vulnerabilities happening. 

The distribution for The bounty rewards will reportedly be carried out in accordance with a five-level scale, mentioned in Immunefi’s vulnerability severity classification system.

Together with the bug bounty, Cream Finance will reportedly also collaborate with DeFi smart cover aggregator Armor, to offer users with the insurance options for their funds against a hack. 

“Security is the key to maturing the decentralized finance ecosystem and bringing emerging financial technology to more users across the globe. We are delivering increased project transparency through DeFiSafety, preventing hacks with Immunefi, and providing a clear path for users to buy insurance coverage with Armor.fi,” Cream Finance co-founder and project lead Leo Cheng reportedly remarked.