Crowdsourced DeFi Security for Bima Protocol

DeFi Competition-Based Security Assessment of Bima

The Bima protocol powers USBD, a Bitcoin-collateralized stablecoin designed for the decentralized economy.
To strengthen its resilience and transparency, Bima engaged in a crowdsourced security competition hosted by Cantina.

The competition brought together over 300 researchers to evaluate smart contracts handling minting, staking, voting, and reward systems.
This wide-ranging participation surfaced dozens of critical and high-severity issues that might otherwise go undetected in traditional reviews.

By combining this community-driven format with formal security audits, Bima ensures robust defense against evolving threats.
Cantina also offers further protection through bug bounty programs and multisig security)—key layers in any long-term DeFi security strategy.