# Security

## Bug Bounty

We have an ongoing [bug bounty on ImmuneFi](https://immunefi.com/bounty/ribbon/), with up to $250,000 of bounty. The contracts that are included in the bounty are ETH and WBTC Theta Vaults.

## Audits

Ribbon's contracts are audited. Despite the audits and security measures we have taken, we advice users to exercise caution and to not risk funds they are not willing to lose.

Ribbon Earn:

* Veridise

Theta Vault v2:

* [OpenZeppelin](https://blog.openzeppelin.com/ribbon-finance-audit/)
* [ChainSafe](https://github.com/ribbon-finance/audit/blob/master/reports/RibbonThetaVault%20V2%20Smart%20Contract%20Review%20And%20Verification.pdf)

Theta Vault v1:

* [Peckshield](https://github.com/ribbon-finance/audit/blob/master/reports/PeckShield-Audit-Report-Ribbon-v1.0.pdf)
* [ChainSafe](https://github.com/ChainSafe/audits/blob/main/Ribbon%20Finance/Ribbon-Audit_April-2021.pdf)
* [Quantstamp](https://github.com/ribbon-finance/audit/blob/master/reports/Quantstamp%20Theta%20Vault.pdf)


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