The "bug bounty" model is already used for eliciting security contributions from security researchers so it is a good thing you've extended it to elicit general contributions from devs looking to contribute to OSS and be paid for it.
BTW, there's an over-representation of TypeScript and Rust amongst the projects you have listed. I'm curious is this because you already have strong network in these communities, hence the over-representation or it is a consequence of something else?