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Bug bounty

Overview

Folks Finance considers the security of its users as its highest priority. Alongside five audits successfully completed with Runtime Verification, Coinspect and Vantage Point, the bug bounty program is a fundamental addition.
Therefore, Folks Finance launches a $100,000 Bug Bounty program on Immunefi to increase the protocol's robustness.

Rewards by Threat Level

Rewards are distributed according to the impact of the vulnerability based on the Immunefi Vulnerability Severity Classification System V2. This is a simplified 5-level scale, with separate scales for websites/apps, smart contracts, and blockchains/DLTs, focusing on the impact of the vulnerability reported.
All web/app bug reports must come with a PoC with an end-effect impacting an asset-in-scope in order to be considered for a reward. All High and Critical Smart Contract bug reports require a PoC and a suggestion for a fix to be eligible for a reward. Explanations and statements are not accepted as PoC and code is required.
Critical smart contract vulnerabilities are capped at 10% of economic damage, primarily taking into consideration funds at risk, but also PR and branding aspects, at the discretion of the team. However, there is a minimum reward of USD 50 000.
The following vulnerabilities are not eligible for a reward:
Payouts are handled by the Folks Finance team directly and are denominated in USD. However, payouts are done in USDCa.

Smart Contract

Critical -> up to $ 100,000
High -> $ 5,000
Medium -> $ 2,000
Low -> $ 1,000

Website and Application

Critical -> $ 5,000
For more information visit the dedicated page on Immunefi โ€‹