Audit Comp | Anvil: Letters of Credit-logo

Audit Comp | Anvil: Letters of Credit

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Anvil is a decentralized finance (DeFi) protocol for the issuance of fully secured credit. The protocol's Ethereum-based smart contracts allow users to deposit collateral in a vault, issue letters of credit, and supply assets to staking pools. For more information about Anvil, please visit https://anvil.xyz/

Solidity

Evaluating

27d: 2h remaining
Rewards Pool
$30,000
Vault TVL
To be determined
Started
11 November 2024
Ended
22 November 2024
Rewards Token
USDT
nSLOC
1,622
  • Triaged by Immunefi

  • PoC required

  • KYC required

This Audit Competition Is Under Evaluation

Started
11 November 2024 10:00 UTC
Ended
22 November 2024 10:00 UTC

Rewards

Audit Comp | Anvil: Letters of Credit provides rewards in USDT, denominated in USD.

Rewards by Threat Level

Smart Contract
Critical
Portion of the Reward Pool
High
Portion of the Reward Pool
Medium
Portion of the Reward Pool
Low
Portion of the Reward Pool
All categories *
Insight
Reward pool portion

The following reward terms are a summary. For the full details read our Anvil: Letters of Credit Audit Competition Reward Terms

A reward pool of $30,000 USD will be distributed among participants, even if no valid bugs are found.

Duplicates and private known issues are valid for a reward.

Rewards are distributed according to the impact of the vulnerability based on the Immunefi Vulnerability Severity Classification System V2.3.

Rewards will be distributed all at once based on Immunefi’s distribution formula after the event has concluded and the final bug reports have been resolved.

Insight Rewards Payment Terms

Insight Rewards: Portion of the Rewards Pool

*The "Insight" severity was introduced on Boost (Audit Competitions) & Attackathon programs to recognize contributions that extend beyond identifying immediate vulnerabilities. Currently, it's not an option to select the Insight severity when submitting a report. However, our team or program will designate it accordingly if applicable. "Insights" underscores our commitment to valuing all types of contributions that contribute to a more secure environment and will always be rewarded. View more information about Insights

Duplicates of Insight reports are not eligible for a reward.

Program Overview

Anvil is a decentralized finance (DeFi) protocol for the issuance of fully secured credit. The protocol's Ethereum-based smart contracts allow users to deposit collateral in a vault, issue letters of credit, and supply assets to staking pools. Anvil's mission is to provide flexible building blocks to bring efficient and transparent collateralized finance into an increasingly decentralized world.

For more information about Anvil, please visit https://anvil.xyz/

Anvil provides rewards in USDT on Ethereum, denominated in USD.

This Audit Competition is running on mainnet. The following conditions apply:

  1. Anvil team will freeze the in-scope codebase for the duration of the Audit Competition
  2. Duplicates are rewarded

KYC required

The submission of KYC information is a requirement for payout processing.

Participants must adhere to the Eligibility Criteria.

Proof of Concept

Proof of concept is always required for all severities.

Prohibited Activities

Default prohibited activities
  • Any testing on mainnet or public testnet deployed code; all testing should be done on local-forks of either public testnet or mainnet
  • Any testing with pricing oracles or third-party smart contracts
  • Attempting phishing or other social engineering attacks against our employees and/or customers
  • Any testing with third-party systems and applications (e.g. browser extensions) as well as websites (e.g. SSO providers, advertising networks)
  • Any denial of service attacks that are executed against project assets
  • Automated testing of services that generates significant amounts of traffic
  • Public disclosure of an unpatched vulnerability in an embargoed bounty
  • Any other actions prohibited by the Immunefi Rules

Feasibility Limitations

The project may be receiving reports that are valid (the bug and attack vector are real) and cite assets and impacts that are in scope, but there may be obstacles or barriers to executing the attack in the real world. In other words, there is a question about how feasible the attack really is. Conversely, there may also be mitigation measures that projects can take to prevent the impact of the bug, which are not feasible or would require unconventional action and hence, should not be used as reasons for downgrading a bug's severity.

Therefore, Immunefi has developed a set of feasibility limitation standards which by default states what security researchers, as well as projects, can or cannot cite when reviewing a bug report.

Severity
Min. - Max.
Total Assets in Scope
3