Folks Finance is a leading DeFi platform providing innovative tools for lending, borrowing, trading and managing digital assets, all in one place. The Folks Smart Contract Library is a curated, modular collection of audited, reusable smart contracts designed to accelerate development on the Algorand blockchain. The library allows you to focus on your business logic by abstracting away common patterns and security mechanisms.
Evaluating
Triaged by Immunefi
Step-by-step PoC Required
This Audit Competition Is Under Evaluation
Thank You to All Participating Security Researchers!
The audit competition has now concluded and is currently in the evaluation phase. During this period, all submitted reports are being carefully reviewed by the Immunefi triage team and the project team.
Rewards
Rewards by Threat Level
Audit Competition Flat Reward Pool
The following reward terms are a summary. For the full details read our Standardized Competition Reward Terms and includes All Star Pool and Podium Pool reserved for All Star Program participants
The reward pool is $30,000 USD if any bug is found. That means that even if 1 Low severity bug is found, the whole reward pool is unlocked and has to be fully distributed between security researchers.
If not a single bug is found (Insights do not count as bugs) the reward pool is $4,500 USD.
Private known issues, meaning known issues that were not publicly disclosed, are valid and unlock the corresponding reward pool.
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. "Insights" underscores our commitment to valuing all types of contributions that contribute to a more secure environment. View more information about Insights
Duplicates of Insight reports are not eligible for a reward.
Proof of Concept (PoC) Requirements
For this program, runnable PoC code is not required. Whitehats are instead required to write a step-by-step explanation of the PoC and impact. For unclear reports or to resolve disputes Immunefi may still require a runnable PoC.Read more about it in Audit Competition Proof-of-Concept Rules
Program Overview
Folks Finance is a leading DeFi platform providing innovative tools for lending, borrowing, trading and managing digital assets, all in one place.
The Folks Smart Contract Library is a curated, modular collection of audited, reusable smart contracts designed to accelerate development on the Algorand blockchain. The library allows you to focus on your business logic by abstracting away common patterns and security mechanisms.
For more information about Folks Finance and their existing products, please visit https://folks.finance.
Known Issues
KYC not required
No KYC information is required for payout processing.
Proof of Concept
Proof of concept is always required for all severities.
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.