perseverance

p0wd3r

https://drive.google.com/file/d/1AEDhJRGHsuRGPCqxff0wypEkOQma7SEb/view?usp=sharing

**Immunefi’s Invite Only Program is a form of Audit Competition which is exclusively accessible to a select group of security researchers who have been specifically invited to participate based on their expertise and skills. These researchers receive a guaranteed fee for participation and additional reward for every valid bug found. Project assets are only visible to the whitelisted researchers.**

Contract fails to deliver promised returns, but doesn't lose value

Theft of unclaimed yield

Permanent freezing of unclaimed yield

Permanent freezing of unclaimed royalties

Temporary freezing of funds of at least 24h

Smart contract unable to operate due to lack of token funds

Block stuffing

Griefing (e.g. no profit motive for an attacker, but damage to the users or the protocol)

Theft of gas

Unbounded gas consumption

Direct theft of any user funds, whether at-rest or in-motion, other than unclaimed yield

Permanent freezing of funds

Protocol insolvency

**Proof of Concept (PoC) Requirements**

A PoC, demonstrating the bug's impact, is required for this program and has to comply with the [Immunefi PoC Guidelines and Rules](https://immunefisupport.zendesk.com/hc/en-us/articles/9946217628561-Proof-of-Concept-PoC-Guidelines-and-Rules).

**Eligibility Criteria**

Security researchers who wish to participate must adhere to the rules of engagement set forth in this program and cannot be:
- On OFACs SDN list 
- Official contributor, both past or present
- Employees and/or individuals closely associated with the project 
- Security auditors that directly or indirectly participated in the audit review

**Responsible Publication**

Whitehats may not publish their bug reports from this program.

However Immunefi will publish a leaderboard and high-level summary of the results of this program which whitehats can use for their portfolio.

**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](https://immunefisupport.zendesk.com/hc/en-us/articles/16913132495377-Feasibility-Limitation-Standards) which by default states what security researchers, as well as projects, can or cannot cite when reviewing a bug report.

**Immunefi Standard Badge**

By adhering to Immunefi’s best practice recommendations, Ionic has satisfied the requirements for the [Immunefi Standard Badge](https://immunefisupport.zendesk.com/hc/en-us/articles/15006865432209-The-Immunefi-Standard-Badge).

The following reward terms are a summary, for the full details read our [Ionic IOP Reward Distribution Terms](https://immunefisupport.zendesk.com/hc/en-us/articles/25846109980177-Ionic-IOP-Reward-Terms).

Each participating whitehat will receive a guaranteed reward $2,000.

A reward pool of $4,000 USD will be distributed among participants. If no valid bugs are found then the reward pool will be distributed between whitehats or returned to the project at Immunefi’s discretion. 

For this Invite Only Program, 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](https://immunefi.com/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 Audit Competition & 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](https://immunefisupport.zendesk.com/hc/en-us/articles/13333032674961-Severity-Classification-System?utm_source=immunefi)

IOP | Ionic

Status

Status