Folks Finance is a leading DeFi platform providing innovative tools for lending, borrowing, trading and managing digital assets, all in one place.
Status
Immunefi vault program
Rewards
Rewards by Threat Level
The following reward terms are a summary, for the full details read our Folks Finance Mitigation Audit Reward Terms
The purpose of a Mitigation Audit is for whitehats to assess whether the set of fixes from the original Folks Finance Audit Competition both fully resolve the reported vulnerabilities and do not introduce new ones. Hunting on a Mitigation Audit involves understanding the root cause of the issues and verifying that the patches or mitigations directly address the causes.
This is crucial to ensure that the vulnerabilities are fully fixed and do not leave other avenues open for exploitation.
The rewards pool is partly distributed with the following formula, and partly at Immunefi’s discretion. The main purpose of a Mitigation Audit is to reward vulnerabilities, exploiting the fixes of the original Audit Competition.
The portion of the reward pool is to reward high-quality whitehat contributions, such as valuable but technically invalid bug reports which are called Insights. More information about Insight reports can be found in this Help Center article.
The reward pool size for Mitigation Audit | Folks Finance is $25,000 USD. If no bugs or only Insights are found, the reward pool will be - 10% of the largest reward pool ($2,500 USD).
For this Audit, duplicates are valid for a reward.
Program Overview
Folks Finance is a leading DeFi platform providing innovative tools for lending, borrowing, trading and managing digital assets, all in one place.
Folks Finance are expanding with a new cross-chain lending protocol using a hub and spoke model. The hub chain, Avalanche, contains the main logic and state of the lending protocol. The spoke chains, initially EVM, act as an entry point for a user to interact with the protocol.
Chainlink CCIP and Wormhole Messaging are used to communicate between the spoke chains and hub chain. Circle CCTP is used for native cross chain transfers of USDC.
For more information about Folks Finance and their existing products, please visit https://folks.finance. Folks Finance provides rewards in USDC, denominated in USD.
KYC not required
No KYC information is required for payout processing.
Proof of Concept
Proof of concept is always required for all severities.