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22 January 2021
Armor is a smart insurance aggregator for DeFi which provides Pay as You Go and Only Pay What You Owe ᴰᵀᴹ coverage for user funds across various protocols. Underwritten by Nexus, Armor evolves digital asset insurance from static chunks of coverage toward dynamic risk management customized to client demands and circumstances. Instead of sticking to a fixed amount, a set timeframe, and expiration date, all of these inputs can be dynamically recommended and modified at any time.
The bug bounty program is focused around its smart contracts used actively in live products on mainnet.
Verification of Armor’s bug bounty program on Immunefi is available at https://armorfi.gitbook.io/armor/developers/bug-bounties/immunefi-bug-bounty
Rewards are distributed according to the exploitability level of the vulnerability and its impact based on the Immunefi Vulnerability Severity Classification System. The listed rewards represent the maximum that will be paid out for a security bug reporting.
|Level||Payout||Est. Current Value (USD)|
|Critical||1 million Armor||up to $690,000|
Payouts are handled by the Armor team directly. The payouts are based on and completed in ARMOR or USDC as specified in the table and take place according to a vesting schedule. A USD estimate of the current value of the token is provided for reference. Estimates are updated regularly, but should not be relied on.
*This bug bounty applies to all smart contracts used actively in live products on mainnet.
Armor is especially interested in receiving and rewarding vulnerabilities of the following types:
The following vulnerabilities are excluded from the rewards for this bug bounty program:
The following activities are prohibited by bug bounty program:
There is usually a description of the contract and main functions in the readme contained in the GitHub Repos linked to in the left panel under DEVELOPER RESOURCES. More information about Armor can also be found on its Gitbook.
Rewards will only be given to the bounty hunter that first submits the bug. The classification and reward given for any bug will be based on the Immunefi Vulnerability Severity Classification System, but at the sole discretion of the token holders or Armor team.
We have compiled a list of examples to complement the severity classification system in order to make things clearer:
Low - A low severity bug, for example, may be the contract not applying to standards in a non-threatening way (such as there not being a total supply), or an external getter function not working correctly.
Medium - Bugs that lead to a small (but non-negligible) loss of funds or a loss of funds in extreme edge cases.
High - Exploits that leads to a severe loss of user funds that require a re-deployment of the contract or an upgrade.
Critical - An exploit in which more than $1m in user funds can be lost or an exploit that allows the contract to become permanently disabled.
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