Badger DAO

Submit a Bug
08 January 2021
Live since
KYC required
Maximum bounty

Program Overview

Badger Finance is a community DAO, focused on bringing Bitcoin to DeFi. The DAO's debut products are Sett, a yield aggregator, and Digg, a BTC-pegged elastic supply currency. Its components include:

  • Badger DAO - The governance of Badger Finance is managed via an Aragon DAO with a liquid governance token.
  • Sett - The debut yield aggregator product of the DAO, focused on innovating on the best bitcoin-related yield strategies.
  • Digg - A BTC-pegged elastic supply currency, based on the Ampleforth protocol.
  • Token Distribution - The Badger governance token ($BADGER) and the Digg token ($DIGG) will be initially distributed via airdrops for users who have demonstrated an active interest in Bitcoin DeFi and community governance, early contributors to the DAO, and as staking rewards for participation in Sett.
  • Assistants - Traditional backend services to provide necessary updates to the system. These include oracles, keepers, and system monitors

The bug bounty program is focused around its smart contracts and is mostly concerned with the loss of user funds.

The bug bounty program is also further secured by the Armor Alliance Bug Bounty Challenge.


Verification of Badger DAO's bug bounty program on Immunefi is available at

See verification

Rewards by Threat Level

Rewards are distributed according to the impact of the vulnerability based on the Immunefi Vulnerability Severity Classification System. This is a simplified 5-level scale, with separate scales for websites/apps and smart contracts/blockchains, encompassing everything from consequence of exploitation to privilege required to likelihood of a successful exploit.

Rewards for critical payouts are capped at 10% of the funds at risk.

Payouts up to USD 500 000 are handled by the BadgerDAO team directly and are denominated in USD. Payouts are denominated in USD and are paid out in the reporter's choice of BADGER, ETH, BTC, or a stablecoin (USDC, DAI, USDT). Payouts above USD 500 000 have the remainder paid in ARMOR from the Armor Alliance Bug Bounty Challenge with a vesting period of up to 24 months.

Smart Contracts and Blockchain

USD $750,000
USD $5,000
USD $500
USD $250

Assets in Scope

Additionally, Badger's website hosted at and the infrastructure that hosts that site are excluded from this bug bounty program. Reports of web vulnerabilities that do not impact Badger's Web3 smart contract interface will not receive a payout under this program. Web vulnerabilities that are claimed to impact Badger's Web3 smart contract interface must be accompanied by a proof-of-concept exploit.

Web vulnerabilities may be included in future versions of this program; watch this page for updates.

Prioritized Vulnerabilities


  • Logic errors
    • including user authentication errors
  • Solidity/EVM details not considered
    • including integer over-/under-flow
    • including unhandled exceptions
  • Trusting trust/dependency vulnerabilities
    • including composability vulnerabilities
  • Oracle failure/manipulation
  • Novel governance attacks
  • Economic/financial attacks
    • including flash loan attacks
  • Congestion and scalability
    • including running out of gas
    • including block stuffing
    • including susceptibility to frontrunning
  • Consensus failures
  • Cryptography problems
    • Signature malleability
    • Susceptibility to replay attacks
    • Weak randomness
    • Weak encryption
  • Susceptibility to block timestamp manipulation
  • Missing access controls / unprotected internal or debugging interfaces

Out of Scope & Rules

The following vulnerabilities are excluded from the rewards for this bug bounty program:

  • Attacks that the reporter has already exploited themselves, leading to damage
  • Attacks requiring access to leaked keys/credentials
  • Attacks requiring access to privileged addresses (governance, strategist)
  • Incorrect data supplied by third party oracles
    • Not to exclude oracle manipulation/flash loan attacks
  • Basic economic governance attacks (e.g. 51% attack)
  • Lack of liquidity
  • Best practice critiques
  • Sybil attacks

The following activities are prohibited by bug bounty program:

  • Any testing with mainnet or public testnet contracts; all testing should be done on private testnets
  • 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
  • Automated testing of services that generates significant amounts of traffic
  • Public disclosure of an unpatched vulnerability in an embargoed bounty