05 February 2021
Live since
No
KYC required
$20,000
Maximum bounty
12 November 2022
Last updated

Program Overview

Charm is a breakthrough Automatic Market Maker (AMM) that can create liquid options on the blockchain. By applying a prediction market scoring rule to the options world, they have invented a new model for options creation, pricing, trading, and settlement. This model powers a new type of AMM that can offer cheap options and higher profits for traders, and lower risk for liquidity providers (LPs).

Included in this bug bounty program are Cube Tokens and Alpha Vaults, both projects of the Charm team.

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

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.

Payouts are handled by the Charm team directly and are denominated in USD. However, payouts are done in ETH or USDC.

Smart Contract

Critical
Level
USD $20,000
Payout
High
Level
USD $7,500
Payout
Medium
Level
USD $3,000
Payout
Low
Level
USD $750
Payout
Informational
Level
USD $0
Payout

Assets in scope

Impacts in scope

Only the following impacts are accepted within this bug bounty program. All other impacts are not considered as in-scope, even if they affect something in the assets in scope table.

Smart Contract

  • Critical Smart Contract Impact
    Critical
    Impact
  • High Smart Contract Impact
    High
    Impact
  • Medium Smart Contract Impact
    Medium
    Impact
  • Low Smart Contract Impact
    Low
    Impact

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