Folks Finance is a leading DeFi platform providing innovative tools for lending, borrowing, trading and managing digital assets, all in one place.
Evaluating
Triaged by Immunefi
PoC required
This Audit Competition Is Under Evaluation
Rewards
Rewards by Threat Level
The following reward terms are a summary, for the full details read our Folks: Liquid Staking Audit Competition Reward Terms.
Rewards are denominated in USD and distributed in USDC on Algorand.
Rewards are distributed all at once after the competition has ended. No rewards are distributed during the competition.
The reward pool is $30,000 USD and will be fully distributed among whitehat participants in the form of USDC on Algorand.
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.
Reward Payment Terms
Payouts are handled by the Folks Finance team directly and are denominated in USD. However, payments are done in USDC on Algorand.
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.
Program Overview
Folks Finance is a leading DeFi platform providing innovative tools for lending, borrowing, trading and managing digital assets, all in one place.
For more information about Folks Finance and their existing products, please visit https://folks.finance.
Folks Finance provides rewards in USDC on Algorand, denominated in USD.
- Folks Finance team will freeze the codebase for the duration of the Audit Competition
- Duplicates are rewarded
KYC not required
No KYC information is required for payout processing.
Proof of Concept
Proof of concept is always required for all severities.
Prohibited Activities
- Any testing on mainnet or public testnet deployed code; all testing should be done on local-forks of either public testnet or mainnet
- 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 that are executed against project assets
- Automated testing of services that generates significant amounts of traffic
- Public disclosure of an unpatched vulnerability in an embargoed bounty
- Any other actions prohibited by the Immunefi Rules
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 which by default states what security researchers, as well as projects, can or cannot cite when reviewing a bug report.