Folks Finance is a community-driven DeFi protocol offering a variety of tools for digital asset management
For more information about Folks Finance, please visit https://folks.finance/.
Rewards by Threat Level
Rewards are distributed according to the impact of the vulnerability based on the Immunefi Vulnerability Severity Classification System V2.2. This is a simplified 5-level scale, with separate scales for websites/apps, smart contracts, and blockchains/DLTs, focusing on the impact of the vulnerability reported.
All web/app bug reports must come with a PoC with an end-effect impacting an asset-in-scope in order to be considered for a reward. All High and Critical Smart Contract bug reports require a PoC and a suggestion for a fix to be eligible for a reward. Explanations and statements are not accepted as PoC and code is required.
Critical smart contract vulnerabilities are capped at 10% of economic damage, primarily taking into consideration funds at risk, but also PR and branding aspects, at the discretion of the team. However, there is a minimum reward of USD 100 000.
The Algorand Foundation has agreed to match 100% of any financial reward offered by Folks Finance for any validated Critical or High impact vulnerability payout. In effect, if a white hat finds a critical vulnerability and it is validated, they will be eligible to receive USD 100,000 from Folks Finance as well as USD 100,000 from the Algorand Foundation for a total of USD 200,000.
The following vulnerabilities are not eligible for a reward:
All vulnerabilities marked in the Runtime Verification security reviews are not eligible for a reward.
All vulnerabilities marked in the Vantage Point security reviews are not eligible for a reward.
All vulnerabilities marked in the Coinspect security review are not eligible for a reward.
KYC shall be completed for bug bounty hunters submitting a vulnerability report and requesting a reward for Critical and High Smart Contracts vulnerabilities and Critical Websites and Applications vulnerabilities. The basic information needed is full name, residential address, and passport details (DOB, issuing country and passport number). Based on the basic information submitted, Folks Finance team may request further information at its sole discretion for compliance with applicable Laws.
Additionally, all levels of bug bounty hunters submitting a vulnerability report and requesting a reward need to submit certification that (i) they are not acting, directly or indirectly, for or on behalf of any person, group entity, or nation named by any Executive Order or the United States Treasury Department as a terrorist, “Specially Designated National and Blocked Person,” or other banned or blocked person, entity, nation, or transaction pursuant to any law, order, rule or regulation that is enforced or administered by the Office of Foreign Assets Control; and (ii) they are not engaging in, instigating or facilitating this transaction, directly or indirectly, on behalf of any such person, group, entity, or nation. They also need to submit an attestation that all information provided is true, correct, up-to-date and not misleading. The collection of this information will be done by the Folks Finance team.
Payouts are handled by the Folks Finance team directly and are denominated in USD. However, payouts are done in USDCa.
- USD $100,000 to USD $200,000
- USD $50,000
- USD $2,000
- USD $1,000
Websites and Applications
- USD $50,000
Assets in scope
- Smart Contract - CoreType
- TargetWebsites and Applications - Main WebType
In the Github link in the Assets in Scope table, only Exact Match Verified smart contracts are considered as in-scope of the bug bounty program.
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.
- Unrecoverable failure of smart contractsCriticalImpact
- Theft of pooled assetsCriticalImpact
- Theft of fTokensCriticalImpact
- Manipulation of asset pricesCriticalImpact
- Theft of frTokensHighImpact
- Theft of rewardsHighImpact
- Theft of yieldHighImpact
- Flaws in implementation of calculationsMediumImpact
- Smart contract deviates from expected protocol behaviorMediumImpact
- Retrieval of supposed locked fundsMediumImpact
- Unhandled erasure of user dataLowImpact
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)
Smart Contracts and Blockchain
- Incorrect data supplied by third party oracles and market manipulation
- Not to exclude oracle manipulation/flash loan attacks
- Basic economic governance attacks (e.g. 51% attack)
- Lack of liquidity
- Best practice critiques
- Sybil attacks
- Centralization risks
Websites and Apps
- Theoretical vulnerabilities without any proof or demonstration
- Content spoofing / Text injection issues
- Captcha bypass using OCR
- CSRF with no security impact (logout CSRF, change language, etc.)
- Missing HTTP Security Headers (such as X-FRAME-OPTIONS) or cookie security flags (such as “httponly”)
- Server-side information disclosure such as IPs, server names, and most stack traces
- Vulnerabilities used to enumerate or confirm the existence of users or tenants
- Vulnerabilities requiring unlikely user actions
- URL Redirects (unless combined with another vulnerability to produce a more severe vulnerability)
- Lack of SSL/TLS best practices
- DDoS vulnerabilities
- Attacks requiring privileged access from within the organization
- Feature requests
- Best practices
- Vulnerabilities primarily caused by browser/plugin defects
- Any vulnerability exploit requiring CSP bypass resulting from a browser bug
The following activities are prohibited by this 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