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10 March 2021
Hegic is an on-chain peer-to-pool options trading protocol built on Ethereum. Hegic allows users to buy WBTC or ETH call and put options with any strike price and flexible holding periods by utilizing Hegic’s liquidity pools. Users can provide liquidity to Hegic to start simultaneously selling options to thousands of buyers, earning their share of premiums paid to the pool. Hegic options can always be exercised at any moment during the period of holding a contract due to the liquidity locked inside the option contract itself.
HEGIC holders are able to acquire staking lots. Also, in the future, it will be the way to delegate governance of the Hegic Protocol to the community of token holders.
The bug bounty program is focused around its smart contracts and the prevention of loss of user funds.
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.
Smart Contracts and Blockchain
|Critical||USD $20,000 - USD $50,000|
|High||USD $10,000 - USD $15,000|
|Medium||USD $3,000 - USD $5,000|
Payouts are handled by the Hegic team directly and are denominated in USD. Payouts are done in USDC. However, for critical bug reports, 50% of the payout will be done in HEGIC.
We are 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:
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