Notional

Submit a Bug
05 November 2021
Live since
Yes
KYC required
$500,000
Maximum bounty
24 October 2022
Last updated

Program Overview

Notional is a protocol on Ethereum that facilitates fixed-rate, fixed-term crypto asset lending and borrowing through a novel financial instrument called fCash.

fCash is a tokenized representation of a fCash flow. It represents the amount of tokens (i.e. Dai) that an account is either entitled to receive or obligated to pay at its designated maturity. For example, if an account holds +100 fCash tokens for a maturity on January 1, 2021, it is entitled to 100 Dai at any time greater than or equal to January 1, 2021. Similarly, -100 fCash tokens for the same maturity means that the account is obligated to pay 100 Dai at maturity.

For more information about Notional, please visit https://notional.finance/.

This bug bounty program is focused on their smart contracts and app and is focused on preventing the following impacts:

  • Loss of funds
  • Voting manipulation
  • Any function that is outside the intended behavior of the smart contracts
  • Redirection of funds
  • Injection of text

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 and smart contracts/blockchains, encompassing everything from consequence of exploitation to privilege required to likelihood of a successful exploit.

Critical web and Low and Medium smart contract bug reports must come with a PoC in order to be considered for a reward.

Critical smart contract vulnerabilities are paid at 10% of economic damage, primarily based on funds at risk. The team may, at its discretion, take into consideration other aspects such as PR and branding effects. However, there is a minimum reward of USD 50 000.

Payouts are handled by the Notional team directly and are denominated in USD. However, payouts are done in USDC, DAI, ETH, USDT, or the project token, at the discretion of the team.

Smart Contract

Critical
Level
Up to USD $500,000
Payout
High
Level
USD $50,000
Payout
Medium
Level
USD $5,000
Payout
PoC Required
Low
Level
USD $1,000
Payout
PoC Required

Websites and Applications

High
Level
USD $50,000
Payout

Assets in scope

All smart contracts of Notional can be found at https://github.com/notional-finance/contracts-v2/. However, only those in the Assets in Scope table 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.

Smart Contract

  • Any governance voting result manipulation
    Critical
    Impact
  • Direct theft of any user funds, whether at-rest or in-motion, other than unclaimed yield
    Critical
    Impact
  • Permanent freezing of funds
    Critical
    Impact
  • Any smart contract code resulting directly in protocol Insolvency
    Critical
    Impact
  • Theft of unclaimed yield
    High
    Impact
  • Permanent freezing of unclaimed yield
    High
    Impact
  • Temporary freezing of funds
    High
    Impact
  • Miner-extractable value (MEV)
    High
    Impact
  • Smart contract unable to operate due to lack of token funds
    Medium
    Impact
  • Block stuffing for profit
    Medium
    Impact
  • Griefing (e.g. no profit motive for an attacker, but damage to the users or the protocol)
    Medium
    Impact
  • Theft of gas
    Medium
    Impact
  • Unbounded gas consumption
    Medium
    Impact
  • Contract fails to deliver promised returns, but doesn't lose value
    Low
    Impact

Websites and Applications

  • Bypassing Authentication
    Critical
    Impact
  • Signing transactions for other users
    Critical
    Impact
  • Redirection of user deposits and withdrawals
    Critical
    Impact
  • Subdomain takeover resulting in financial loss (applicable for subdomains with addresses published)
    Critical
    Impact
  • Wallet interaction modification resulting in financial loss
    Critical
    Impact
  • Direct theft of user funds
    Critical
    Impact
  • Tampering with transactions submitted to the user’s wallet
    Critical
    Impact
  • Submitting malicious transactions to an already-connected wallet
    Critical
    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)

Smart Contracts and Blockchain

  • 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

Websites and Apps

  • Theoretical vulnerabilities without any proof or demonstration
  • Content spoofing / Text injection issues
  • Self-XSS
  • 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

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