Penguin Finance

Submit a Bug
06 January 2022
Live since
KYC required
Maximum bounty

Program Overview

The Penguin Finance protocol is bringing yield-farming, staking, launchpad and more functionalities to the Avalanche Network. Penguin Finance helps you maximize your yield through a full-fledged ecosystem with yield-aggregation, farming, staking, fundraising, and gaming dApps

For more information about Penguin Finance, please visit

This bug bounty program is focused on their smart contracts and is focused on preventing:

  • Thefts and freezing of principal of any amount
  • Thefts and freezing of unclaimed yield of any amount

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.

All smart contract bug reports must come with a suggestion for a fix in order to be considered for a reward.

Critical vulnerabilities are further capped at 15% of economic damage, with the main consideration being the funds affected in addition to PR and brand considerations, at the discretion of the team. However, there is a minimum of USD 20 000 for Critical bug reports.

The Penguin Finance team may be willing to accept and reward bug reports below Critical and High, as well as Critical and High smart contract bugs for assets not listed in the assets in scope table. Bug bounty hunters may submit them to this bug bounty program for consideration, but Penguin Finance is not obliged to reward the bug bounty hunter at its own discretion, even if the vulnerability is deemed valid.

Payouts are handled by the Penguin Finance team directly and are denominated in USD. However, payouts are done in AVAX or PEFI, at the discretion of the team.

Smart Contract

Up to USD $70,000
USD $20,000

Assets in scope

All smart contracts of Penguin Finance can be found at 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

  • Critical Smart Contract Impact
  • High Smart Contract 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
  • Centralization risks

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