Port Finance

Submit a Bug
11 January 2022
Live since
No
KYC required
$500,000
Maximum bounty

Program Overview

Port Finance aims to provide a whole suite of money market products. They aim to provide variable rate lending, fixed rate lending and also interest rate swap products. Their backers include Jump Capital, Alameda Research, Defi Alliance, a41 and founders of other Solana projects such as Mercurial, Solanium and Raydium.

They are the first variable rate lending product that is live on Solana. Currently, Port Finance supports 13 different assets from the Solana, Ethereum, Terra and Bitcoin networks.

In December 2021, they launched their first fixed rate lending product Sundial and they believe that the fixed rate lending protocol will unleash the true potential of the Solana blockchain by providing an effective interest rate discovery mechanism using Serum.

For more information about Port Finance, please visit https://port.finance/.

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

  • Loss of any user funds
  • Insolvency of the platform

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 bug reports must come with a PoC in order to be considered for a reward.

Critical vulnerabilities are further capped at 10% 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 50 000 for Critical bug reports.

Known issues highlighted in their previous audits linked below are considered out-of-scope:

Payouts are handled by the Port Finance team directly and are denominated in USD. However, payouts are done in USDC, PORT or a combination of both, at the discretion of the team.

Smart Contracts and Blockchain

Critical
Level
Up to USD $500,000
Payout
high
Level
USD $20,000
Payout

Assets in Scope

All smart contracts of Port Finance can be found at https://anchor.projectserum.com/. However, only those in the Assets in Scope table are considered as in-scope of the bug bounty program.

Smart Contract - Port Finance Variable Rate Lending
Type
Smart Contract - Port Finance Staking
Type

Prioritized Vulnerabilities

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 Contracts/Blockchain

  • Loss of user funds
  • Theft of unclaimed yield
  • Smart contract fails to deliver promised returns with over a USD 10 000 difference

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