Synthetix

Submit a Bug
05 March 2021
Live since
No
KYC required
$100,000
Maximum bounty

Program Overview

Synthetix is a decentralized synthetic asset issuance protocol built on Ethereum. These synthetic assets are collateralized by the Synthetix Network Token (SNX) which when locked in the contract enables the issuance of synthetic USD (sUSD) which can then be exchanged into other synthetic assets (Synths). This pooled collateral model enables users to perform conversions between Synths directly with the smart contract, avoiding the need for counterparties. This mechanism solves the liquidity and slippage issues experienced by DEX’s.

For more information about Synthetix, please refer to their Litepaper: https://docs.synthetix.io/litepaper.

Synthetix is primarily interested in preventing loss of user funds through its smart contracts. Any vulnerabilities that compromise or impact user funds are highly desired.

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.

Payouts are handled by Synthetix directly and are denominated in USD. Payouts up to USD 100,000 are made in sUSD or SNX, at the choice of the bug hunter.

Smart Contract

Critical
Level
USD $100,000
Payout
High
Level
USD $40,000
Payout
Medium
Level
USD $5,000
Payout
Low
Level
USD $1,000
Payout
Informational
Level
USD $0
Payout

Assets in scope

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
    Critical
    Impact
  • High smart contract impact
    High
    Impact
  • Medium smart contract impact
    Medium
    Impact
  • Low smart contract impact
    Low
    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)
  • 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

The following activities are prohibited by 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