Immunefi
Immunefi

Volt Protocol

Submit a Bug
10 May 2022
Live since
No
KYC required
$100,000
Maximum bounty
02 December 2022
Last updated

Program Overview

Volt Protocol is a decentralized savings and credit system. Users can mint or redeem the natively yield bearing stablecoin VOLT with no slippage or swap fees, just like depositing into a vault or lending market. VOLT is live on Ethereum mainnet and Arbitrum. Unlike other stablecoins, VOLT holders will have governance rights. The market governance system that will power VOLT as the best on chain savings venue is under active development, read the whitepaper to learn more.

For more information about Volt Protocol, please visit https://www.voltprotocol.io/.

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, smart contracts, and blockchains/DLTs, focusing on the impact of the vulnerability reported.

All bug reports must come with a PoC with an end-effect impacting an asset-in-scope in order to be considered for a reward. Explanations and statements are not accepted as PoC and code is required.

Rewards for critical smart contract 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 reward of USD 50 000 for Critical smart contract bug reports.

Previous issues highlighted in the following audit reports are considered to be out of scope:

Payouts are handled by Volt Protocol directly and are denominated in USD. However, payouts are done in USDC or VOLT, at the discretion of the team.

Smart Contract

Critical
Level
Up to USD $100,000
Payout
PoC Required
High
Level
USD $10,000
Payout
PoC Required
Medium
Level
USD $2,000
Payout
PoC Required

Assets in scope

All smart contracts of Volt Protocol can be found at https://github.com/volt-protocol/volt-protocol-core. 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 or protocol funds, whether at-rest or in-motion, other than unclaimed yield without privileged role
    Critical
    Impact
  • Permanent freezing of funds without privileged role
    Critical
    Impact
  • Protocol Insolvency
    Critical
    Impact
  • Logic errors in the oracle contracts that would cause loss of PCV
    Critical
    Impact
  • Theft of unclaimed yield
    High
    Impact
  • Permanent freezing of unclaimed yield
    High
    Impact
  • Miner-extractable value from PCV (MEV)
    High
    Impact
  • Temporary freezing of funds for at least 2 days without permissioned role
    High
    Impact
  • Unauthorized privilege escalation by user without a role in the system
    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
  • Unbounded gas consumption
    Medium
    Impact
  • Theft of gas
    Medium
    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, pcv controller, pcv guard, minter, burner, pcv guard admin, etc)

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