Aevo is a new protocol that creates crypto structured products for DeFi. Structured products are packaged financial instruments that use a combination of derivatives to achieve some specific risk-return objective, such as betting on volatility, enhancing yields or principal protection.  

Contract fails to deliver promised returns, but doesn't lose value

Theft of unclaimed yield

Permanent freezing of unclaimed yield

Temporary freezing of funds

Smart contract unable to operate due to lack of token funds

Block stuffing for profit

Theft of gas

Unbounded gas consumption

Any governance voting result manipulation

Direct theft of any user funds, whether at-rest or in-motion, other than unclaimed yield

Permanent freezing of funds

Miner-extractable value (MEV)

Protocol insolvency

Rewards are distributed according to the impact of the vulnerability based on
the [Immunefi Vulnerability Severity Classification System](/severity-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.

Smart Contracts Critical:
  - Loss of user funds:
    - 1% of all assets at risk, minimum __50 000 USD__, maximum __300 000 USD__
  - Loss of non-user funds (e.g. treasury):
    - 1% of assets at risk, minimum __50 000 USD__ , maximum __150 000 USD__

Smart Contracts High:
  - 1% of all assets at risk when attack persists for 1 month minimum __10 000 USD__, maximum of __50 000 USD__

Smart Contracts Medium:
  - 1% of all assets at risk when attack persists for 1 month minimum __5 000 USD__, maximum __25 000 USD__

Smart Contracts Low:
  - __2 000 USD__

Payouts are handled by the **Aevo** team directly and are denominated in USD. However, payouts are done in **USDC**.