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Aera

Aera is a treasury management protocol that aims to address existing shortcomings with controlling treasury funds.

ETH
Defi
Asset Management
Solidity
Maximum Bounty
$180,000
Live Since
20 November 2023
Last Updated
03 December 2024
  • PoC required

  • KYC required

Rewards

Aera provides rewards in USDC on Ethereum, denominated in USD.

Rewards by Threat Level

Smart Contract
Critical
Max: $180,000Min: $2,000
Primacy of Rules
Critical Reward Calculation

Mainnet assets:

Reward amount is 10% of the funds directly affected up to a maximum of:

$180,000

Minimum reward to discourage security researchers from withholding a bug report:

$2,000

Rewards are distributed according to the impact the vulnerability could otherwise cause based on the Impacts in Scope table further below.

Reward Calculation for Critical Level Reports

For critical Smart Contract bugs, the reward amount is 10% of the funds directly affected up to a maximum of USD 180,000. The calculation of the amount of funds at risk is based on the time and date the bug report is submitted. However, a minimum reward of USD 2,000 is to be rewarded in order to incentivize security researchers against withholding a bug report.

Repeatable Attack Limitations

In cases of repeatable attacks for smart contract bugs, only the first attack is considered if the smart contracts where the vulnerability exists can be upgraded, paused, or killed. If the attack impacts a smart contract directly holding funds that cannot be upgraded or paused, the amount of funds at risk will be calculated with the first attack being at 100% of the funds that could be stolen and then a reduction of 25% from the amount of the first attack for every 300 blocks the attack needs for subsequent attacks from the first attack, rounded down. For avoidance of doubt, if a second attack would happen at 600 blocks and then a third at 900 blocks, the funds at risk would be counted at 50% and 75% of the reward from the first attack, respectively.

Restrictions on Security Researcher Eligibility

Security researchers who fall under any of the following are ineligible for a reward

  • Employees and team members of third-party suppliers to Gauntlet Networks Inc. or Aera Foundation will also not be eligible for a reward.
  • Bug reports from OpenZeppelin team members and other third-party protocols that are used as Aera assets in the asset registry (including but not limited to Compound, Aave and others) are also not eligible for the bug bounty program (as they are considered critical infrastructure for Aera)

Public Disclosure of Known Issues

Bug reports covering previously-discovered bugs acknowledged below are not eligible for any reward through the bug bounty program.

  • Risks of MEV in executed or submitted transactions
  • Risks associated with an untrusted guardian
  • Risks associated with faulty oracles or third-party ERC20/ERC4626 asset implementations
  • Risks associated with use of execute by treasury
  • Risks associated with unsanctioned collusion of different roles (e.g., guardian and owner of asset registry)

Previous Audits

Aera has provided these completed audit review reports for reference. Any unfixed vulnerability mentioned in these reports are not eligible for a reward.

Proof of Concept (PoC) Requirements

A PoC is required for the following severity levels:

  • Smart Contract, Critical Severity Level

All PoCs submitted must comply with the Immunefi-wide PoC Guidelines and Rules. Bug report submissions without a PoC when a PoC is required will not be provided with a reward.

Reward Payment Terms

Payouts are handled by the Aera team directly and are denominated in USD. However, payments are done in USDC.

Program Overview

Aera is a treasury management protocol that aims to address existing shortcomings with controlling treasury funds.

For more information about Aera, please visit https://www.aera.finance/.

Aera provides rewards in USDC. For more details about the payment process, please view the Rewards by Threat Level section further below.

KYC Requirement

The provision of KYC is required to receive a reward for this bug bounty program where the following information will be required to be provided:

  • Government-Issued ID or Corporate Charter Docs; EIN/TIN/ITIN or W9 (or equivalent);
  • Proof of current address

KYC information is only required on confirmation of the validity of a bug report.

Primacy of Impact vs Primacy of Rules

Aera adheres to the Primacy of Rules, which means that the whole bug bounty program is run strictly under the terms stated in this page.

Invoicing Information

If needed by the security researcher, Aera is able to provide the necessary information for the proper issuance of an invoice. This includes:

  • Legal Entity
  • Registered Address
  • Email where to send the invoice

KYC required

The submission of KYC information is a requirement for payout processing.

Participants must adhere to the Eligibility Criteria.

Proof of Concept

Proof of concept is always required for all severities.

Responsible Publication

Category 3: Approval Required

Prohibited Activities

Default prohibited activities
  • Any testing on mainnet or public testnet deployed code; all testing should be done on local-forks of either public testnet or mainnet
  • 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 that are executed against project assets
  • Automated testing of services that generates significant amounts of traffic
  • Public disclosure of an unpatched vulnerability in an embargoed bounty
  • Any other actions prohibited by the Immunefi Rules

Feasibility Limitations

The project may be receiving reports that are valid (the bug and attack vector are real) and cite assets and impacts that are in scope, but there may be obstacles or barriers to executing the attack in the real world. In other words, there is a question about how feasible the attack really is. Conversely, there may also be mitigation measures that projects can take to prevent the impact of the bug, which are not feasible or would require unconventional action and hence, should not be used as reasons for downgrading a bug's severity.

Therefore, Immunefi has developed a set of feasibility limitation standards which by default states what security researchers, as well as projects, can or cannot cite when reviewing a bug report.

Severity
Min. - Max.
Critical
$2k -$180k
Total Assets in Scope
5