BendDAO-logo

BendDAO

Bend DAO is the first decentralized peer-to-pool based NFT liquidity protocol. Borrowers can borrow ETH instantly through the lending pool using NFTs as collateral. Depositors provide ETH liquidity to the lending pool to earn interest.

ETH
Defi
NFT
Lending
JavaScript
Solidity
Maximum Bounty
$1,000,000
Live Since
22 April 2022
Last Updated
23 October 2024
  • PoC required

Rewards

BendDAO provides rewards in BEND on Ethereum, denominated in USD.

Rewards by Threat Level

Smart Contract
Critical
Up to: $1,000,000
Primacy of Rules
High
Flat: $10,000
Primacy of Rules
Medium
Flat: $2,000
Primacy of Rules
Low
Flat: $1,000
Primacy of Rules
Critical Reward Calculation

Mainnet assets:

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

$1,000,000

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

All Smart Contract bug reports require a PoC and a suggestion for a fix to be eligible for a reward. Explanations and statements are not accepted as PoC and code is required.

Critical smart contract vulnerabilities are capped at 10% of economic damage, primarily taking into consideration funds at risk, but also PR and branding aspects, at the discretion of the team.

All vulnerabilities marked in the Security Audit Reports are not eligible for a reward.

Payouts are handled by the BendDAO team directly and are denominated in USD. However, payouts are done in BEND.

Program Overview

Bend DAO is the first decentralized peer-to-pool based NFT liquidity protocol. Borrowers can borrow ETH instantly through the lending pool using NFTs as collateral. Depositors provide ETH liquidity to the lending pool to earn interest.

For more information about BendDAO, please visit https://www.benddao.xyz/. This bug bounty program is focused on smart contracts, and is focused on preventing:

  • Loss of ERC721 tokens of users
  • Loss of ETH and ERC20 tokens of users

KYC not required

No KYC information is required for payout processing.

Proof of Concept

Proof of concept is always required for all severities.

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
$1M
High
$10k
Medium
$2k
Low
$1k
Total Assets in Scope
6