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BENQI

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BENQI is a decentralized finance protocol on Avalanche that lets users lend, borrow, stake, and earn yield — either by supplying assets for interest or by staking AVAX to get a liquid staking token sAVAX, which remains usable in DeFi. Since its 2021 launch, it has grown into a full DeFi ecosystem combining liquidity markets, liquid staking, and validator bootstrapping.

Avalanche
Defi
Lending
Liquid Staking
ReactJS
Solidity
Maximum Bounty
$500,000
Live Since
19 August 2021
Last Updated
27 November 2025
  • PoC Required

Select the category you'd like to explore

Assets in Scope

Target
Name
qiBUSD
Added on
27 November 2025
Target
Name
qiAvalancheEcosystemMarketsJOE
Added on
27 November 2025
Target
Name
qiAvalancheEcosystemMarketsSolvBTC
Added on
27 November 2025
Target
Name
QiTokenSaleDistributorProxy
Added on
10 May 2022
Target
Name
qiAvalancheEcosystemMarketsCOQ
Added on
27 November 2025
Target
Name
qiAvalancheEcosystemMarketsAUSD
Added on
27 November 2025
Target
Name
QI
Added on
27 November 2025
Target
Name
qiUSDC
Added on
27 November 2025
Target
Name
qiLINK
Added on
27 November 2025
Target
Name
qiETH
Added on
27 November 2025
Target
Name
qisAVAX
Added on
27 November 2025
Target
Name
qiUSDTn
Added on
27 November 2025

Impacts in Scope

Impacts Body

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. All reports must come with a Proof of Concept (PoC) showing impact. Reports without a PoC will be automatically rejected.

Severity
Critical
Title

Retrieve sensitive data/files from a running server such as /etc/shadow, database passwords, and blockchain keys(this does not include non-sensitive environment variables, open source code, or usernames)

Severity
Critical
Title

Taking state-modifying authenticated actions (with or without blockchain state interaction) on behalf of other users without any interaction by that user, such as, changing registration information, commenting, voting, making trades, withdrawals, etc.

Severity
Critical
Title

Malicious interactions with an already-connected wallet such as modifying transaction arguments or parameters, substituting contract addresses, submitting malicious transactions

Severity
Critical
Title

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

Severity
Critical
Title

Permanent freezing of funds

Severity
Critical
Title

Execute arbitrary system commands

Severity
Critical
Title

Retrieve sensitive data/files from a running server, such as:

  • /etc/shadow
  • database passwords
  • blockchain keys (this does not include non-sensitive environment variables, open source code, or usernames)
Severity
Critical
Title

Subdomain takeover with already-connected wallet interaction

Severity
Critical
Title

Direct theft of user funds

Severity
High
Title

Complete theft of unclaimed yield

Severity
High
Title

Injecting/modifying the static content on the target application without Javascript (Persistent) such as HTML injection without Javascript, replacing existing text with arbitrary text, arbitrary file uploads, etc.

Severity
High
Title

Theft of unclaimed yield

Out of scope

Program's Out of Scope information
  • Best practice critiques
  • ERC-777 re-entrancy
  • Reward distribution bugs affecting early borrowers in markets with zero distribution rewards
  • Reward distribution bugs resulting from temporarily disabling distribution rewards
Default Out of Scope and rules

Smart Contract specific

  • Incorrect data supplied by third party oracles
    • Not to exclude oracle manipulation/flash loan attacks
  • Impacts requiring basic economic and governance attacks (e.g. 51% attack)
  • Lack of liquidity impacts
  • Impacts from Sybil attacks
  • Impacts involving centralization risks

All categories

  • Impacts requiring attacks that the reporter has already exploited themselves, leading to damage
  • Impacts caused by attacks requiring access to leaked keys/credentials
  • Impacts caused by attacks requiring access to privileged addresses (including, but not limited to: governance and strategist contracts) without additional modifications to the privileges attributed
  • Impacts relying on attacks involving the depegging of an external stablecoin where the attacker does not directly cause the depegging due to a bug in code
  • Mentions of secrets, access tokens, API keys, private keys, etc. in Github will be considered out of scope without proof that they are in-use in production
  • Best practice recommendations
  • Feature requests
  • Impacts on test files and configuration files unless stated otherwise in the bug bounty program
  • Impacts requiring phishing or other social engineering attacks against project's employees and/or customers