Charm’s Alpha Vaults creates permissionless vaults to manage Uniswap liquidity. It uses Charm’s expertise in Decentralized Market Making Strategies to help anyone increase the liquidity of any Uniswap V3 pool. Using the vault, anyone can launch liquidity mining campaigns just like Uniswap V2, have full control over the vault’s strategy, increase token liquidity using concentrated liquidity, guarantee tokens will always be tradable, and achieve full decentralization.

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

Griefing (e.g. no profit motive for an attacker, but damage to the users or the protocol)

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.

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