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Marinade

Marinade.Finance is the first non-custodial liquid staking protocol built on Solana. You can stake your SOL tokens with Marinade and receive "marinated SOL" tokens (mSOL) that you can use in decentralized finance (DeFi).

Solana
Defi
Staking
Rust
Maximum Bounty
$250,000
Live Since
01 December 2021
Last Updated
23 November 2022
  • PoC required

Submit a Bug

Rewards by Threat Level

Smart Contract
Critical
Up to USD $250,000
High
Up to USD $15,000

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 websites/apps and smart contracts/blockchains, encompassing everything from consequence of exploitation to privilege required to likelihood of a successful exploit.

All smart contract bug reports must come with a PoC in order to be considered for a reward.

Critical vulnerabilities are further capped at 10% of economic damage, with the main consideration being the funds affected in addition to PR and brand considerations, at the discretion of the team. However, there is a minimum of USD 50 000 for Critical bug reports.

Payouts are handled by the Marinade Finance team directly and are denominated in USD. However, payouts are done in mSOL and MNDE.

Program Overview

Marinade.Finance is the first non-custodial liquid staking protocol built on Solana. You can stake your SOL tokens with Marinade and receive "marinated SOL" tokens (mSOL) that you can use in decentralized finance (DeFi).

The price of mSOL goes up relative to SOL each epoch, with rewards being accrued into the underlying staked SOL. Marinade stakes in 400+ validators that are selected automatically by an open-source fair formula based on performance, commission and decentralization.

Marinade includes mSOL->SOL swap, so you can “Unstake Now!” and receive your SOL immediately with a small fee. You can also directly exchange between mSOL and SOL on secondary markets at the current rate. Finally, you can unstake your SOL with zero-fee by waiting 4-6 days for the Solana cool-down period (delayed-unstake).

As of November 2021, Marinade’s TVL is around 1.5b USD

For more information about Marinade Finance, please visit https://marinade.finance/ and https://docs.marinade.finance

This bug bounty program is focused on their smart contracts and is focused on preventing:

  • Loss of user funds staked (principal) by freezing or theft
  • Loss of governance funds
  • Theft of unclaimed yield
  • Freezing of unclaimed yield
  • Temporary freezing of funds
  • Unable to call smart contract

KYC not required

No KYC information is required for payout processing.

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.