Overlay
Overlay enables markets on streams of data without the need for traditional counterparties or liquidity pools. The protocol accomplishes this through its native token, OVL.
PoC required
Rewards by Threat Level
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, smart contracts, and blockchains/DLTs, focusing on the impact of the vulnerability reported.
All bug reports must come with a PoC with an end-effect impacting an asset-in-scope in order to be considered for a reward. Explanations and statements are not accepted as PoC and code is required.
The following issues are considered out of scope of this program:
- Economic oracle (time-weighted price and liquidity) manipulation
- System insolvency if due to economic factors / market movements
In addition, issues previously highlighted in the following audit reports are considered out of scope:
- https://github.com/overlay-market/v1-core/blob/main/audits/spearbit/audit.pdf
- https://github.com/overlay-market/v1-core/blob/main/audits/leastauthority/audit.pdf
Payouts are handled by the Overlay team directly and are denominated in USD. However, payouts are done in USDC.
Program Overview
Overlay enables markets on streams of data without the need for traditional counterparties or liquidity pools. The protocol accomplishes this through its native token, OVL.
The mechanism is relatively simple: Traders stake OVL as collateral on an Overlay market to enter a position on a particular stream. If the trade is profitable when the trader looks to unwind, the protocol mints more OVL to the circulating supply to compensate the trader for their gains. Conversely, if the trade is at a loss, the protocol burns OVL from the position’s staked collateral, removing the tokens from the circulating supply.
For more information about Overlay, please visit https://overlay.market/.
KYC not required
No KYC information is required for payout processing.
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.