Perpetual protocol, formerly known as Strike, was created in 2019 inspired by emerging DeFi protocols such as Synthetix and Uniswap. The team sought to combine the merits of these protocols to create a decentralized perpetual contract trading protocol on Ethereum.

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

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

Contract fails to deliver promised returns, but doesn't lose value

Rewards are distributed according to the impact of the vulnerability based on the [Immunefi Vulnerability Severity Classification System V2.2](https://immunefi.com/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 Critical/High/Medium severity 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.

Critical severity rewards for the Perpetual bug bounty program are scaled based on internally established team criteria, taking into account the exploitability of the bug, the impact it causes, and the likelihood of the vulnerability presenting itself, which is especially factored in with bug reports requiring multiple conditions to be met that are currently not in place. However, there is a minimum reward of __USD 10 000__, and rewards will be provided at the determined fair value by the team depending on these conditions, assuming that the bug report is in-scope of the bug bounty program.

Payouts are handled by the __Perpetual__ team directly and are denominated in USD. However, payouts are done in __PERP__ on Optimism. All amounts are calculated using a 7-day TWAP price, based on the past 7 days up till the day the bug report is submitted. 

All smart contracts of Perpetual can be found at [https://github.com/perpetual-protocol](https://github.com/perpetual-protocol). However, only those in the Assets in Scope table are considered as in-scope of the bug bounty program.

If an impact can be caused to any other asset managed by Perpetual that isn’t on this table but for which the impact is in the Impacts in Scope section below, you are encouraged to submit it for the consideration by the project. 
