Port Finance-logo

Port Finance

Port Finance aims to provide a whole suite of money market products. They aim to provide variable rate lending, fixed rate lending and also interest rate swap products. Their backers include Jump Capital, Alameda Research, Defi Alliance, a41 and founders of other Solana projects such as Mercurial, Solanium and Raydium.

Bitcoin
ETH
Solana
Terra
Defi
Lending
Rust
Maximum Bounty
$500,000
Live Since
11 January 2022
Last Updated
08 April 2024
  • PoC required

Submit a Bug

Rewards by Threat Level

Smart Contract
Critical
Up to USD $500,000
High
USD $20,000

Rewards are distributed according to the impact of the vulnerability based on the Immunefi Vulnerability Severity Classification 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.

All 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.

Known issues highlighted in their previous audits linked below are considered out-of-scope:

Payouts are handled by the Port Finance team directly and are denominated in USD. However, payouts are done in USDC, PORT or a combination of both, at the discretion of the team.

Program Overview

Port Finance aims to provide a whole suite of money market products. They aim to provide variable rate lending, fixed rate lending and also interest rate swap products. Their backers include Jump Capital, Alameda Research, Defi Alliance, a41 and founders of other Solana projects such as Mercurial, Solanium and Raydium.

They are the first variable rate lending product that is live on Solana. Currently, Port Finance supports 13 different assets from the Solana, Ethereum, Terra and Bitcoin networks.

In December 2021, they launched their first fixed rate lending product Sundial and they believe that the fixed rate lending protocol will unleash the true potential of the Solana blockchain by providing an effective interest rate discovery mechanism using Serum.

For more information about Port Finance, please visit https://port.finance/.

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

  • Loss of any user funds
  • Insolvency of the platform

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.