Predy Finance-logo

Predy Finance

@predyfinance, Hyper Gamma trading AMM with: - Perp futures for ETH and Squart(ETH^0.5) - composed with Uniswap V3 LP positions - Oracle less - path independent for LP range - optimized for delta neutral Gamma trading

Arbitrum
Defi
AMM
L2
Lending
Perpetuals
Solidity
Maximum Bounty
$20,000
Live Since
19 December 2022
Last Updated
08 April 2024
  • PoC required

Rewards by Threat Level

Smart Contract
Critical
USD $20,000
High
USD $10,000

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, 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.

Payouts are handled by the Predy Finance team directly and are denominated in USD. However, payouts are done in USDC.

Program Overview

@predyfinance, Hyper Gamma trading AMM with:

  • Perp futures for ETH and Squart(ETH^0.5)
  • composed with Uniswap V3 LP positions
  • Oracle less
  • path independent for LP range
  • optimized for delta neutral Gamma trading

It is using the composability of Uniswap's LPT and adding ETH and USDC lending and borrowing to achieve each position and this can be done for all token pairs in Uniswap V3. Predy v3.2 is applicable to all existing Uniswap Pools, and Predy v5 is the embodiment of this. We've expanded the number of currency pairs and also made the lending pool required for leverage public.

For more information about Predy Finance, please visit https://predy.gitbook.io/predy-v5/

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.