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Reserve

The Reserve Protocol is the first platform that allows for the permissionless creation of asset-backed, yield-bearing & overcollateralized stablecoins on Ethereum. The end goal of the Reserve Protocol is to provide highly scalable, decentralized, stable money in contrast to volatile cryptocurrencies such as Bitcoin and Ether.

ETH
Defi
Stablecoin
Synthetic Assets
Oracle
Asset Management
Bug bounty
Solidity
Maximum Bounty
$5,000,000
Live Since
27 April 2023
Last Updated
11 November 2024
  • PoC required

  • KYC required

Select the category you'd like to explore

Assets in Scope

Target
Type
Smart Contract - DutchTrade
Added on
6 October 2023
Target
Type
Smart Contract - ConvexFiatMetapoolCollateral (multiple deployments)
Added on
6 October 2023
Target
Type
Smart Contract - ConvexFiatCollateral
Added on
6 October 2023
Target
Type
Smart Contract - sDAICollateral
Added on
6 October 2023
Target
Type
Smart Contract - MorphoFiatCollateral (multiple deployments)
Added on
6 October 2023
Target
Type
Smart Contract - MorphoNonFiatCollateral (multiple deployments)
Added on
6 October 2023
Target
Type
Smart Contract - MorphoSelfReferentialCollateral
Added on
6 October 2023
Target
Type
Smart Contract - AaveV3FiatCollateral
Added on
6 October 2023
Target
Type
Smart Contract - CBEthCollateral
Added on
6 October 2023
Target
Type
Smart Contract - CTokenV3Collateral
Added on
6 October 2023
Target
Type
Smart Contract - MainP1 (Proxied)
Added on
27 April 2023
Target
Type
Smart Contract - AssetRegistryP1 (Proxied)
Added on
27 April 2023

Impacts in Scope

Severity
Critical
Title

Any governance voting result manipulation

Severity
Critical
Title

Direct theft of any user funds, whether at-rest or in-motion, other than unclaimed yield

Severity
Critical
Title

Permanent freezing of assets

Severity
High
Title

Theft of unclaimed yield

Severity
High
Title

Permanent freezing of unclaimed yield

Severity
High
Title

Protocol insolvency

Severity
Medium
Title

Temporary freezing of RToken ERC20 functionality

Severity
Medium
Title

Temporary freezing of funds

Severity
Medium
Title

Griefing (e.g. no profit motive for an attacker, but damage to the users or the protocol)

Severity
Low
Title

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

Severity
Low
Title

Theft of gas

Severity
Low
Title

Unbounded gas consumption, that does not cause a more severe bug

Out of scope

Program's Out of Scope information
  • Broken link hijacking is out of scope
  • Best practice critiques
CategoryAdditional specific vulnerabilities and/or attacks to exclude
Smart ContractRToken minting can be DoS’d by a grief-attack where the attacker redeems an amount equal to the available mint throttle, then mints that amount in the same transaction.
Smart ContractRToken redeeming can be DoS’d by a grief-attack where the attacker mints an amount equal to the available redeem throttle, then redeems that amount in the same transaction.
Smart ContractMalicious governance. We assume governance is trusted and competent for all protocol configurations over which it has control
Smart ContractMalicious guardians. We assume guardians are trusted and competent for their given duties.
Smart ContractMalicious long-freezers. We assume long-freezers are trusted and competent for their given duties.
Default Out of Scope and rules

Smart Contract specific

  • Incorrect data supplied by third party oracles
    • Not to exclude oracle manipulation/flash loan attacks
  • Impacts requiring basic economic and governance attacks (e.g. 51% attack)
  • Lack of liquidity impacts
  • Impacts from Sybil attacks
  • Impacts involving centralization risks

All categories

  • Impacts requiring attacks that the reporter has already exploited themselves, leading to damage
  • Impacts caused by attacks requiring access to leaked keys/credentials
  • Impacts caused by attacks requiring access to privileged addresses (including, but not limited to: governance and strategist contracts) without additional modifications to the privileges attributed
  • Impacts relying on attacks involving the depegging of an external stablecoin where the attacker does not directly cause the depegging due to a bug in code
  • Mentions of secrets, access tokens, API keys, private keys, etc. in Github will be considered out of scope without proof that they are in-use in production
  • Best practice recommendations
  • Feature requests
  • Impacts on test files and configuration files unless stated otherwise in the bug bounty program
  • Impacts requiring phishing or other social engineering attacks against project's employees and/or customers
Severity
Min. - Max.
Critical
$100k -$5M
High
$10k -$100k
Medium
$5k
Low
$1k
Total Assets in Scope
47
Total Impacts in Scope
12
Total paid

5.5k