TermMax V2 smart contract. This is the most up-to-date contract and the primary contract to review.

TermMax contracts V1. This is the old codebase.

TermMax is a DeFi protocol that reinvents borrowing, lending, and leveraging by combining fixed-rate mechanisms with customizable Automated Market Maker (AMM) pricing curves.

Taking down the application/website

Subdomain takeover with already-connected wallet interaction (https://app.termmax.ts.finance, https://curator.termmax.ts.finance)

Subdomain takeover without already-connected wallet interaction (https://app.termmax.ts.finance, https://curator.termmax.ts.finance)

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

Permanent freezing of funds

Protocol insolvency

Theft of unclaimed yield

Permanent freezing of unclaimed yield

Temporary freezing of funds

Execute arbitrary system commands

Retrieve sensitive data/files from a running server, such as:
- /etc/shadow
- database passwords
- blockchain keys (this does not include non-sensitive environment variables, open source code, or usernames)

Taking and/modifying authenticated actions (with or without blockchain state interaction) on behalf of other users without any interaction by that user, such as:
- Changing registration information
- Commenting
- Voting
- Making trades
- Withdrawals, etc.

Direct theft of user funds

Malicious interactions with an already-connected wallet, such as:
- Modifying transaction arguments or parameters
- Substituting contract addresses
- Submitting malicious transactions

Injection of malicious HTML or XSS through metadata

Injecting/modifying the static content on the target application without JavaScript (persistent), such as:
- HTML injection without JavaScript
- Replacing existing text with arbitrary text
- Arbitrary file uploads, etc.

Term Structure Labs Codebase

TermMax Documentation

Rewards are distributed according to the impact of the vulnerability based on the [Immunefi Vulnerability Severity Classification System V2.3. ](https://immunefi.com/immunefi-vulnerability-severity-classification-system-v2-3/)

__Reward Calculation for Critical Level Reports__

For critical smart contract bugs, the reward amount is 10% of the funds directly affected up to a maximum of USD $100,000. The calculation of the amount of funds at risk is based on the time and date the bug report is submitted. However, a minimum reward of USD 50,000 is to be rewarded in order to incentivize security researchers against withholding a critical bug report.

__Repeatable Attack Limitations__

If the smart contract where the vulnerability exists can be upgraded or paused, only the initial attack will be considered for a reward. This is because the project can mitigate the risk of further exploitation by upgrading or pausing the component where the vulnerability exists. The reward amount will depend on the severity of the impact and the funds at risk. 

For critical repeatable attacks on smart contracts that cannot be upgraded or paused, the project will consider the cumulative impact of the repeatable attacks for a reward. This is because the project cannot prevent the attacker from repeatedly exploiting the vulnerability until all funds are drained and/or other irreversible damage is done. Therefore, this warrants a reward equivalent to 10% of funds at risk, capped at the maximum critical reward. 

__Reward Calculation for High Level Reports__

High vulnerabilities concerning theft/permanent freezing of unclaimed yield/royalties are rewarded within a range of USD 5,000 to USD 10,000 depending on the funds at risk, capped at the maximum high reward.  

In the event of temporary freezing, the reward doubles from the full frozen value for every additional 24h that the funds are temporarily frozen, up until a max cap of the high reward. This is because as the duration of the freezing lengthens, the potential for greater damage and subsequent reputational harm intensifies. Thus, by increasing the reward proportionally with the frozen duration, the project ensures stronger incentives for bug disclosure of this nature.

__Reward Payment Terms__

Payouts are handled by the Term Structure Labs team directly and are denominated in USD. However, payments are done in USDC on Ethereum

The calculation of the net amount rewarded is based on the average price between CoinMarketCap.com and CoinGecko.com at the time the bug report was submitted. No adjustments are made based on liquidity availability.