Tinyman is a decentralized trading protocol which utilizes the fast and secure framework of the Algorand blockchain, creating an open and safe marketplace for traders, liquidity providers, and developers.

Direct theft of any user funds

Permanent freezing of user funds

Protocol insolvency

Modification/deletion of application

Taking signer authority of pool accounts

Theft of protocol fees

Permanent freezing of unclaimed protocol fees

Temporary freezing of user funds for at least 24 hours

Unauthorized updates to protocol parameters

Smart contract unable to operate due to lack of token funds

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

Making pool accounts pay unnecessary transaction fees

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

Bootstrapping a pool with incorrect Pool Token properties

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 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.

Tinyman requires KYC to be done for all bug bounty hunters submitting a report and wanting a reward. The basic information needed is full name, residential details, and passport details (DOB, issuing country and passport number). Based on the basic information submitted, Tinyman team may request further information at its sole discretion for compliance with applicable Laws.

Additionally, all bug bounty hunters seeking a reward need to submit certification that (i) they are not acting, directly or indirectly, for or on behalf of any person, group entity, or nation named by any Executive Order or the United States Treasury Department as a terrorist, “Specially Designated National and Blocked Person,” or other banned or blocked person, entity, nation, or transaction pursuant to any law, order, rule or regulation that is enforced or administered by the Office of Foreign Assets Control; and (ii) they are not engaging in, instigating or facilitating this transaction, directly or indirectly, on behalf of any such person, group, entity, or nation. They also need to submit an attestation that all information provided is true, correct, up-to-date and not misleading.

Known issues highlighted in the following audit reports are considered out of scope of the program: 
  - [https://github.com/runtimeverification/publications/blob/main/reports/smart-contracts/Tinyman-amm-v2-audit/tinyman-amm-v2-audit-report.pdf](https://github.com/runtimeverification/publications/blob/main/reports/smart-contracts/Tinyman-amm-v2-audit/tinyman-amm-v2-audit-report.pdf) 

The Algorand Foundation has agreed to match 100% of any financial reward offered by Tinyman for any validated Critical or High impact vulnerability payout. The matching payout is already included in the reward amounts displayed on the program. 

In effect, if a white hat finds a critical vulnerability and it is validated, they will be eligible to receive USD 100,000 from Tinyman as well as USD 100,000 from the Algorand Foundation for a total of __USD 200 000__. High severity vulnerabilities will be rewarded with USD 25,000 from Tinyman and USD 25,000 from the Algorand Foundation, for a total of __USD 50 000__.

On top of the matching, Algorand Foundation also pledged a bonus reward for the high and critical findings during the first 30 days. This would bring the total reward for a Critical vulnerability to __USD 250 000__ if it is found and reported within the first 30 days of this program launch. Due to the time-bound nature of this extra reward, it has been excluded from the reward numbers shown above. 

Critical and High severity payouts are handled by the both __Tinyman__ team and the __Algorand Foundation__. Medium and Low severity payouts are handled by the __Tinyman__ team directly. Payouts are denominated in USD, but are done in __USDCa__.

Tinyman AMM v2.0 Protocol