Veda

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 1 000 000. 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 100 000 is to be rewarded in order to incentivize security researchers against withholding a critical bug report.

"Funds directly affected” is narrowly defined as:

(1) the funds held only in the specific smart-contract instance where the vulnerability exists;

(2) Funds at risk of irreversible loss through exploitation, where the exploit is executable against the in-scope contracts as deployed on mainnet, using publicly available infrastructure and without requiring privileged access, protocol misconfiguration, or conditions not present at the time of submission.

And expressly excludes:

• funds in other contracts, vaults, strategies, or positions;
• theoretical or maximum mathematical drainability;
• impacts resulting from exploitation of external protocols or integrations outside of the defined scope
• funds accessible only via MEV, timing manipulation, or reordering assumptions;
• impacts dependent on liquidity movement or oracle price conditions.

If a vulnerability affects accounting, pricing, or internal state without placing funds at imminent risk of loss in a single transaction, the bug may be reclassified to High or Medium or Low severity based on Immunefi Feasibility Limitation standards, as defined in section below.

The minimum critical reward applies only where:

(a) The vulnerability is exploitable against the in-scope contracts as deployed on mainnet. Multi-transaction or multi-block execution shall not diminish severity classification where the researcher demonstrates that the full attack path is executable without requiring external dependencies, privileged access, or conditions not present at time of submission.; (b) The researcher demonstrates exploitability against the in-scope contracts as deployed on mainnet. Assessment of feasibility and severity shall follow Immunefi's standard rules, including Feasibility Limitations.. If these criteria are not met, the minimum reward does not apply.

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.. For avoidance of doubt, if mitigation is reasonably possible through pause, upgrade, parameter adjustment, or operational intervention, only the initial exploitable instance counts toward funds-at-risk.

The amount of funds at risk will be calculated with the impact of the first attack being at 100% and then a reduction of 25% from the amount of the first attack for every [3600 blocks] the attack needs for subsequent attacks from the first attack, rounded down Cumulative reward calculations apply only where repeated exploitation is realistically feasible under normal adversarial conditions and does not require MEV, builder manipulation, extreme gas tactics, or non-standard environmental assumptions.

Reward Calculation for High Level Reports

High vulnerabilities concerning theft/permanent freezing of unclaimed yield/royalties are rewarded within a range of USD 10 000 to USD 25 000 with the reward calculated based on 100% of the funds at risk, though 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.

Reward Payment Terms

Payouts are handled by the Veda 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.