The Bug Bounty program focusses on Flamingo’s smart contracts, website, and app.
A bug bounty program is a deal offered by many websites, organizations and software developers by which individuals can receive recognition and compensation for reporting bugs and vulnerabilities, especially those pertaining to security.
The Flamingo Bug Bounty Program focusses on Flamingo’s smart contracts, website, and app, and aims to prevent:
Thefts and freezing of unclaimed yield of any amount (including frontend code injection attacks)
Thefts and freezing of principal of any amount (including frontend code injection attacks)
Access to admin accounts without authorization (Cloudflare accounts, service management cloud software, e-mails, etc.)
Smart contract hacks that lead to users losing funds
Smart contract hacks that lead to smart contracts malfunctioning
Smart contract exploits in general
Rewards by threat level
Rewards are distributed according to the impact of the vulnerability based on the Immunefi Vulnerability Severity Classification System. This is a simplified 5-level scale, with separate scales for websites/apps and smart contracts/blockchains, encompassing everything from consequence of exploitation to privilege required to likelihood of a successful exploit.
Bug bounty rewards are as follows:
Smart Contracts and Blockchain Rewards
Critical: Up to $1,000,000 USD
High: $40,000 USD
Medium: $4,000 USD
Low: $1,000 USD
Websites and Applications Rewards
Critical: $25,000 USD
High: $10,000 USD
Medium: $1,000 USD
All web and/or app bug reports must come with a Proof of Concept (PoC) with an end-effect impacting an asset-in-scope in order to be considered for a reward. All High and Critical Smart Contract bug reports require a PoC to be eligible for a reward. Explanations and statements are not accepted as PoC and code is required.
Critical smart contract vulnerabilities are capped at 10% of economic damage, primarily taking into consideration funds at risk, but also PR and branding aspects, at the discretion of the team. However, there is a minimum reward of $50,000 USD.
All payouts are handled by the Flamingo Finance teamdirectly and are denominated in USD. However, payouts are paid in GAS tokens.