SmarDex Smart Contracts: Program info

Rewards are distributed according to the impact the vulnerability could otherwise cause based on the Impacts in Scope table further below.

Reward Calculation for Critical Level Reports

This bug bounty program is divided into Group 1 and Group 2:

• Group 1: consists of Ethereum assets
• Group 2: consists of all other chains

Critical smart contract vulnerability payouts for Group 1 are a minimum of USD 20 000 or 5% of the value at risk at the time of report submission, with a hard cap of USD 500 000, whichever is larger. Value at risk should be calculated primarily (though not exclusively) based on concrete and demonstrable funds at risk.

Critical smart contract vulnerability payouts for Group 2 are a minimum of USD 20 000, or 5% of the value at risk at the time of report submission, with a hard cap of USD 300 000, whichever is larger. Value at risk should be calculated primarily (though not exclusively) based on concrete and demonstrable funds at risk.

Repeatable Attack Limitations

In cases of repeatable attacks for smart contract bugs, only the first attack will be counted, regardless of whether the smart contract is upgradable, pausable, or killable.

Reward Calculation for High Level Reports

The payout is determined to be 10% of the value at risk. The minimum reward is set at $15,000. The maximum rewards (hard cap) are as follows:

• USD 50 000 for Theft of unclaimed yield (for value of USD 500 000 at risk or greater)
• USD 50 000 for Theft of unclaimed royalties (for value of USD 500 000 at risk)
• USD 20 000 for Permanent freezing of unclaimed yield (for value of USD 200 000 at risk)
• USD 20 000 for Permanent freezing of unclaimed royalties (for value of USD 200 000 at risk)
• USD 15 000 for Temporary freezing of funds (for value of USD 150 000 at risk)

Value at risk should be calculated primarily (though not exclusively) based on concrete and demonstrable funds at risk

Reward Calculation for Medium Level Reports

Medium smart contract vulnerabilities will be paid out by the following:

• USD 10 000 for Smart contract unable to operate due to lack of token funds
• USD 5 000 for Griefing (e.g. no profit motive for an attacker, but damage to the users or the protocol)
• USD 5 000 for Block stuffing
• USD 1 000 for Theft of gas
• USD 1 000 for Unbounded gas consumption

Bug reports covering previously-discovered bugs acknowledged below are not eligible for any reward through the bug bounty program.

• Data manipulation with very high and/or very small numbers that would be theoretically possible but not applicable in real conditions.
• Swap with bigger amount than fictive reserves are impossible even if the contracts theoretically hold enough tokens to execute the trade.
• Farming DOS
• Block stuffing to avoid the 300s protection and to exploit the vulnerability described in the white paper, section III. A.
• Any way of exploit the vulnerability described in the white paper, section III. A
• Sandwich/frontrun attack on pair creation doing a large fictive reserve unbalance.
• Sending token on pair that no liquidity were added on yet.
• Farming campaign rewardInfo add & remove when still active.
• Frontrunning permit transaction of the router, to disable permit signature (griefing)

SmarDex has provided these completed audit review reports for reference. Any fixed, unfixed or acknowledged vulnerability mentioned in these reports are not eligible for a reward. - https://smardex.io/audit-reports

A PoC is required for the following severity levels:

• Smart Contract - Critical
• Smart Contract - High
• Smart Contract - Medium
• Smart Contract - Low

Bug report submissions without a PoC when a PoC is required will not be provided with a reward. The PoC must consists in a fork of the mainnet, using hardhat or foundry, and the potential hack must be proven to work on the mainnet contract of the fork. You may use impersonnate method. Do not impersonnate the contracts owner, unless the vulnerability involve an owner. You may choose a fix block number to start the fork with, this fix block number mustn't be older than a few days before the bug submission.

This bug bounty program is divided into Group 1 and Group 2 for the Critical Smart Contract reward

Group 1: consists of Ethereum assets Group 2: consists of all other chains

Payouts are handled by the SmarDex team directly and are denominated in USD. However, payments are done in SDEX.

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.

For avoidance of doubt, if the reward amount is USD 5 000 and the average price is USD 1.75 per token, then the reward will be 2857.142857 units of that token.