Bend DAO Bug Bounty goes live on Immunefi. In addition to audit reports, Bug Bounty might be the best way to incentivize white hats to regularly search for bugs and potential vulnerabilities. The bug bounty can provide users with an additional level of security and show our long-term commitment.
The Funding of Bug Bounty has passed quorum with 94.29% approval. Voting Details
$1,500,000 worth of BEND tokens based on the IFO price will be transferred from the Treasury Reserve to Bug Bounty Reserve. If Bug Bounty ends, all remaining funds will be transferred back to the Treasury Reserve.
BEND IFO price: 0.009 USDT
Bug Bounty Allocation: 166,666,666 BEND
Bug Bounty Reserve: 0x055c51478B232246eC8D06062Fa36bA89b6e038A
Payouts are denominated in USD, but done in BEND.
The BEND price in USD is calculated by averaging prices over a specified period of time. This period is from the bug submission to the bounty distribution.
Calculation formula:
Day Average Price = (Day High Price + Day Low Price) / 2;
Time Weight Average Price = Sum(Day Average Price) / Period;
The breakdown of the rewards is in accordance with ImmuneFi’s distribution criteria for the impact of the vulnerability, see here for more details.
| Threat Level | Smart Contract | Websites and Applications |
|---|---|---|
| Critical | Up to USD 1,000,000 | USD 20,000 |
| High | USD 10,000 | USD 4,000 |
| Medium | USD 2,000 | USD 2,000 |
| Low | USD 1,000 | USD 1,000 |
| Bug Submission Date | Threat Level | Rewards (USD) | BEND TWAP Price | Rewards (BEND) | Status |
|---|---|---|---|---|---|
| April 4th, 2022 | Website High |
10,000 | 0.01846752 | 541,491 | Distributed |
| April 7th, 2022 | Smart contract Medium |
2,000 | 0.01846752 | 108,298 | Distributed |
| April 23rd, 2022 | Website Medium |
2,000 | 0.0458915 | 43,581 | Distributed |
| April 23rd, 2022 | Website Low |
1,000 | 0.0458915 | 21,791 | Distributed |
| April 23rd, 2022 | Website Medium |
20,000 | 0.03721 | 53,7490 | Distributed |
| May 8ht, 2022 | Website Low |
1,000 | 0.04071 | 24564 | Distributed |
| May 12nd, 2022 | Smart contract High | 10,000 | 0.02538 | 394011 | Distributed |