Immunefi is the leading bug bounty platform for blockchain projects, which is why we chose to partner with them for our ongoing bug bounty. We take security seriously - our top bounty for critical issues is set at $1,000,000.
Immunefi will complement Notional's multi-pronged strategy of audits and security checks, building on the four audit processes completed in the run up to V2 launch. These independent audits from ABDK Consulting, Certora, and Code Arena & Open Zeppelin (governance contracts) laid the foundation for our belief that V2 is safe and secure for our users - this ongoing Notional Immunefi bounty program is just one way we can be as certain as possible that the protocol remains so.
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.
Smart Contracts and Blockchain
Critical Up to USD 1 000 000
High USD 50 000
Medium USD 5 000
Low USD 1 000
Websites and Applications
Critical USD 50 000
Immunefi is the premier bug bounty platform for smart contracts and DeFi projects, where security researchers review code, disclose vulnerabilities, get paid, and make crypto safer. Immunefi removes security risk through bug bounties and comprehensive security services.
Launched on December 9, 2020, Immunefi focused on blockchain and smart contract security. We provide bug bounty hosting, consultation, bug triaging, and program management services to blockchain and smart contract projects.
Bug bounty programs are open invitations to security researchers to discover and disclose potentially vulnerabilities in projects’ smart contracts and applications, thereby protecting projects and their users. For their good work, security researchers receive a reward based on the severity of the vulnerability, as determined by the project affected.
Why have a bug bounty program at all? In 2020 alone, hacks and scams cost the DeFi community over $238m, and bug bounties can prevent those hacks from happening. Bug bounty programs surface vulnerabilities so they can be fixed before they get exploited in malicious hacks that destroy projects and ruin reputations.
About Notional Finance📈
Notional is the first decentralized, Ethereum-based protocol for borrowing and lending at fixed rates and fixed terms. With variable rate lending, DeFi can only serve a small segment of the crypto lending market because variable interest rates don’t provide the certainty that lenders and borrowers require. Notional fixes this by creating a true market for lenders and borrowers that democratizes and empowers individual investors, business owners and institutional investors.
After raising a $10 million Series A in May 2021 from some of the top VC firms, including Coinbase Ventures, Notional’s protocol has been relaunched on 11/1 with a host of new features as well as the NOTE governance token.
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