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Alchemix

Alchemix Finance is a future-yield-backed synthetic asset platform and community DAO. The platform gives you advances on your yield farming via a synthetic token that represents a fungible claim on underlying collateral in the Alchemix protocol.

Arbitrum
ETH
Optimism
Defi
DAO
Synthetic Assets
Token
Solidity
Maximum Bounty
$300,000
Live Since
25 August 2022
Last Updated
24 April 2024
  • Triaged by Immunefi

  • PoC required

  • Vault program

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Assets in Scope

Target
Type
Added on
Smart Contract - EXCEPT the folders “external/aave”, “mocks”, and “test”.
9 September 2022

Impacts in Scope

Critical
Direct theft of any user funds, whether at-rest or in-motion, other than unclaimed yield
Critical
Permanent freezing of funds
Critical
Protocol insolvency
High
Theft of unclaimed yield
High
Permanent freezing of unclaimed yield
High
Temporary freezing of funds for at least 1 day
High
Improperly disclosing confidential user information such as email address, phone number, physical address, etc.
Medium
Smart contract unable to operate due to lack of token funds
Medium
Griefing (e.g. no profit motive for an attacker, but damage to the users or the protocol)
Medium
Unbounded gas consumption
Medium
Miner-extractable value (MEV)
Low
Smart contract fails to deliver promised returns, but doesn’t lose value

Out of scope

Program's Out of Scope information

The following vulnerabilities are excluded from the rewards for this bug bounty program:

  • Attacks that the reporter has already exploited themselves, leading to damage
  • Attacks requiring access to leaked keys/credentials
  • Attacks requiring access to privileged addresses (governance, strategist)

Smart Contracts and Blockchain

  • Incorrect data supplied by third party oracles
    • Not to exclude oracle manipulation/flash loan attacks
  • Basic economic governance attacks (e.g. 51% attack)
  • Lack of liquidity
  • Best practice critiques
  • Sybil attacks
  • Centralization risks
  • Specifically for the crosschaincanonicalbase.sol contract: This contract is outdated bridging code for Layer 2 alAssets, however, the layer 2 alAssets were upgraded and still contain state variables related to this code, therefore the code has not been stripped from the Layer 2 alAssets. The crosschaincanonicalbase.sol contract is out of scope, EXCEPT for any bugs that would allow anyone besides a trusted admin/multisig to access the functions, or any issues with the current implementation of the bridge/L2 token (alchemicalTokenBase) created by this contract.

The following activities are prohibited by this bug bounty program:

  • Any testing with mainnet or public testnet contracts; all testing should be done on private testnets
  • Any testing with pricing oracles or third party smart contracts
  • Attempting phishing or other social engineering attacks against our employees and/or customers
  • Any testing with third party systems and applications (e.g. browser extensions) as well as websites (e.g. SSO providers, advertising networks)
  • Any denial of service attacks
  • Automated testing of services that generates significant amounts of traffic
  • Public disclosure of an unpatched vulnerability in an embargoed bounty