BENQI Liquidity Market is a decentralized non-custodial liquidity market protocol, built on Avalanche. The protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol may earn passive income, while borrowers are able to borrow in an over-collateralized manner.

Any governance voting result manipulation

Direct theft of any user funds, whether at-rest or in-motion, other than unclaimed yield

Permanent freezing of funds

Significant Protocol Insolvency

Execute arbitrary system commands

Retrieve sensitive data/files from a running server such as /etc/shadow, database passwords, and blockchain keys(this does not include non-sensitive environment variables, open source code, or usernames)

Taking state-modifying authenticated actions (with or without blockchain state interaction) on behalf of other users without any interaction by that user, such as, changing registration information, commenting, voting, making trades, withdrawals, etc.

Subdomain takeover with already-connected wallet interaction

Direct theft of user funds

Malicious interactions with an already-connected wallet such as modifying transaction arguments or parameters, substituting contract addresses, submitting malicious transactions

Complete theft of unclaimed yield

Permanent freezing of unclaimed yield

Temporary freezing of funds

Injecting/modifying the static content on the target application without Javascript (Persistent) such as HTML injection without Javascript, replacing existing text with arbitrary text, arbitrary file uploads, etc.

Changing sensitive details of other users (including modifying browser local storage) without already-connected wallet interaction and with up to one click of user interaction, such as email or password of the victim, etc.

Improperly disclosing confidential user information such as email address, phone number, physical address, etc.

Subdomain takeover without already-connected wallet interaction

Smart contract unable to operate due to lack of token funds

Block stuffing for profit

Griefing (e.g. no profit motive for an attacker, but damage to the users or the protocol)

Theft of gas

Unbounded gas consumption

Changing non-sensitive details of other users (including modifying browser local storage) without already-connected wallet interaction and with up to one click of user interaction, such as changing the first/last name of user, or en/disabling notification

Injecting/modifying the static content on the target application without Javascript (Reflected) such as reflected HTML injection or loading external site data

Redirecting users to malicious websites (Open Redirect)

Contract fails to deliver promised returns, but doesn't lose value

Changing details of other users (including modifying browser local storage) without already-connected wallet interaction and with significant user interaction such as iframing leading to modifying the backend/browser state (

Taking over broken or expired outgoing links such as social media handles, etc.

Taking down the application/website

Only the following impacts are accepted within this bug bounty program. All other impacts are not considered as in-scope, even if they affect something in the assets in scope table. All reports must come with a Proof of Concept (PoC) showing impact. Reports without a PoC will be automatically rejected.


Rewards are distributed according to the impact of the vulnerability based on the [Immunefi Vulnerability Severity Classification System V2.2](https://immunefi.com/immunefi-vulnerability-severity-classification-system-v2-2). 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.

The final reward amount for critical smart contract and blockchain vulnerabilities is capped at 10% of the economic damage funds at risk based on the vulnerability reported with a payout floor of __USD 50 000__.  All smart contract reports must come with a Proof of Concept (PoC) showing impact. Reports without a PoC will be automatically rejected.

All web and app bug reports must come with a Proof of Concept (PoC) showing impact. Reports without a PoC will be automatically rejected.

Payouts are handled by the __BENQI__ team directly and are denominated in USD. Payouts are done in __USDC__ or __USDT__ for Low, Medium, and High level bug reports. For payouts __USD 50 000__ and above, up to 80% of the payout may be done in __$Qi__.