Lido Audit Competition Reward Terms

Whitehat Reward Pool

Rewards are denominated in USD and distributed in a stablecoin.

Rewards are distributed all at once after the contest has ended. No rewards are distributed during the contest.

The reward pool size is determined by the greatest condition met. If multiple conditions are met only the largest reward pool applies.

• If one or more Critical severity bugs are found the reward pool will be - $100,000 USD
• If one or more High severity bugs are found the reward pool will be - $75,000 USD
• If one or more Medium severity bugs is found the reward pool will be - $20,000 USD

More information about severities and Insight reports can be found in Immunefi's Severity Classification System.

Private known issues will unlock higher reward pools as though they were one severity level lower. For example, a Critical severity bug which was a private known issue would unlock the reward pool conditional on a High severity bug being found.

The severity level of private known issues remains unchanged and whitehats earn their portion of the reward pool and position on the leaderboard according to this unchanged severity level.

Public known issues are invalid as normal.

• If a bug found during the event requires an immediate fix then that bug will be considered a publicly known issue as soon as the fix is deployed. Future submissions of the same bug will be considered invalid. 

Reward Pool Distribution Formula

Whitehat rewards are earned based on the severity of each bug found, in a Sybil-resistant manner.

The chief finder of each bug earns bonus points (worth 10% of that bug’s rewards). The chief finder is the first person to prove the greatest severity level of the bug.

LowBugPoints = 0.9 * (0.9 ^ (NumberOfFinders - 1)) / NumberOfFinders

ChiefFinder_LowBugBonus = 0.1 * (0.9 ^ (NumberOfFinders - 1))

MediumBugPoints = 2.7 * (0.9 ^ (NumberOfFinders - 1)) / NumberOfFinders

ChiefFinder_MediumBugBonus = 0.3 * (0.9 ^ (NumberOfFinders - 1))

HighBugPoints = 8.1 * (0.9 ^ (NumberOfFinders - 1)) / NumberOfFinders

ChiefFinder_HighBugBonus = 0.9 * (0.9 ^ (NumberOfFinders - 1))

CriticalBugPoints = 32.4 * (0.9 ^ (NumberOfFinders - 1)) / NumberOfFinders

ChiefFinder_CriticalBugBonus = 3.6 * (0.9 ^ (NumberOfFinders - 1))

A whitehat’s portion of the reward pool is equivalent to their percentage of all whitehat points earned.

Whitehat_A_RewardPoolPortion = (Whitehat_A_Points / AllWhitehatsPoints) * (RewardPool)

More information about severities and Insight reports can be found in Immunefi's Severity Classification System.

Rewards for Insight Reports

If a Critical, High, or Medium severity bug is found then 10% of the reward pool is distributed to Insights. The remaining 90% is distributed according to the reward pool distribution formula.

If only Low severity bugs and/or Insights are found then the reward pool is distributed at Immunefi’s discretion.