Proposal 11 - Polygon/BSC Bug Bounty

Late last week, a FODL user discovered a bug in the Polygon & BSC L2 platform that has since been fixed. The bug occured in the opening and closing of positions, where the slippage setting input by the user did not save into parameter settings. ALL FUNDS ARE SAFU.

The bug resulted in the ability for MEV arbitrages in the looping transactions when opening and closing positions. As stated, this bug has been fixed as of late UTC April 1, 2022, and position openings on Polygon & BSC are no longer affected.

The FODL user and community member who brought discovered this bug was arbitraged for approximately 13 ETH (9 ETH on the entry transaction and 4 ETH on the exit transaction).

See the transactions here:

Entry: https://polygonscan.com/tx/0xd37feec6ae2c58e38d17425c52a3c9b88525f9fc53ebff57f95a3058b458f2b4

Exit: https://polygonscan.com/tx/0xbf41a474f3cebd9ef0a5a8717d3a2d4247abb5dd69b0dbded7e608f3e7290cdc

The FODL Team would like to propose a bug bounty for FODL user 0xa99d28ac6249128e769ccfd1d8e93393e5bf4840.

1. FODL DAO treasury delivers one of the unclaimed BAKCs from trading competition to 0xa99d28ac6249128e769ccfd1d8e93393e5bf4840.
2. FODL DAO issues an 80,000 $FODL bug bounty from the Ecosystem Grants Address to 0xa99d28ac6249128e769ccfd1d8e93393e5bf4840.