Circuit

We are providing an initial Statutes configuration (ISC), which defines the Statute values and constraints that the protocol will be launched with. The ISC is to be considered integral part of the protocol, and any vulnerability that results from the ISC is in-scope.

Initial Statutes Configuration (ISC):

• Statutes no. 0, 1, 2, 4 and 33 should be considered out-of-scope as those values can only be set at the time of protocol launch.
• Statutes no. 1 and 2 are discount factors given with PRECISION = 10,000,000,000. For example, if a Stability Fee of 5% per annum is desired at protocol launch, STATUTE_STABILITY_FEE_DF would be set to 10,000,000,928.
• Statute value no. 3 should always be nil as it is not used for anything.
• Statute no. 26 will in practice depend on the CRT market price, which is not known at the time of protocol deployment.
• Statute no. 34 is deliberately being set to 0 at launch. Although it lowers the incentive for Announcers to behave well, it’s important to sign up a sufficient number of Announcers first.

Initial Statutes Configuration (ISC)

Index	Statute	Amount / Value	Unit
0	STATUTE_ORACLE_LAUNCHER_ID	set during protocol deployment
1	STATUTE_STABILITY_FEE_DF	depends on market at time of launch
2	STATUTE_INTEREST_DF	depends on market at time of launch
3	STATUTE_CUSTOM_CONDITIONS	n/a
4	STATUTE_ORACLE_M_OF_N	depends on number of governance-approved announcers at time of launch
5	STATUTE_ORACLE_PRICE_UPDATE_DELAY	21,600	seconds
6	STATUTE_ORACLE_PRICE_UPDATE_RATIO_BPS	200	bps
7	STATUTE_PRICE_DELAY	3,600	seconds
8	STATUTE_VAULT_MINIMUM_DEBT	250,000	mBYC
9	STATUTE_VAULT_LIQUIDATION_RATIO_PCT	166	pct
10	STATUTE_VAULT_LIQUIDATION_PENALTY_BPS	1,300	bps
11	STATUTE_VAULT_INITIATOR_INCENTIVE_FLAT	12,000	mBYC
12	STATUTE_VAULT_INITIATOR_INCENTIVE_BPS	800	bps
13	STATUTE_VAULT_AUCTION_TTL	2,400	seconds
14	STATUTE_VAULT_AUCTION_STARTING_PRICE_FACTOR_BPS	12,000	bps
15	STATUTE_VAULT_AUCTION_PRICE_TTL	150	seconds
16	STATUTE_VAULT_AUCTION_PRICE_DECREASE_BPS	500	bps
17	STATUTE_VAULT_AUCTION_MINIMUM_PRICE_FACTOR_BPS	2,500	bps
18	STATUTE_VAULT_AUCTION_MINIMUM_BID_FLAT	1,000,000	mBYC
19	STATUTE_VAULT_AUCTION_MINIMUM_BID_BPS	1,000	bps
20	STATUTE_TREASURY_MINIMUM	0	mBYC
21	STATUTE_TREASURY_MAXIMUM	10,000,000	mBYC
22	STATUTE_TREASURY_MINIMUM_DELTA	20,000	mBYC
23	STATUTE_TREASURY_REBALANCE_RATIO_PCT	400	pct
24	STATUTE_AUCTIONS_MINIMUM_PRICE_INCREASE_BPS	500	bps
25	STATUTE_RECHARGE_AUCTION_TTL	86,400	seconds
26	STATUTE_RECHARGE_AUCTION_MINIMUM_CRT_PRICE	10,000,000	dekaCRT/nanoBYC
27	STATUTE_RECHARGE_AUCTION_BID_TTL	1,200	seconds
28	STATUTE_RECHARGE_AUCTION_MINIMUM_BID	1,000,000	mBYC
29	STATUTE_RECHARGE_AUCTION_MAXIMUM_BID	10,000,000	mBYC
30	STATUTE_SURPLUS_AUCTION_LOT	1,000,000	mBYC
31	STATUTE_SURPLUS_AUCTION_BID_TTL	1,200	seconds
32	STATUTE_ANNOUNCER_REWARDS_INTERVAL_PRICE_UPDATES	100	updates
33	STATUTE_ANNOUNCER_REWARDS_PER_INTERVAL	depends on number of governance-approved announcers at time of launch	mCRT
34	STATUTE_ANNOUNCER_MINIMUM_DEPOSIT_MOJOS	0	mojos
35	STATUTE_ANNOUNCER_MAXIMUM_VALUE_TTL	900	seconds
36	STATUTE_ANNOUNCER_PENALTY_INTERVAL_MINUTES	15	minutes
37	STATUTE_ANNOUNCER_PENALTY_PER_INTERVAL_BPS	500	bps
38	STATUTE_ANNOUNCER_DISAPPROVAL_MAXIMUM_PENALTY_BPS	2,500	bps
39	STATUTE_ANNOUNCER_DISAPPROVAL_COOLDOWN_INTERVAL	7,776,000	seconds
40	STATUTE_GOVERNANCE_BILL_PROPOSAL_FEE_MOJOS	1,000,000,000,000	mojos
41	STATUTE_GOVERNANCE_IMPLEMENTATION_INTERVAL	21,600	seconds
42	STATUTE_GOVERNANCE_COOLDOWN_INTERVAL	86,400	seconds
43	STATUTE_BLOCK_ISSUANCE	0	bool

If you discover a vulnerability in any component that is not explicitly listed but poses a risk to user funds, user data, or the integrity of the system, you may submit it for consideration. The team will review such submissions on a case-by-case basis.

Note: Actual reward amounts are determined at Voltage Technologies’s sole discretion. Factors influencing payout include quality of report, completeness, and the severity and exploitability of the vulnerability.