Arbitrum Farms

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Updated on 25 September 2022

Panther fork

  • ⚠️ As of time of review, Presale is still active. Liquidity is not yet supplied and will be added only after their presale ends. Presales are notoriously risky, kindly exercise caution when participating. Please clarify with the project on liquidity locking/burning once it is added.
  • ⚠️ Masterchef uses per-block emissions instead of per-time. This is an antipattern on networks that uses variable block timing.
  • ✅ Max 4% deposit fees.
  • ✅ Token owner is MasterChef.
  • ✅ Masterchef behind a 6 hr timelock.
  • ✅ Correctly accounts for transfer taxes on any token pool.
  • 2% referral (max 3%)
  • An extra 5% of emission rewards are minted to the dev address.
  • 0.5 transfer tax (max 1%)
  • 20% anti-whale (min 1%)

⚠️ TRIPLE CHECK the contract you interact with matches the one reviewed here (0xd619...73cc)

Posted on 21 September 2022 |

Rugged. Website down. Dev drained the Genesis contract throught a custom code

Rugger bridged the funds to Ethereum and finally withdrawn to Kucoin [tx1 | tx2 | tx3]

Posted on 16 September 2022 |

Minimax is a multi-chain yield aggregator protocol. The project's approach is determining the platform with the highest returns and claims that users can rebalance their portfolio so that their funds are in the best yielding option. It also allows for users to set a stop-loss and take-profit on on their farming positions. Take note as well that the protocol's contracts are under a transparent upgradeable proxy which could literally update the implementation into any contract.

We reserve the right to not review complex projects that would require a great deal of senior security analyst man hours. Typically these are projects which requires tons of peer reviews and audits from top audit companies. Since our resources are stretched thin and we don’t have the funding for these kind of massive endeavors, we may pass on projects that meet this level. DYOR.

Posted on 06 September 2022 |
  • ⚠️ Liquidity is unlocked and can be removed and dumped at any time [tx]. Please clarify with the project on liquidity locking or burning
  • ⚠️ Withdrawals and harvests will fail if escrow wallet (multisig) revokes approval to staking contract. Users will still be able to emergency withdraw though.
  • ⚠️ Does not support deflationary/transfer-tax token pools, just clarify with project that none will be added
  • ✅ No deposit fees
  • Escrow wallet can be set to the zero address, which would block regular withdrawals and harvests.
  • Token owner is a contract called Authority (0xcc65...2f80 - same as Masterchef owner) that is governed through a multisig wallet (0xa178...6cfe - the same one indicated as escrow wallet in Masterchef). ⚠️ Tokens corresponding to the distribution stage are minted directly to the multisig wallet. This wallet can indicate the end of the distribution stage, but it also has ways to bypass this limitation and continue minting at will.
  • 4 of the 5 Owners of the multisig wallet were funded from the same wallet on the Polygon network:

⚠️ TRIPLE CHECK the contract you interact with matches the one reviewed here (0x1288D0...23be).

Posted on 17 August 2022 |

Radiant Capital is a new, huge lending protocol on Arbitrum. They seem to be an official partner of Arbitrum.

As this protocol looks like a Geist fork, we refer to the following:

We reserve the right to not review exceedingly complex projects that would require tens of thousands of dollars of senior security analyst man hours.

Typically these are projects that deal with leverage, lending, options, derivatives, and anything that is overly complex and which requires tons of peer reviews and audits from top audit companies.

Since our resources are stretched thin and we don’t have the funding for these kind of massive endeavors, we may pass on projects that meet this level of complexity. DYOR.

Posted on 25 July 2022 |

Stargate Finance is, in his own words, a community-driven organization building the first fully composable native asset bridge, and the first dApp built on LayerZero. Stargate's vision is to make cross-chain liquidity transfer a seamless, single transaction process.

The underlying assets are first deposited in pools that are responsible for providing liquidity between bridge destinations. In addition to getting returns for the transfer fees, the user can deposit these receipts in the farms and earn additional rewards in $STG (governance token). This last mechanism is carried out using a masterchef for each network. Bellow we detail some points that we were able to observe to those that are implemented at the time of this review:

We reserve the right to not review exceedingly complex projects that would require tens of thousands of dollars of senior security analyst man hours.

Typically these are projects that deal with leverage, lending, options, derivatives, and anything that is overly complex and which requires tons of peer reviews and audits from top audit companies.

Since our resources are stretched thin and we don’t have the funding for these kind of massive endeavors, we may pass on projects that meet this level of complexity. DYOR.

Posted on 02 April 2022 |

Sperax USD appears to be a yield bearing crypto-collateralized algorithmic stablecoin on the Arbitrum network. USDs is a hybrid crypto-collateralized and algorithmic stablecoin.

Having said the above, we reserve the right to not review exceedingly complex projects that would require tens of thousands of dollars of senior security analyst man hours. Typically these are projects that deal with leverage, lending, options, derivatives, and anything that is overly complex and which requires tons of peer reviews and audits from top audit companies.

Since our resources are stretched thin and we don’t have the funding for these kind of massive endeavors, we may pass on projects that meet this level of complexity. DYOR.

Posted on 06 March 2022 |

SPONSORED AD

SmartCoin fork.

  • ⚠️ Unverified Masterchef. This review was done via bytecodes decompilation and Sourcify, as the team claims that they've got issues verifying the contract on Arbiscan.
  • ⚠️ Unable to verify if Masterchef is behind Timelock
  • ⚠️ Masterchef does not support deflationary/transfer-tax token pools, just clarify with project that none will be added
  • ⚠️ Masterchef can be prone to reentrancy on its emergencyWithdraw function
  • ⚠️ Token owner is EOA and can mint/dump tokens at any time.
  • ✅ Masterchef uses block timestamps for reward calculation.
  • Masterchef may use Rewarder contracts that can issue bonus rewards to users, though if they are malicious then deposits/withdrawals may potentially be blocked, or harvests stolen. Unable to verify if they are used since unverified contract.
  • Dev/Investor/Treasury address can be set to the zero address, which would block regular deposits, withdrawals, and harvests
  • Regular withdrawals will fail once max supply is reached unless emissions and/or multipliers are set to zero
  • 1/10 of emissions minted to dev/treasury/investor

⚠️ TRIPLE CHECK the contract you interact with matches the one reviewed here (Ends in AFeF)

Posted on 09 November 2021 |

Decentralized futures trading protocol similar to GMX. We reserve the right to not review exceedingly complex projects that would require tens of thousands of dollars of senior security analyst man hours.

Typically these are projects that deal with leverage, lending, options, derivatives, and anything that is overly complex and which requires tons of peer reviews and audits from top audit companies.

Since our resources are stretched thin and we don’t have the funding for these kind of massive endeavors, we may pass on projects that meet this level of complexity. DYOR.

Posted on 26 October 2021 |

We reserve the right to not review exceedingly complex projects that would require tens of thousands of dollars of senior security analyst man hours.

Typically these are projects that deal with leverage, lending, options, derivatives, and anything that is overly complex and which requires tons of peer reviews and audits from top audit companies.

Since our resources are stretched thin and we don’t have the funding for these kind of massive endeavors, we may pass on projects that meet this level of complexity. DYOR.

Posted on 24 October 2021 |

Goose fork

  • ✅ Max 3.5 % withdraw fees also on emergencyWithdraw (no deposit fees)
  • ✅ Masterchef behind a 6 hr timelock
  • ✅ Correctly accounts for transfer taxes on any token pool
  • 10% of emission rewards minted to dev address
  • 2% of emission rewards minted are burned automatically.

⚠️ TRIPLE CHECK the contract you interact with matches the one reviewed here (0x0460253F...895F)

Posted on 06 October 2021 |

🚨🚨🚨 Contains HARD RUG code that can steal staked tokens at any time 🚨🚨🚨

🚨 PancakeSwap fork with migrator code that grants infinite approval 🚨

  • 🚨 The migrator has already been called, so it doesn't matter if the contract is placed under timelock or a SafeOwner. Infinite approval to withdraw from all pools has already been granted
Posted on 29 September 2021 |

Fullsail fork

  • ⚠️ Masterchef currently not behind a timelock
  • ✅ Max 4% withdraw fees
  • ✅ All transfer-tax tokens are supported
  • 10% of emissions sent to dev address
  • 10% of emissions sent to burn address

⚠️ Triple check the contract you interact matches the one reviewed here (0xAd60...27d3)

Posted on 29 September 2021 |

Goose fork

⚠️ Triple check the contract you interact matches the one reviewed here (0x1a83...0b3c)

Posted on 24 September 2021 |

SushiSwap fork with migrator removed. Uses its own AMM.

⚠️ TRIPLE CHECK the contract you interact with matches the one reviewed here (0xa0e82975...8Dc5)

Posted on 23 September 2021 |

Goose fork

  • 🚨 Hard rug code not found, but the project is High Risk for advance claims that it has undergone RugDoc review and RugDoc KYC. Kindly note that this is the only time we had the chance to look into this project and we have no previous contact with them for any of our services.
  • ✅ Max 10% deposit fees
  • ✅ Masterchef behind a 3-hour timelock
  • ⚠️ Does not support deflationary/transfer-tax token pools, just clarify with project that none will be added
  • Dev address can be set to the zero address, which would block regular withdrawals and harvests
  • No referral
  • 1/10th of emission rewards minted to dev address

⚠️ TRIPLE CHECK the contract you interact with matches the one reviewed here (0xdf64...dedde)

Posted on 23 September 2021 |

🚨🚨🚨 Contains HARD RUG code that can steal staked tokens at any time 🚨🚨🚨

🚨 PancakeSwap fork with migrator code intact 🚨

  • 🚨 Migrator grants infinite approval to tokens, so can be called even before adding a timelock
Posted on 21 September 2021 |
Update

UPDATE: They've redeployed the masterchef (0xF4E66a35...0c70). Pools have been added and liquidity has been burned

Updated on 21 September 2021

ParrotDefi clone (including docs)

  • ⚠️ Masterchef currently not behind a timelock
  • ✅ Max 4% deposit fees
  • ✅ Correctly accounts for transfer taxes on any token pool
  • 1/10th of emission rewards minted to dev address

⚠️ TRIPLE CHECK the contract you interact with matches the one reviewed here (0xF4E66a35...0c70)

Posted on 21 September 2021 |
Update
  • UPDATE 2: Liquidity has been burned, antiwhale is disabled, and the masterchef is behind a 48hr timelock
  • UPDATE 1: Token owner is now the masterchef, but no liquidity has been added or burned/locked
Updated on 22 September 2021

PolyPup Collar clone with antiwhale

  • ✅ Masterchef under a 48hr timelock
  • ✅ Max 4% deposit fees
  • ✅ Correctly accounts for transfer taxes on any token pool
  • 1/10th of emission rewards minted to dev address

⚠️ TRIPLE CHECK the contract you interact with matches the one reviewed here (0x1cCf20F4...2311)

Posted on 20 September 2021 |

Goose fork

  • ✅ Masterchef behind a 10 hour timelock
  • ✅ Max 4% withdrawal fees, also applied to emergency withdrawal
  • ✅ All transfer-tax tokens are supported
  • 10% of emissions sent to dev address

⚠️ Triple check the contract you interact matches the one reviewed here (0xf433...6382)

Posted on 20 September 2021 |

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🟢 For owners who have made impactful changes and would like an update to their farm review:

1️⃣ Use #update at @RugDocChat with your description and proof of changes and it will be forwarded to our scanners.

2️⃣ This does not guarantee a change in your review.

3️⃣ Owners who have difficulty solving the issues can consider our Consultation Package – please contact @BaymaxCrypto on Telegram to discuss.

Our mission here at RugDoc is to screen for hard rug code that results in 100% theft of ALL underlying funds for ALL participants.

This is the ONE part of the due diligence process that most people cannot simply do on their own as it costs thousands of dollars to hire a senior solidity developer to look over a farm for safety.

A project coin with terrible code can go up in price, and a project with good code and a good team can also go down in price.

Do NOT use our ratings to refer to your likelihood in making money if you invest in the project. They are ONLY in reference to code safety.

Everything else beyond code safety is YOUR responsibility to go do research on. We just make sure the casino you’re betting in won’t rob you before you even get to place a bet.

Our reviews for projects are organized into a few colors.

🟢 Least Risk
These projects are the least likely to hard or soft rug. Usually reserved for cornerstone projects of an ecosystem where it makes no financial sense for them to rug in any manner as they make more money just being legit.

🔵 Low Risk
These projects are usually established projects in an ecosystem that have a track record of success or have KYC’d to us or other authoritative sources in the real world. As a result, it is extremely unlikely for them to soft rug or hard rug their projects. The projects can still fail and the token price can go down, but usually more as a result of natural market forces.

⚪️ Some Risk
This is the default rating for projects with unknown teams but have code that is unlikely to have hard rug risk. Since the team is unknown and doesn’t have a track record of success, it’s entirely possible that they may try to soft rug by dumping tokens, abandoning the project, etc. Even a last minute contract swap to a malicious contract is possible. The only thing that is unlikely is a complete hard rug as long as you are 100% sure you deposit into the contract we review.

🟠 Medium Risk
Similar to Some Risk, but the underlying code itself is custom enough or complex enough that it warrants an elevated risk rating that needs deeper research. Make sure you read every point presented to make sure you’re comfortable with that before entering. Still unlikely to hard rug, but more chances of custom code behaving incorrectly and causing other issues.

🔴 High Risk
Project contains code or practices that are HIGHLY LIKELY to lead to catastrophic losses as they are right now. Make sure you read the description carefully as we will always warn what these issues are. If you see the words Hard Rug anywhere in the review, STAY FAR AWAY!

⚫️ Not Eligible
We reserve the right to not review exceedingly complex projects that would require tens of thousands of dollars of senior security analyst man hours. Typically these are projects that deal with leverage, lending, options, derivatives, and anything that is overly complex and which requires tons of peer reviews and audits from top audit companies.