OKXChain Farms
*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.
🚨 Centralized application, user funds have to be deposited into a wallet which is controlled by the platform. Tokens can be withdrawn by the platform anytime. 🚨
The project implements an individual contract for each farm and pool. These contracts interact with the same vault. It is a multi-chain platform and 🚨 unfortunately a few contracts are found unverified on some of the chains [ex BSC, OKC]. In most implementations, the same code is implemented, but in some the blacklist functionality is added.
Although, taking into account the amount of resources that we should allocate to the review of each of the contracts of each of the chains, and considering that the review may not be valid for future pools added, we would initially rate the project as [not eligible] but considering the below, the rating will be [high risk].
- 🚨 Receipt Tokens Ownership has not been renounced.
- 🚨 Vault Ownership has not been renounced.
- 🚨 Funds deposited in the vault can be withdrawn by the gov (or from any address that is given the whitdraw role) at any time directly and/or indirectly.
- 🚨Vault contract can be paused.
- 🚨 Users can be blacklisted and unable to make new deposits and withdraw previously made deposits.
- ⚠️ Project uses its own router which seems to be a fork of Uniswap V2 (0.225% swap fee). Ensure that you perform a small test transaction first and check that the Router contract matches the one here:
- AVAX 0x14f800...9895
- BSC 0x6A1A6B...4F01
- ETH 0x69cd48...39e0
- HECO 0x00efb9...a694
- OKC 0x56cdde...1707
RugDoc KYC: Project owner has KYC’d to us, and has signalled his transparency and commitment to this project and shall retain full responsibility over them and any actions taken by them.
- ✅ KYC'd with RugDoc
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.
🚨🚨🚨 Contract is behind a proxy that can HARD RUG you at any time. DO NOT STAKE in this contract. If you have, REVOKE APPROVAL 🚨🚨🚨
The proxy implementation is an unverified contract and could contain anything!
Consolidation of different "miners" being deployed in different chains with different tokens where contracts are complete copies of each other.
PLEASE NOTE that these types of projects appear to be straight up ponzi schemes and you WILL lose money if you're not lucky enough to have more users come in after you so you can cash out. RugDoc HIGHLY recommends staying away from these types of projects. We are marking this as ineligible so it does not get requested again. DYOR.
This includes the following:
Lavacake Fork
- Layer 2 of SpaceX
- ⚠️ Masterchef currently not behind a timelock
- ⚠️ Has individual strategy contracts tied up in its pools that deposits user's funds to delegated farms to earn additional income for the platform. We recommend it to undergo an audit to safeguard users from possible vulnerabilities that could arise from this implementation.
- ✅ Max 4% deposit and withdraw fees
- ✅ Correctly accounts for transfer taxes on any token pool
- 5% referral (max 5%)
- 1/10th of emission rewards minted to dev address
- Withdrawal fee decreases to 0% depending on how long the user is staked in the platform
- Fee address can be set to the zero address, which would block regular withdrawals, harvests, and emergency withdrawals
- Code shows a max token supply of 5 Billion, however it doesn't seem to be implemented in the masterchef nor the token contract
- 65% of tokens is supplied as liquidity, of which 88% is under a 67-day locker contract
⚠️ TRIPLE CHECK the contract you interact with matches the one reviewed here (0x34456C...5c2F1)
KSwap has been around since February 2021. It's an AMM like Uniswap, SushiSwap, etc., which offers four (4) types of yield farming i.e. Liquidity (the usual one where you stake your LP tokens to earn), Dual Mining (where you stake your LP tokens and earn the platform token and another partner token as rewards), Trading (where you can earn platform token rewards when trading the pairs that support trading mining), and Deposit (which is the usual single asset staking where you earn the native token as reward). As of time of writing, KSwap appears to be one of the prominent projects in OEC.
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.
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🚨🚨🚨 Contracts are unverified and could contain code to steal all funds and take all approved funds too 🚨🚨🚨
Panther fork
- ✅ Correctly accounts for transfer taxes on any token pool
- ⚠️ Masterchef not behind a timelock
- 2.5% transfer tax (max 5%)
- Transfer tax tokens not used to create liquidity, its just sold to OKT and kept in the token contract
- No deposit fee
- No anti-whale
- 1/10th of emission rewards minted to dev address
⚠️ TRIPLE CHECK the contract you interact with matches the one reviewed here (0x73...eaf9)
Goose fork.
- ⚠️ No pools have been added to the Masterchef. There is a risk of the contract being switched out.
- ⚠️ 100% deposit fees possible
- ⚠️ Masterchef currently not behind a timelock
- 1/10th of emission rewards minted to dev address
- ⚠️ Anti-whale can be set artificially low, which could impede/block transfers.
- ⚠️Masterchef has not been excluded from anti-whale which could block harvests.
- 0.5% anti-whale (min 0.1%)
- ⚠️ Does not support deflationary/transfer-tax token pools, just clarify with project that none will be added
⚠️ TRIPLE CHECK the contract you interact with matches the one reviewed here (0x06863eaad...1b17)
Goose fork. This is the OKEx expansion from the BoneSwap team.
- ✅ Correctly accounts for transfer taxes on any token pool
- ✅ Max 4% deposit fees
- ⚠️ Masterchef currently not behind a timelock
- 1/10th of emission rewards minted to dev address
- 2.5% referral
- Router and Factory look to be clean PCS V1 forks and is similar to their KCC AMM, which has been operating without issues for quite a while now.
⚠️ TRIPLE CHECK the contract you interact with matches the one reviewed here (Ends in 55CC)
🚨 Has MIGRATOR and can steal your funds at any time.
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Disclaimer: This is done with our best knowledge and effort, nothing can be known for certain – always DYOR and risk management. This is NOT financial advice. Use the information presented here to inform your own decisions. Referral links may be included on any outbound link.