Optimism Farms

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Altitude is a composable asset bridge built on LayerZero's cross-chain communication infrastructure.

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.

Throne Exchange is committed to ensuring the security of their community by implementing decentralized measures, as they hold greater appeal and significance compared to centralized alternatives.

Posted on 29 August 2023 |

Automated Uniswap V3 pool management to create short term trades similar to 'Dual Investment' feature in CEXs.

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 15 May 2023 |

Uliquid is a decentralized protocol that interfaces with major Lending protocols on Blockchains. It allows users to 'self liquidate' their positions on these protocols with flash loans to avoid losses from protocol liquidation or leverage their assets for more returns.

  • The Uliquid protocol currently charges a fee of 1% for liquidation
  • ⚠️ All contracts have not been verified on chain and can contain any implementation

Having listed the above features, 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 15 March 2023 |

Active liquidity provision vaults for Uniswap V3 protocol.

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 28 February 2023 |
Update

UPDATE 2:

Allegedly, the dev intentionally drained to return funds to users who had deposited. In any case, it is curious to see that the dev has decided to drain the contract in the way that we have warned that the project could steal funds and not simply let the users themselves withdraw their funds. Anyways 🚨🚨🚨 Do not interact with the new contract 🚨🚨🚨

UPDATE:

Project has re-deployed its contracts with a supposed fix to the issue mentioned in the first review. It is insufficient, the start function still allows the dev to drain the contract at any time. This possibility exists even after the function has been called with the correct parameters the first time. 🚨🚨🚨 Do not interact with this contract either [0x54cbB0...4De8] 🚨🚨🚨

⚠️  FYI, the dev has drained ~317 OP token from the first reviewed contract [tx1 | tx2 | tx3].

Updated on 11 August 2022

🚨🚨🚨 Contains hard rug code that allows the dev to drain the contract funds before setting the start time. Even the function intended for such work could allow the dev to drain the funds from the contract in a different way. Do not interact with this contract [0x29b0e3...5a96]🚨🚨🚨

Posted on 11 August 2022 |

Similar structure to BNB Miner

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.

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 |

SPONSORED AD

  • ✅ The minting is done by the minter of the contract, which at the moment is the Masterchef.
  • ⚠️ Token minter can be change by the token owner which is currently an user wallet. There is a risk of the dev minting and dumping. Please clarify with the project on token ownership.
  • ⚠️ Masterchef currently not behind a timelock
  • ⚠️ Does not support deflationary/transfer-tax token pools, just clarify with project that none will be added.
  • ⚠️ Project appears to be using its own router which seems to be a fork of Uniswap V2. Ensure that you perform a small test transaction first and check that the Router contract matches the one here.
  • No deposit/withdrawal fees.
  • Dev address can be set to the zero address, which would block regular withdrawals and harvests
  • An extra 10% of emission rewards are minted to the dev address.

⚠️ TRIPLE CHECK the contract you interact with matches the one reviewed here (0xA5c830...DB2d)

Posted on 16 January 2022 |

Exact fork of ArbiNYAN contracts which was a fork of the Synthetix staking contract

  • Staking contract ownership has been renounced

⚠️ Triple check the contract you interact matches the one reviewed here (0x6F7...C6DB6)

Posted on 20 December 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.