Optimism Farms
*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.
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.
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.
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.
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
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].
🚨🚨🚨 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]🚨🚨🚨
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.
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:
- Masterchef is not behind Timelock. It is behind a multisig, but the documents do not specify who the signers would be.
- No deposit fees.
- ⚠️ Does not support deflationary/transfer-tax token pools.
- No audit is specified in the doc to date.
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.
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)
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)
Popular Links
For Farm Owners
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.