*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.
RugDoc Review
UPDATE:
We have updated the original review by nullifying some points that we had marked as attention. Reviewing again, we have determined that, by having renounced the token and given how the latter and the Genesis contract are configured, the points are not valid in the state in which the contracts are today. On the other hand, the website is operational and working. At the time of the review, accessing it displayed an error message and that is where the confusion on that point came from.
The rating is updated and we apologize for any problems that may have been caused.
Algostable project which appears to be based on Tomb Finance project. We recommend these kind of complex projects to pass reputable audits and KYC verifications as there is a risk of governance mishandling. Before investing, we also recommend users to conduct their own due diligence checks. The codebases tend to be large and complex with various risk vectors. We are classifying the whole Project as [Not Eligible].
- ⚠️ Not KYC’d with RugDoc
- ⚠️ No reputable audits as of date
- ⚠️ Liquidity is not locked with RugDoc
- ⚠️ Not in a multisig. We highly recommend the project to use one with community members or reliable 3rd parties as an approver due to the said governance risk.
🚨 We want to be VERY clear that this review and it’s rating ONLY applies to the genesis staking contract and not the actual operations of anything that happens anytime after genesis pools 🚨
Genesis Contract Review
🚨 Token Ownership renounced and Token Operator = Treasury. But The developer can recover ownership of the token through the Treasury and with this its operatorship (see code). Owner/Operator can mint & dump.🚨 Token contract can be paused which would block all transfers.⚠️ The website is not yet available. Double check that the contract you are interacting with is the one reviewed here.- Does not account for transfer-tax tokens. Withdraw is prone to reentrancy attacks in case of vulnerable tokens
- ⚠️ Current liquidity is extremely small yet, therefore the genesis rewards cannot be sold
⚠️ Governance can drain the contract 90 days after poolEndTime (Operator has been renounced, but the dev can get his/her operator status back)⚠️ Deposit Fee is uncapped- ✅ No Transfer Tax on Native Token
⚠️ Fee address can be set to the zero address, which would block harvests- Genesis is running for 2 days
⚠️ TRIPLE CHECK the contract you interact with. Make sure it matches the one reviewed here (0x563719…9737)
*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.
Project Type
Links
Related Events
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.