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RugDoc Review
UPDATE:
Project has redeployed all the contracts due, according to them, to a problem that arose in the config of the previous contracts.
Operator of both tokens is the Treasury, and both the Treasury and the Shared Token Reward Pool are upgradable proxies. It is worth clarifying that the Proxy Admin owner is a 365-day Timelock.
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 not renounced. Owner can mint & dump.⚠️ Token Operator = Treasury. 🚨 Token Ownership has not yet been renounced, so minting and dumping risk still remains.⚠️ Does not account for transfer-tax tokens. Withdraw is prone to reentrancy attacks in case of vulnerable tokens⚠️ No liquidity yet, therefore the genesis rewards cannot be sold✅ No Transfer Tax on Native Token.✅ Function governanceRecoverUnsupported removed✅ No Deposit FeeGenesis is running for 3 days.
⚠️ TRIPLE CHECK the contract you interact with. Make sure it matches the one reviewed here (0x0A9027…0D8D)
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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.