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RugDoc Review
THIRD UPDATE:
The owner clarified the reason for the revoked KYC: it was due to the first contract which was reviewed and contained rug-code.
SECOND UPDATE:
ApeOClock revoked their KYC, this is a huge red flag because this usually does not happen.
The high risk rating will remain until proven otherwise.
UPDATE
The project has re-deployed its contracts to eliminate and mitigate the issues found in the first review.
Genesis Contract Review
- ✅ Does account for transfer-tax tokens
- Initial liquidity has been sent to an unverified contract [0x0e1757…cf6c]. According to the transaction logs, until Dec 1, 2022 [tx]. ⚠️ But since it is not verified, we cannot verify that they cannot withdraw it before.
- ✅ Function governanceRecoverUnsupported removed
- ✅ Genesis Operator renounced
- Deposit Fee: 1%
- ✅ Max 1% Deposit Fee
- ✅ No Transfer Tax on Native Token
- ✅ Token Ownership renounced
- Token Operator != Treasury, ✅ But the minting functionality has been removed.
- Genesis is running for 1 days
⚠️ TRIPLE CHECK the contract you interact with. Make sure it matches the one reviewed here (0xa7bFCD…A66B)
🚨 Contains the same hard rug code as the Ftom project [see twitter announcement] that can be used to bypass the secure check in the governanceRecoverUnsupported function. In this case, it has a slight modification so that it can only be called once, but at the time of this review this has not been done yet.🚨
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 Operator is a wallet which can mint & dump.⚠️ Genesis contract has not been connected to the website.⚠️ Genesis contract has no pools added. There is a risk of the contract being switched out.⚠️ 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⚠️ Governance can drain the contract 30 days after poolEndTimeDeposit Fee: 1%✅ Max 2% Deposit Fee. (They have the possibility to choose a token to which an additional 1% is discounted. Only one token can be selected)✅ No Transfer Tax on Native TokenGenesis is running for 1 day.
⚠️ TRIPLE CHECK the contract you interact with. Make sure it matches the one reviewed here (0x58bb37…adde)
*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.
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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.