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RugDoc Review
Not Eligible
UPDATE
- UPDATE 2: Timelock is now 24 hrs. Dev still has unlocked access to at least 769k tokens (not including the liquidity they own), which represents more than 68% of the supply and could be dumped at any time.
- UPDATE 1: Non-native strategy contracts have now been verified and are similar to those of Swamp.finance, so we’re downgrading from High Risk to Not Eligible, though please keep in mind the risks regarding token and liquidity distribution. At the time of review there were 7 pools – more pools could be added at any time with unknown strategy contracts, so DYOR.
Swamp.finance fork with a max supply of 66,666,666
- ⚠️ 90% of the token supply and 99% of the liquidity was transferred to a separate wallet, which just staked it in strategies, and was also withdrawing and dumping DEVIL tokens. Wallet still has more than 687k staked, and tokens and liquidity can continue to be removed and dumped at any time.
- ⚠️ Does not support deflationary/transfer-tax token pools, just clarify with project that none will be added
- ⚠️ Masterchef uses per-block emissions instead of per-time. This is an antipattern on variable-block-time chains like Fantom and Avalanche.
- ⚠️ An extra 32.29% of emission rewards are minted to the owner of the masterchef (this is a lot higher than usual). This is currently a contract where they can be removed by a dev address and dumped at any time.
- ✅ Masterchef behind a 24hr timelock
- Controller fees of up to 10% are possible, deposit fees are capped at 5%, withdrawal fees are capped at 5%
Updated on 13 January 2022
*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.