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RugDoc Review
Level Finance is a decentralized and non-custodial perpetual DEX on BNB Chain.
It uses a set of custom contracts for the distribution of rewards (similar to a Masterchef). For other more specific functionalities, such as order creation, they are found in proxy contracts.
Taking into account the above, the project is classified as Not eligible. However, there are certain points that may interest you:
- Each pool has the possibility of distributing double rewards 🚨 A misconfigured (or malicious) reward contract can block deposits, regular withdrawals, and even emergency withdrawals.
- ⚠️ Withdrawals and harvests will fail once max supply is reached unless emissions and/or multipliers are set to zero. Users will still be able to emergency withdraw though.
- ⚠️ Pending rewards will continue accumulating once max supply is reached, but none will actually be harvestable
- ✅ No deposit fees
- ✅ Masterchef behind a 12 hr timelock (0x360071…8625)
- ⚠️ Does not support deflationary/transfer-tax token pools, just clarify with project that none will be added
- The proxy admin of the proxy contracts, are behind a timelock (0x360071…8625); whose owner, in turn, is a multisig wallet (0x6023c6…c621)
- ⚠️ All the owners of the multi-signature wallet were funded by the same wallet:
*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.