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Tomb Finance

Fantom

RugDoc Review

Medium Risk
UPDATE

UPDATE 3:

Project has released a new Cemetery for its second algorithmic token ($LIF3) in which it uses LP tokens from its own router released weeks ago.

  • It will run for 4 years.
  • ⚠️ Max 40% Deposit Fee
  • ⚠️ Does not account for transfer-tax tokens. Withdraw is prone to reentrancy attacks in case of vulnerable tokens

UPDATE 2:

Project has released its own router, which is a fork of the Uniswap V2 router. The Factory contract contains custom code so that both mintFee and swapFee can take variable values. Both can be modified individually and to any value, since a security check is not performed when they are updated, which may cause consistency problems.

*UPDATE* Tomb Finance team has asked me to update the review to mention that the dummy token they created for the hotfix cannot be used to secretly stake due to burn after mint.

Algorithmic stablecoin project based on Basis Cash on FTM that aims to peg to FTM rather than USD (similar to SOUP Finance on BSC pegging to BNB).  This review only covers the initial distribution period BEFORE boardroom (they call it Masonry) starts.

The 3 contracts TombGenesisRewardPool, TombRewardPool, TShareRewardPool during this pre-boardroom opening phase are somewhat straightforward BDO forks and present no overt hard rug code to steal your underlying capital.

For the TombGenesisRewardPool, they accidentally deployed the testnet emissions parameters and for some reason did not just redeploy everything for a clean slate, despite the fact that farming wouldn’t even begin for 2 days.  Instead, they are opting to hot-fix the issue by adding another pool with a dummy token which now must be monitored to make sure they don’t farm + dump it, and also will likely lead to some tokens not being distributed, and then being stuck until 90 days later before they can be withdrawn.  Not a dealbreaker per se, but absolutely no idea why they didn’t just re-deploy and fix it after I pointed out their issues with gas being so cheap on FTM.

The rest of this project that will commence once the boardroom officially starts its first Epoch has NOT been reviewed, and may very well error out or have a catastrophic launch like Nya Cash, FatFi, and loads of other algo stablecoins that bungled their Boardroom opening event.  Or it could be uneventful, but the scope of this review does not cover anything beyond the initial staking period.

Updated on 22 June 2022
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Project Type

Exchange, TOMB Fork

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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.

  • What do the risk ratings mean?

Our mission here at RugDoc is to screen for hard rug code that results in 100% theft of ALL underlying funds for ALL participants.

This is the ONE part of the due diligence process that most people cannot simply do on their own as it costs thousands of dollars to hire a senior solidity developer to look over a farm for safety.

A project coin with terrible code can go up in price, and a project with good code and a good team can also go down in price.

Do NOT use our ratings to refer to your likelihood in making money if you invest in the project. They are ONLY in reference to code safety.

Everything else beyond code safety is YOUR responsibility to go do research on. We just make sure the casino you’re betting in won’t rob you before you even get to place a bet.

Our reviews for projects are organized into a few colors.

🟢 Least Risk
These projects are the least likely to hard or soft rug. Usually reserved for cornerstone projects of an ecosystem where it makes no financial sense for them to rug in any manner as they make more money just being legit.

🔵 Low Risk
These projects are usually established projects in an ecosystem that have a track record of success or have KYC’d to us or other authoritative sources in the real world. As a result, it is extremely unlikely for them to soft rug or hard rug their projects. The projects can still fail and the token price can go down, but usually more as a result of natural market forces.

⚪️ Some Risk
This is the default rating for projects with unknown teams but have code that is unlikely to have hard rug risk. Since the team is unknown and doesn’t have a track record of success, it’s entirely possible that they may try to soft rug by dumping tokens, abandoning the project, etc. Even a last minute contract swap to a malicious contract is possible. The only thing that is unlikely is a complete hard rug as long as you are 100% sure you deposit into the contract we review.

🟠 Medium Risk
Similar to Some Risk, but the underlying code itself is custom enough or complex enough that it warrants an elevated risk rating that needs deeper research. Make sure you read every point presented to make sure you’re comfortable with that before entering. Still unlikely to hard rug, but more chances of custom code behaving incorrectly and causing other issues.

🔴 High Risk
Project contains code or practices that are HIGHLY LIKELY to lead to catastrophic losses as they are right now. Make sure you read the description carefully as we will always warn what these issues are. If you see the words Hard Rug anywhere in the review, STAY FAR AWAY!

⚫️ Not Eligible
We reserve the right to not review exceedingly complex projects that would require tens of thousands of dollars of senior security analyst man hours. Typically these are projects that deal with leverage, lending, options, derivatives, and anything that is overly complex and which requires tons of peer reviews and audits from top audit companies.

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  • How can I request for an update to my review?

🟢 For owners who have made impactful changes and would like an update to their farm review:

1️⃣ Use #update at @RugDocChat with your description and proof of changes and it will be forwarded to our scanners.

2️⃣ This does not guarantee a change in your review.

3️⃣ Owners who have difficulty solving the issues can consider our Consultation Package – please contact @BaymaxCrypto on Telegram to discuss.