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RugDoc Review
High Risk
UPDATE
UPDATE: This token/farm has been declared as “dead” by the project owner
United Farmers Finance (Grain) fork with a max supply of 20,000,000
- 🚨 All the staked UFX (including users’ staked funds) can be withdrawn from the masterchef by the operator at any time. The other pools appear to be safe, but this review will remain High Risk while this is still possible
- ⚠️ Masterchef does not mint tokens, so will need to be constantly topped up to ensure rewards can be distributed. If this is not constantly maintained, the masterchef will start to drain users’ staked funds in the UFX pool to distribute as rewards.
- ⚠️ Project has a custom AMM/DEX with blacklist features that can prevent users from swapping tokens or breaking their liquidity. On top of the usual AMM fees, the dev takes 0.3% of all liquidity minted by the AMM.
- ⚠️ Token owner is NOT Masterchef. There is a risk of the dev minting and dumping. Please clarify with the project on token ownership.
- ⚠️ Most liquidity is just staked in the masterchef and can be removed and dumped at any time. Devs have also transferred a large portion of tokens and liquidity to a single user wallet (0xf2c0…4f13). Please clarify with the project on liquidity locking or burning
- ⚠️ If ownership of the UFX token was transferred to the masterchef, it could just be transferred to another address that could immediately mint all tokens up to the max supply and sell them.
- ⚠️ Masterchef currently not behind a timelock
- ⚠️ Transfer-tax liquidity tokens can be sent to the operator wallet. Please clarify with the project on how they plan to use this.
- ⚠️ Token router can be changed, which could be used to turn the token into a honeypot. It’s also private, so cannot be (easily) read by anyone on the contract.
- ⚠️ Emergency withdrawal function has been removed, so existing emergency tools cannot interact with the contract. If the site is down for any reason, users will need to manually determine their balances and interact with the contract to withdraw.
- ⚠️ Pending rewards will continue accumulating once max supply is reached, but none will actually be harvestable
- ✅ Correctly accounts for transfer taxes on any token pool
- Max 12% withdrawal fees
- Owner can modify start block but it will have no effect, just clarify with project that they will not try this
- Up to an extra 20% of emission rewards can be distributed to the dev address
- Up to an extra 20% of emission rewards can be distributed to the treasury address
- 3% transfer tax
- 3% anti-whale
⚠️ TRIPLE CHECK the contract you interact with matches the one reviewed here (0x9327…fB26)
Updated on 17 April 2022
*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.
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