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RugDoc Review
- UPDATE 3: VENOM token tax has now been set to 0% – but users who staked in the VENOM pool before this change will have already upset the balance of the MC. Users may be unable to withdraw their staked VENOM ⚠️
- UPDATE 2: Upgraded to High Risk as the VENOM pool does not account for transfer tax – this can be exploited to drain the entire contract
- UPDATE 1: Contracts uploaded to website. Masterchef changed to 0x92B4fD4eACb2893c03e62e3b8A480421a912f9DD. It adds the burn address so it can burn extra tokens, reduces referral percent from 3% to 2%, adds a multiplier to the mint rewards, changes the syntax for their HODL multiplier 200% max multiplier.
Custom Panther fork. Instead of locking funds up, you can just take a small percentage of harvest rewards if you harvest before your time is up. If you hold after your time is up you get up to 200% more in rewards. Deposit fees capped at 4%. No overt rugs found.
The contracts do not seem to be uploaded to the frontend yet.
*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.
More Information
The first automated deflationary yield farm that rewards farmers for holding.
The team have come up with a new HODL Multiplier mechanism which give farmers an incentive to HODL.
HODL LONGER, HARVEST LATER, EARN MORE.
What are we solving?
One of the main issue with current yield farms is that there are too many harvesting and dumping. Many new farms ( for e.g. ‘big cat farm”) tries to solve the issue by creating new mechanism which locks harvest. This in turn results in timely dumping which does not solve the problem at all, but rather just delaying the inevitable (cue Thanos).
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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.