Avarice BUSD Miner (rev 2)

Rating

Overall Score
83
 
 
 
Backdoors
100
Owner Privileges
90
Fees
75
Complexity
80
Team Trust
80
Other Risk
70
 
 
 
 
 
Higher score is always better

Summary

This smart contract has been reviewed by George Stamp and found no backdoor code, and the owner has no privileges to make modifications to the contract (apart from starting the contract). There is no malicious code that allows the owner (or other) to withdraw all funds from the smart contract.

This contract is deemed SAFE for investing, with the disclaimer that this is a Static APR Yield Farm application where the users investments cannot be withdrawn, and the user earns their funds back through withdrawing investment interest.

The project is a collaboration of Avarice and DeFiBeehive . it is the usual crops farmer fork but with the benefits of increased yield when investors stake BAVCtokens up to 4% bonus.
Users will have the option to stake BAVC tokens after 24 hours, together with their BUSD input in order to gain a scaling APY bonus in peg with the daily BAVC-BUSD value in the Avarice Lobby.
The total bonus will be up to 4% each level increases by 0.5% . there are a total of 8 levels.

By staking the compound function is being called therefore reinvesting your invested BUSD in the miners.

Contract Details

Chain : BSC
Token : BUSD (0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56)
DAPP Type : ROI Miner, with forced compounding and reward accumulation cut off.
Daily ROI Percent : Average 4-8%
Referral Percentage : 1 Level, 3%
Minimum Deposit : 10 BUSD per wallet (not modifiable by owner)
Maximum Deposit : 500,000 per wallet (not modifiable by owner)
Mandatory Compound Count : 6
Compound Timer : 24 hours
Compound Penalty Tax : 88%, remains in contract
Reward Accumulation Cut Off : 36 hours (not modifiable by owner)
HoneyPot : Last investor claims the reward (only counts for over 50 BUSD investments)

Backdoors

There are no backdoor methods that withdraw funds to a non investor wallet

Owner Privileges

startMiner() - The owner is able to start the contract.

Fees

These are standard fees that are charged

Deposit : 5.5% (not modifiable by owner) -> 1% is allocated to the Pot
Withdraw : 4.5% (not modifiable by owner)

Complexity

This smart contract is fairly complex, it combines a "crops" miner and includes additional BAVC staking and allows minimal configuration in the contract. The team has added on an additional "HoneyPot" that is allocated to the last investor.

Team Trust

Team is known and has released more than 3 project

Other Risk

This is a ROI dapp that relies on new funds being invested, if the contract reaches $0 then investors will not be paid out.

Disclaimer

This contract has been audited by a human.
Only invest what you can afford to lose.
DYOR - Do your own research