Rating
Summary
This smart contract has been reviewed by George Stamp and found no backdoor code, and the owners privilege is to start the dapp. There is no malicious code that allows the owner (or other) to withdraw all funds from the smart contract.
This is a fork of Baked Beans which is itself a fork of bnbminer, with changes to keep track of user's investments & name changes; see the differences here: https://www.diffchecker.com/mRTDfgWk
Contract Details
Chain: Polygon.
Coin: MATIC.
Dapp Type: Yield farm / Miner.
Daily ROI: 8%.
Minimum deposit: 10 MATIC.
Referral reward: 8%.
Withdrawing automatically compounds 20% of the withdrawn funds.
Backdoors
There is no backdoor to take funds out of the contract or to steal from it.
Owner Privileges
seedMarket - starts the application: allows funds to go in and all functions to be triggerable.
Fees
Withdraw fee: 4% to owner (not modifiable by owner).
Deposit fee: 8% (not modifiable by owner):
- 3% to developer,
- 5% to the owner.
Complexity
This contract is fairly complex but uses old mechanics as seen on bnbminer. It has an anti large dump and a sub-token (seeds generated by miners) to reach the expected daily ROI, with price impact depending on total liquidity.
Team Trust
The team is known and has previously released Mango Miner BUSD. Their social media platforms are relatively popular.
Other Risk
This is a yield farm application that relies on new funds being invested, if the contract reaches $0 then investors will not be paid out.
However this is a Miner type of farm: there is a sub-token system that is subject to inflation and has the special formula of bnbminer’s original contract to reduce the impact of large dumps. Meaning: it will be very hard to reach $0 and it can lead to cycles in its lifetime.
