Rating
Summary
This smart contract has been reviewed by George Stamp. This is a fork of Wealth Mountain with an integrated jackpot game. It rewards investors with daily returns from 1.5% to 5.5% depending on the days staked.
See the differences here: https://www.diffchecker.com/tUXwxCmm
Contract Details
Date of launch: Mon Oct 17 2022 16:00:00 GMT+0000 (or unix timestamp 1666022400).
Full unstake fees goes to TVL.
Daily ROI: from 1.5% to 5.5%.
There is a Jackpot game integrated into the smart contract rewarding the daily biggest depositor. It is triggered when a user withdraws rewards or the initial investment, to designate the winner and transfer the reward.
Initial investment withdrawal’s penalty remains in the TVL.
Jackpot reward is 1% of the daily biggest deposit.
Backdoors
There is no backdoor by which malicious acts can steal from investors in any way.
Owner Privileges
The team receives 10% on deposits, from those who do not uses a referral link and on everyone's second deposit and beyond (referral reward).
Fees
Deposit fee: 10% (not modifiable by owner):
- if a user has withdrawn initial investment or rewards at least once, developer gets referral rewards automatically instead of the referred user,
- developer gets unused rewards.
Withdrawal fee: 0% (not modifiable by owner).
Unstake fee: from 12% to 6% (not modifiable by owner): remains in the TVL
Complexity
This smart contract is rather complex and does not provide any flexibility on the part of the owner. Upon deployment, most features will become usable after the launch date.
This smart contract features a Jackpot game to reward the biggest depositor of the last 24 hours.
Bad logic: FeesKey[50] key value is not defined in the constructor so the last if else statement in the withdrawInitial function will not pass. Feeskey is also missing an index for the 30th day.
Team Trust
The team is known and has published two projects.
Other Risk
This is a yield farm that relies on funds invested to payout existing users. If the contract reaches $0 then investors will not be paid out anymore.
The unstake function can cause the TVL to go quickly to 0.
