Daikiri Finance has not verified their contracts.
Daikiri Finance provided us with with an audit of their staking contract with the special feature of being able to earn rewards through PoW mining. Although this new feature had some important issues that still had to be considered, Daikiri Finance has gone through significant lengths to resolve them.
The team took our findings and worked to resolve almost every single issue. We could not find any vectors remaining vectors in the Masterchef that could lead to the direct loss of staked funds.
As with any yield farm, this does not yet mean that the protocol will be successful or profitable to the average investor. The native token often drops very rapidly after launch so we recommend you carefully do your research on the project and team and whether they are appropriate for you.
When staking in this project, the main risks you want to look out for are:
- Ensuring that the contract you approve and stake in matches the one we audited. This can be done by comparing the address with the one present in the contracts page in our audit.
- The probability of the value of the native token dropping rapidly simply due to the nature of yield farming. Carefully evaluating the team and project could help with assessing this.
- How much tokens are being minted through the PoW system and how this affects the buying and selling pressures on the native token.
When participating in the PoW mechanism, the risks to look out for are limited to:
- How much money you are spending in mining costs (electricity etc.) compared to the tokens mined.