From the technical side of things, EuroBallz has gone through great lengths to ensure their smart contracts were secure: The team took our findings and worked to resolve pretty much every single issue. We could not find any vectors in the Masterchef that could lead to the direct loss of staked funds after all these issues were resolved. We were also unable to find ways in which funds could not be withdrawn.
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 risk that the token value might drop rapidly simply due to the nature of yield farming. Carefully evaluating the team and project could help with assessing this.