Polycat Finance’s Paw was initially quite a risky farm, but after going through our auditing process it now looks much more like a simple, standard farm with a vesting system.
From the technical side of things, although it was odd that certain issues were present in the first place, Polycat has taken the necessary steps throughout the auditing process to resolve them. Because of this, we could not find any 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 to carefully do your research on the project and team and whether these 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 native token’s value dropping rapidly simply due to the nature of yield farming. Carefully evaluating the team and project could help with assessing this.
- The value of the locked tokens dropping rapidly and the APR being misleading because of this.