From a technical perspective, StormSwap has gone through the lengths to resolve every issue found in our report. 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 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.
- The protocol uses an average of block numbers over a certain period in order to calculate emission rewards. This is slightly better than purely using block.number, though not as ideal as directly using block.timestamp because Avalanche’s block numbers vary significantly. As such, this may pose a risk that reward emissions may be variable, and the displayed APRs may not be entirely accurate across time. There is also a risk for validators to game the reward emissions, per this Twitter post.