https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚨" title="Polizeiautos mit drehendem Licht" aria-label="Emoji: Polizeiautos mit drehendem Licht">Warning!https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚨" title="Polizeiautos mit drehendem Licht" aria-label="Emoji: Polizeiautos mit drehendem Licht"> @SakeSwap overview - the project about which you should be alerted. A thread. 1/13 https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📌" title="Reißzwecke" aria-label="Emoji: Reißzwecke">Smart Contract:
-Audited by UnknownSec.
-Ownership of Token Smart contract:
Token Contract <= SakeMasterContract <= Timelock <= EOA.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📌" title="Reißzwecke" aria-label="Emoji: Reißzwecke">Total supply:
-Variable.
-The SakeMaster contract generates new tokens each block (same as in $sushi):
-Pre-mine = no.
2/13 https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
Minting function: SakeMaster, EOA. Mint function can be called by EOA only via a timelock contract. So in case, it is called it will be locked for 2 days minimum (time of lock can be increased) and will be executed once the timelock period passes. 3/13 https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📎" title="Büroklammer" aria-label="Emoji: Büroklammer">Note: The mint function which is used for the mining of new tokens can be called EOA. EOA is Externally Owned Accounts that are controlled by private keys. The owner of the private key can cause the command for generating new tokens. 4/13https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📌" title="Reißzwecke" aria-label="Emoji: Reißzwecke">Migration function:
-Yes
-Migrator is set to 0x0000000000000000000000000000000000000000 , but can be changed via a timelock contract with a lock of 2 days.

They also have a limitation of funds transfer - 1/2 - half of the balance with 2 weeks delay. 5/13 https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
So, nobody can call the migration function at the moment, but the owner of this smart contract has the possibility to change this zero address to whatever they want. This could be an address of the person who can call the migrator function in the future. 6/13 https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
In the meantime of this action, the owners can transfer users& #39; funds somewhere, that’s why the risk of fraudulent activities can take place. This operation will be visible for the users during the 48h timelock. 7/13 https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📌" title="Reißzwecke" aria-label="Emoji: Reißzwecke">KPI: Rebase: No.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📌" title="Reißzwecke" aria-label="Emoji: Reißzwecke">Team reward %:
- 6% of tokens from SakeMaster contract once they are distributed.
- All rewards go to smart contracts that allow them to withdraw only once per 2 weeks. 8/13https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
Everytime when the new tokens are minted developers will get 6% of the total minted amount. 6% of the tokens sum will be transferred to the smart contract and could be withdrawn after a 2 weeks timelock period. 9/13https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📌" title="Reißzwecke" aria-label="Emoji: Reißzwecke">Funds lock period: No.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📌" title="Reißzwecke" aria-label="Emoji: Reißzwecke">Possibility to pause the Smart Contract: No.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📌" title="Reißzwecke" aria-label="Emoji: Reißzwecke">List of suspicious functions: No suspicious functions. 10/13https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📌" title="Reißzwecke" aria-label="Emoji: Reißzwecke">Conclusions. Scam probability = High
Sakeswap is the fork of Uniswap with $SUSHI token as a governance token. They released a lot of issues in the smart contracts that give the owners the possibility to migrate funds without the lock period and infinity token mint. 11/13 https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
Sakeswap is still able to initiate the migration function to relocate the funds to another address but with 48h LockPeriod and only 1/2 (half of the user balance) every 2 weeks. 12/13 https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚨" title="Polizeiautos mit drehendem Licht" aria-label="Emoji: Polizeiautos mit drehendem Licht">We recommend to be careful with this project and monitor the requests to the main smart contract because after 48h these minting or migration requests will be executed. References:
Sake Token Address - https://etherscan.io/address/0x066798d9ef0833ccc719076dab77199ecbd178b0
SakeMaster">https://etherscan.io/address/0... Contract https://etherscan.io/address/0x066798d9ef0833ccc719076dab77199ecbd178b0
13/13">https://etherscan.io/address/0...
You can follow @defiyield.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: