link.png

ID:

pendragon-finance-16

Date:

Status:

Incident Count:

March 26, 2022

Verified

1

info.png
target.png
REKT

Contributor:

chain.png

zerofriction.io

KYC By:

KYC:

No

info.png

Audit By:

Audits:

None

Loss Amount:

2,800

info.png

Recovered:

-

Rewards:

Currency:

USD, JLP

info.png

Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Avalanche

Protocol

Algo-Stables

Contract Vulnerabilities

Extended Method:

Logic error, unable to withdraw

info.png

Days in Operation:

174

(0.48 Years)

chain.png
chain.png
chain.png
chain.png
datasource.png

Rugdoc.io reported that Pendragon Finance, Fractional Algorithmic Stable Coin Pegged to 1 (One) AVAX and a Fantasm fork, has their LP tokens stuck. Teh project just got launched on March 25 at 5 PM EST. There's no way to rescue these so probably need to whitehat the underlying AVAX in Pool and drain the AVAX/XAVAX LP through mint XAVAX & dump.

The blunder: If this MC was audited (say by our lovely Paladin) it would at least have received 3 issues with regards to many functions becoming uncallable in certain situations: Add, set, updatePool, deposit, withdraw, emergencyWithdraw

info.png

DISCLAIMER: While web3rekt has used the best efforts in aggregating and maintaining this database, this web site makes no representations or warranties with respect to the accuracy or completeness of its information and data herein, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall web3rekt be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the data and information derived from this database.