Polywhale (KRILL)

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release: 4-2021
• Polywhale developers shut the project down and sold most of their tokens in what appears to be a "soft" rug pull.

History

• Was the first yield farm on Polygon (21-6-2021).

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: Polygon

Liquidity Mining

• From Crypto Briefing (21-6-2021):

"Users could stake various tokens including Matic, Quick and several other tokens to earn as APRs as high as 1000% in the native token called Krill."

Governance

Treasury

• From Crypto Briefing (21-6-2021):

"The team recently started draining funds from its treasury. A specific transaction shows that the Polywhale team drained over $1 million from the project’s treasury from their meant for future development, and sent them to their own wallets. “They were draining funds for five days ago while still advertising they were going to add new dev features, it’s not a simple shutdown it’s an exit scam,” one community member told CryptoBriefing."

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Bugs/Exploits

• From Crypto Briefing (21-6-2021):

"The team recently started draining funds from its treasury. A specific transaction shows that the Polywhale team drained over $1 million from the project’s treasury from their meant for future development, and sent them to their own wallets. “They were draining funds for five days ago while still advertising they were going to add new dev features, it’s not a simple shutdown it’s an exit scam,” one community member told CryptoBriefing.

Over the weekend, two other smaller yield farms, Polycash Finance and Polysa Finance executed soft rug pulls, and dumped native tokens on their users before deleting social media accounts. Contributing to the expansion of alleged exit scams like Iron Finance and Polywhale is QuickSwap, a Polygon-based DEX. QuickSwap promoted the two projects with massive liquidity reward programs, without displaying due diligence in picking their partners."

"

Usage

• From Crypto Briefing (21-6-2021):

"Up until the last week, Polywhale had a total value locked (TVL) of over $100 million across liquidity pools as well as other single asset pools."

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].
• Anonymous
• From Crypto Briefing (21-6-2021):

"The team has abandoned the project and withdrawn over $1 million in tokens. The team said they were quitting due to bad tokenomics and poor market conditions, a claim dismissed by others."

(:

Knowledge empowers all and will help us get closer to the decentralised world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31

Also check out CoinTr.ee for more content.