Snowdog (SDOG)

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release:
• Another Olympus fork, but this time with a buyback promise and then turned out to be a rug pull on Thanksgiving (11-2021).

Audits & Exploits

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

Bugs/Exploits

• From Blockthreat (1-12-2021):

"SnowdogDAO rugpull netted scammers $10M profit using a buyback scheme and a custom AMM contract. Snowdog developers called it a game theory experiment."

• From Rekt (26-11-2021):

"The premise was to run an 8-day accumulation phase, during which users could stock up on SDOG via minting, staking or market buying. Then, a buyback was scheduled which offered SDOG holders the chance to cash out for a share of $44M in MIM, bought using the treasury funds grown during the accumulation phase.

Following the buyback, the project planned to burn the proceeds, cut staking rewards and renounce contract ownership in order to fix the supply and establish SDOG as the “meme currency of Avalanche”. The first two transactions were the clear winners, picking up around 40% of the spoils between them. The accounts appeared to have prior knowledge that the buyback would happen on a new DEX, not having approved SDOG for trading on TraderJoe in advance but approving the custom pool as soon as it was published. The contract’s challengeKey, introduced in order to disrupt sniping bots, is a further source of suspicion given that team members would know the details of this mechanism and have privileged access to the contract directly before the front-end went live."

Technology

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

Implementations

• Built on: Avalanche

Competition

• All other Olympus forks.

Team, Funding and Partners

Team

• Full team can be found [here].

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