Safu Frog
@safufrog
Rugs Delenda Est. The situation with Zenon is a sad demonstration of a broader phenomenon across crypto, the proliferation of Rugs and Honeypots. "DYOR" sounds nice, but expecting people to read through all 700+ lines of solidity in a token's contract before investing is not realistic.
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Safu Frog
@safufrog
Sniffers and Screeners are nice ideas, and they also do not work. These tokens rated 100% secure across all three token sniffers used on Dexscreener, only to rug below initial price within an hour.
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Safu Frog
@safufrog
The problem with reactive solutions which check tokens after creation is that it creates an arms race, a "whack-a-mole" type situation. You plug all of the holes that you know by which someone can rug a token, so they invent a new one. You plug that one, they make a new one. Meanwhile people are still getting rugged.
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Safu Frog
@safufrog
The only way to prevent rugs 100% of the time is to stop the problem at its source, token creation. This is SafuFrog's goal. We intentionally limit the tokenomics of created tokens to a single, unruggable structure. Users can check for 5s "Did it come from SafuFrog?" & have more safety than if they used 100 screeners
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Safu Frog
@safufrog
However this by itself is not enough. It is clear to us now there must be guaranteed Safuty across the entire vertical infra stack. We will be putting together details for something we call SafuDex, and announcing those details over the coming days. Rugs Delenda Est.
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