Safu Frog pfp
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.
3 replies
6 recasts
15 reactions

Safu Frog pfp
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.
1 reply
0 recast
2 reactions

Safu Frog pfp
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.
1 reply
0 recast
4 reactions