Is Dswap Safe?
Risk Grade: C (44/100)
Dswap is rated as elevated risk — multiple novel mechanisms and notable interaction risks.
High risk — limited transparency, unclear audit status, and emission-dependent liquidity create significant uncertainty for depositors
Dswap is a decentralized exchange (DEX) using automated market maker pools for token swaps, with $57M in total value locked. The protocol offers standard swap and liquidity provision features with DSWAP token farming incentives. Limited public documentation, unclear audit status, and low brand recognition make it difficult to assess the protocol's security posture and long-term viability.
TVL
$74M
Mechanisms
5
Interactions
4
Value Grade
F
Key Risks for Dswap Users
The protocol has very limited public documentation and unclear smart contract audit status — your funds sit in contracts that may not have been professionally reviewed for vulnerabilities
Liquidity mining rewards in DSWAP tokens could become worthless if constant token emissions crash the price, making your LP returns negative after accounting for impermanent loss
As a smaller DEX with limited brand recognition, trading volume could dry up quickly if users migrate to bigger competitors, leaving your liquidity stuck in thin pools
Top Risk Factors
- •Minimal public documentation and limited transparency around protocol architecture, team, and security measures
- •AMM-based DEX on less established chain with unverified smart contract audit status, increasing exploit risk
- •Low brand recognition and limited DeFi integrations create fragile liquidity that could evaporate quickly
Risk Score Breakdown
Dswap's highest risk area is Documentation Gaps (7/10). Here's how each dimension contributes to the overall 44/100 score:
Read the Full Dswap Risk Report
This protocol has 2 collapse scenarios. 2 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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