Is SaucerSwap V1 Safe?
Risk Grade: B- (30/100)
SaucerSwap V1 is rated as moderate risk — some novel mechanisms, generally well-understood.
Moderate risk — a well-understood AMM design on Hedera's dominant DEX, but significant TVL decline and ecosystem dependency create long-term sustainability concerns.
SaucerSwap V1 is the foundational version of Hedera's leading DEX, using a Uniswap V2-style AMM adapted for Hedera's native token service. With ~$14M in TVL (down from $120M peak), it charges a 0.3% swap fee split between LPs and the protocol. The B risk grade reflects its straightforward, battle-tested AMM design and good documentation, balanced against Hedera ecosystem contraction and declining TVL.
TVL
$13M
Mechanisms
5
Interactions
4
Value Grade
D+
Key Risks for SaucerSwap V1 Users
SaucerSwap's trading activity depends on Hedera's ecosystem growth — if Hedera fails to attract more users, trading volume and your LP returns will continue declining
V1 uses the older Uniswap V2 design which is less capital-efficient — as the protocol shifts focus to V2, V1 pools may become too thin for good trade execution
The SAUCE governance token powers LP incentives, but if SAUCE price drops, the dollar value of your farming rewards decreases
Top Risk Factors
- •Hedera ecosystem has limited DeFi depth — SaucerSwap V1 liquidity depends on Hedera chain adoption, which trails major L1 ecosystems
- •V1 uses legacy Uniswap V2 AMM design with lower capital efficiency — LPs face full-range impermanent loss on volatile HBAR pairs
- •TVL has declined significantly from $120M peak to ~$14M, reflecting broader Hedera ecosystem contraction
Risk Score Breakdown
SaucerSwap V1's highest risk area is Track Record (12/15). Here's how each dimension contributes to the overall 30/100 score:
Read the Full SaucerSwap V1 Risk Report
This protocol has 2 collapse scenarios. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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