Dswap

Dswap receives a C risk grade (44/100) from Hindenrank, where lower scores indicate lower risk. 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.

The key risks identified for Dswap are: (1) 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 (2) 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 (3) 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

Dswap scores 44/100 across eight risk dimensions: Mechanism Novelty: 5/15, Interaction Severity: 11/20, Oracle Surface: 5/10, Documentation Gaps: 7/10, Track Record: 6/15, Scale Exposure: 3/10, Regulatory Risk: 4/10, Vitality Risk: 3/10. The highest risk area is Documentation Gaps at 7/10.

Among 111 rated DEX protocols on Hindenrank, Dswap ranks #97 by safety (lowest risk score = safest). Its 44/100 risk score and C grade place it among the riskier DEX protocols.

Dswap scores 6/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.