Dswap

Dswap receives a C+ risk grade (41/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — limited transparency, unclear audit status, and near-total TVL concentration in the native WEGAS token. Small scale (~$1.1M TVL) limits blast radius but does not reduce structural fragility. Dswap is a decentralized exchange (DEX) using automated market maker pools for token swaps on the ENI blockchain, with ~$1.1M in total value locked. Pool depth is concentrated almost entirely in WEGAS, the ENI native token, meaning effective USD liquidity fluctuates with WEGAS price. The protocol offers standard swap and liquidity provision features with DSWAP token farming incentives. Limited public documentation, unclear audit status, and a small user base relative to established DEXs 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) Nearly all of the protocol's $1.1M TVL is concentrated in WEGAS — a price decline in the native token would collapse pool depth in USD terms, leaving LPs unable to exit at par value

Dswap scores 41/100 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: 0/10, Regulatory Risk: 4/10, Vitality Risk: 3/10. The highest risk area is Documentation Gaps at 7/10.

Among 116 rated DEX protocols on Hindenrank, Dswap ranks #89 by safety (lowest risk score = safest). Its 41/100 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.