PancakeSwap StableSwap
Moderate risk — mature Curve-style design with extensive auditing and long track record, though stablecoin depeg exposure and governance dynamics require monitoring.
Top Risks
1
StableSwap pools are vulnerable to depegging events where one asset in the pair loses its peg, causing concentrated losses for LPs
2
Smart Router integration across V2, V3, and StableSwap modules increases attack surface complexity
3
Historical frontend security incidents (DNS hijack) demonstrate infrastructure attack vectors beyond smart contracts
Risk Breakdown
Frequently Asked Questions
Is PancakeSwap StableSwap safe to use?
PancakeSwap StableSwap receives a B risk grade (21/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — mature Curve-style design with extensive auditing and long track record, though stablecoin depeg exposure and governance dynamics require monitoring. PancakeSwap StableSwap is a specialized AMM module within PancakeSwap, the dominant DEX on BNB Chain, designed for trading pegged assets like stablecoins with ultra-low 0.04% fees and minimal slippage. With $17M in StableSwap-specific TVL and the CAKE token at $538M FDV, the protocol benefits from extensive auditing (CertiK, PeckShield, SlowMist, BlockSec), 29 consecutive months of deflationary CAKE burns, and battle-tested Curve-style invariant math. The B+ grade reflects its mature, well-audited design with no novel mechanisms and a strong operational track record.
What are the main risks of using PancakeSwap StableSwap?
The key risks identified for PancakeSwap StableSwap are: (1) Stablecoin depeg risk is the primary concern — if one stablecoin in a pool loses its peg, LPs absorb concentrated losses as arbitrageurs drain the healthy asset (2) veCAKE governance could redirect CAKE rewards away from StableSwap pools to higher-fee V3 pools, reducing StableSwap liquidity depth over time (3) Historical DNS hijack attack on PancakeSwap's frontend demonstrates that infrastructure security extends beyond smart contracts — users should verify they are on the correct domain
What is PancakeSwap StableSwap's risk score breakdown?
PancakeSwap StableSwap scores 21/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 4/20, Oracle Surface: 2/10, Documentation Gaps: 2/10, Track Record: 3/15, Scale Exposure: 5/10, Regulatory Risk: 2/10, Vitality Risk: 3/10. The highest risk area is Scale Exposure at 5/10.
How does PancakeSwap StableSwap compare to other DEX protocols?
Among 111 rated DEX protocols on Hindenrank, PancakeSwap StableSwap ranks #6 by safety (lowest risk score = safest). Its 21/100 risk score and B grade place it among the safer DEX protocols.
Has PancakeSwap StableSwap ever been hacked or exploited?
PancakeSwap StableSwap scores 3/15 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.
Last scanned 2026-02-18