Swaap Finance implements an automated market maker protocol, with the intention to eliminate the losses of the liquidity providers, while enabling them to collect the fees from trades. This is achieved by dynamic
weighting of the underlying tokens and stochastic spread mechanism.
During the review, no critical issues were uncovered. All the uncovered issues have been mitigated or fixed. The most critical subjects covered in our audit are resistance to assets siphon attacks, stochastic process
simulation precision and integration with external systems. Security regarding all the aforementioned subjects is high.
The general subjects covered are trust model, functional correctness and specification quality. All the aforementioned subjects were of sufficient quality.
In summary, we find that the codebase provides a good level of security. It is important to note that security audits are time-boxed and cannot uncover all vulnerabilities. They complement but don’t replace other vital measures to secure a project.