The most critical subjects covered in our audit are asset solvency, functional correctness, and precision of arithmetic operations. Security regarding all the aforementioned subjects is good.

The general subjects covered are integration with external systems, signature handling and sanity checks. Security regarding signature handling and sanity checks is high. The pool is integrated with the Balancer V2 infrastructure, which is an out-of-scope system. The issue Reentrancy via Vault was fixed, however other not yet discovered issues may remain since the Balancer V2 infrastructure is not covered by this audit. Thus, security regarding external systems integration is improvable.

In summary, we find that the codebase provides a good level of security regarding the most critical subjects, assuming that the Balancer V2 infrastructure does not contain any severe issues.

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.

Swaap implements a Safeguard Pool, utilizing the Balancer V2 infrastructure. It is an AMM pool with restrictions on certain swap transactions, in accordance with predefined parameters, known as safeguards. To perform a swap, a valid quote from a privileged signer must be provided. This quote encapsulates the swap price and associated penalties.

“Swaap is an innovative market-making protocol specializing in blue-chip crypto assets. Through pioneering models developed in collaboration with leading institutions, Swaap is revolutionizing DeFi market-making by providing liquidity providers with effortless and superior market-making strategies.”

Source: Swaap Finance team (https://swaap.finance/)