Security

Swaap Maker onchain codebase has been thoughtfully audited by Trail of Bits, OpenZeppelin, Chainsecurity & Quantstamp.

Control and Upgradability

The core Swaap Maker smart contracts, such as the Vault, the SafeguardPool, and the SafeguardFactory, are immutable for enhanced security. This means they cannot be upgraded or modified.

Safeguard parameters can be adjusted via the Swaap Labs multisig — in order to dynamically react to market events. See the dedicated section here for additional information.

Disclaimer

Please note that while Swaap Maker has undergone extensive security checks and auditing, no system can be completely secure. As with all smart contract-based platforms, there exists an inherent risk when interacting with contracts. Smart contracts are permanent on the blockchain; once deployed, they cannot be altered. This can be advantageous for trust and security, but if there is an error or vulnerability in the code, it might be exploited.

Users should exercise caution and conduct their own research before interacting with Swaap or any other DeFi protocols. It is important to have a clear understanding of the smart contract interactions, the associated risks, and to use the platform at your own risk.

Swaap is not responsible for any losses incurred due to the use or interaction with its smart contracts, and users are encouraged to only invest funds they can afford to lose. It is highly recommended to stay informed and be vigilant of the changing dynamics in the DeFi space.