Today, Minswap is excited to announce that in anticipation of our launch, the external security audit of our DEX’s Smart Contract by Tweag is now complete. The audit ensures key system components are built to specification and bugs are found and eliminated in a transparent way.
The audit has helped to identify 13 issues in the Minswap protocol that we were able to quickly address. Tweag looked exclusively at the on-chain validation code provided by MinSwap Team and attempted to locate potential problems such as vulnerabilities that can be exploited including denial of service attacks blocking other users from using the contract, incorrect dust collection and arithmetic calculations (including due to overflow or under-flow), incorrect minting, burning, locking, and allocation of tokens and any authorization issues. The Tweag Team verified the implementation does abide by its specifications and the detailed audit report will become available soon.
Tweag is a software innovation lab specialized in Haskell development for fintech applications/platforms. They are most notably known for their work in the architecture/design of Cardano’s Plutus platform.
To learn more about Tweag, please visit: https://www.tweag.io/
Minswap is a community-centric Decentralized Exchange (DEX) built on the Cardano blockchain that aims to enable the permissionless trading of token pairs. For each swap, a fee is taken, which goes to the Liquidity Providers. Anyone can provide liquidity as well, hence profits are decentralized. Minswap aims to capitalize on Cardano’s peer-reviewed and secure pillars to realize its potential of financially empowering everyone.