We aim to deliver the safest product possible.
If you use LP-Swap to swap 100 BUSD for 5 CAKE with 1% slippage:
- First, LP-Swap smart contract calls a private smart contract to perform the swap. This smart contract is private because it contains the secret sauce.
- Then, LP-Swap smart contract verifies the private smart contract returned you at least 99% of your 5 CAKE, i.e. 4.95 CAKE. If it did, the transaction is accepted. If it didn't, the transaction is reverted.
The vast majority of DeFi exploits consists of stealing users funds held in smart contracts. However LP-Swap smart contract holds no user fund, thereby protecting LP-Swap users from most DeFi exploits.
Every time we modify LP-Swap smart contract, we extensively test it via a battery of unit and manual tests.
We got audit offers from multiple audit firms. Audit is in progress.