Cardano’s DEX Minswap Announces Audit Completion

Alex Dovbnya

Cardano-based DEX Minswap has completed its security audit

According to a Friday blog postCardano-based decentralized exchange Minswap conducted a third-party security audit in partnership with software innovation lab Tweag, which focuses on Haskell development.

Smart contract audits typically make it possible to identify and eliminate problems.

The audit performed by Tweag helped detect a total of 13 vulnerabilities after looking for a variety of issues such as incorrect minting, incorrect dust collection, denial of service attacks, etc.

The team will publish a detailed report on all identified issues.

Minswap, the first decentralized multi-pool exchange on the Cardano blockchain, launched its latest public testnet at the end of January, dubbed “The Laminar Flight Test Mission”.

In early September, Minswap became the first decentralized financial application to go live on Cardano’s public testnet, just two weeks before the launch of smart contracts on the mainnet. However, the app received scathing criticism after users started receiving errors while trying to exchange tokens due to the so-called “concurrency” issue. This made many critics question the viability of the Cardano blockchain, which uses the extended unspent transaction output accounting model (EUTXO).

The DEX accused its opponents of “FUD and finger pointing” in a blog post, claiming it was working to resolve the issue.

Minswap is not the only prominent decentralized exchange on the Cardano blockchain. As reported by U.Today, SundaeSwap launched its beta version on the Cardano mainnet in late January after announcing the completion of a security audit in partnership with Runtime in late December.

Leave a Reply

Your email address will not be published.