As with any DeFi activity, swaps and liquidity provisioning on DanaSwap are subject to risks ranging from smart contract failure and/or exploit, depegging, or otherwise any loss of value of any of the underlying tokens in their deposited pool.
In order to mitigate those risks, DanaSwap will make thorough due diligence before listing any asset to make sure that no unreliable asset will expose LPs to unnecessary risk.
Additionally, Ardana & its constituent protocols are audited by third party firms, though it must be especially noted that no audit can remove the degree of risk inherent in DeFi absolutely.
Last modified 4mo ago
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