The DeFi Swap protocol (“Protocol”) is a set of smart contracts made available by Defi Labs (“Crypto.com”) on a voluntary, “as-is” and “as available” basis. It is not a service of any kind and you should not rely on Crypto.com to assist you to evaluate the Protocol, assess its fitness for any purpose or comply with any requirements.

You assume all risk arising from interactions with the Protocol. Crypto.com is not liable for any claim, damages or other liability, whether in contract, tort or under any other theory of liability, arising from, out of or in connection with the Protocol.

There are several risks when using the Protocol. These risks include inherent risks associated with the use of a virtual platform, the decentralized nature of the platform, and participating in virtual asset transactions. Risks include without limitation:

  • Partial or total loss of virtual assets;

  • Collapse in liquidity with respect to virtual assets; changes in compatibility of a virtual asset with the Protocol, changes in the smart contracts;

  • Regulatory uncertainty and government action against virtual assets;

  • Extreme volatility;

  • Possibility of market misconduct by participants including for example market manipulation, trading on the basis of non-public information, and front running;

  • Delays in or complete failure of virtual asset transactions being confirmed;

  • counterparty risk;

  • Faults, defects, hacks, exploits, errors or unforeseen circumstances occurring in respect of the platform or the technologies that the platform depends on;

  • Loss of private keys; and

  • Attacks on the platform or the technologies that the platform depends on including for example distributed denial of service, sybil attacks, phishing, social engineering, hacking, smurfing, malware, double spending, majority-mining, consensus-based or other mining attacks, misinformation campaigns, forks, and spoofing.

This list of potential risks is not exhaustive and is not intended to capture the extent of all possible risks. In the event of any of the above occurring, you may lose your virtual assets entirely. Participants should consider all of the above and assess the nature of, and their own appetite for relevant risks independently and consult their advisers before making any decisions in participating in the Protocol. USE AT YOUR OWN RISK.

Has the DeFi Swap Protocol been audited?

DeFi Swap is a fork of Uniswap V2 with Triple Yield incentives provided for liquidity providers, powered by CRO. Uniswap V2 was audited by dapp.org (link to the report here).

Prior to launching DeFi Swap, the smart contracts and DeFi operating model were audited by Crypto.com’s security team as well as blockchain researchers at SlowMist (Link to audits here and here).

Furthermore, all DeFi Swap protocols and support components are in the Crypto.com HackerOne bug bounty program scope.

Did this answer your question?