iZiSwap

DEX

iZUMi Finance is a multi-chain DeFi protocol providing One-Stop Liquidity as a Service (LaaS). Its philosophy is that every token deserves better on-chain liquidity in an efficient and lasting way.

Chain
TVL
＄3.72M
Native token
IZI
View on CoinGecko
Protocol key links
Website Gitbook Twitter

Risk Rating

Moderate Risk

Assessment: 2024-03-14

Risk Assessment

Security History

Monitoring

Overall Score

59%

Alert

Assessor
Kop, Supergu
Assessment Date
2024-03-14

Not yet undergone Underwriting review

iZUMi Finance presents a mix of positive and negative aspects. Positively, it features an immutable smart contract, comprehensive documentation, and resilience demonstrated by launching in a bear market. However, it lacks crucial audits, has weak administrative controls, and supports potentially risky flash loans. Additionally, the project suffers from low token liquidity and an anonymous team, raising concerns about transparency and security.

Economic
Evaluate possible financial and economic risks depending on the project type (e.g., for lending, check the collateralization system), protection against CVEs (Common Vulnerabilities and exploits), oracle risks, and systemic concerns.

75%

A comprehensive white paper is available that explains the innovative design of the AMM formula, inspired by Uniswap.

iZUMi Finance launched during a bear market, indicating it is well battle-tested under challenging economic conditions.

The protocol's support for flash loans increases the potential risk exposure.

The native token exhibits a low market capitalization and trading volume.

Operation
Look into the team's experience, track record, and project governance. Consider legal and counterparty risks that may impact the project.

60%

The protocol's publication of multiple research papers indicates expertise in the DeFi industry.

Boasts a sizable and active community on Twitter and Discord, which can provide robust user feedback and foster rapid issue resolution.

The team's anonymity raises concerns regarding project transparency and accountability.

The DAO remains inactive, with no previous voting events recorded.

Technical
Understand the security of the app, code quality, and controls in place. Check how well it was developed, tested, and reviewed by third parties.

43%

The smart contract is immutable, enhancing its security by preventing unauthorized alterations.

A comprehensive architecture diagram and detailed development history demonstrate the project's commitment to code transparency.

The absence of an audit suggests inadequacies regarding the code's security assurances.

The system lacks administrative controls and time-lock mechanisms.

iZiSwap

DEX

Risk Rating

Overall Score

EconomicEvaluate possible financial and economic risks depending on the project type (e.g., for lending, check the collateralization system), protection against CVEs (Common Vulnerabilities and exploits), oracle risks, and systemic concerns.

OperationLook into the team's experience, track record, and project governance. Consider legal and counterparty risks that may impact the project.

TechnicalUnderstand the security of the app, code quality, and controls in place. Check how well it was developed, tested, and reviewed by third parties.

Economic
Evaluate possible financial and economic risks depending on the project type (e.g., for lending, check the collateralization system), protection against CVEs (Common Vulnerabilities and exploits), oracle risks, and systemic concerns.

Operation
Look into the team's experience, track record, and project governance. Consider legal and counterparty risks that may impact the project.

Technical
Understand the security of the app, code quality, and controls in place. Check how well it was developed, tested, and reviewed by third parties.