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.


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

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

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

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.