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Uniswap

DEX

Oku Trade is a non-custodial DEX trading platform offering the best rates and analytics across 14 EVM chains. The platform offers market orders (swaps), limit orders, a Uniswap v3 position manager, and a pool creation tool, along with the charts and insights expected from a traditional trading platform.

Risk Rating

Moderate Risk
Assessment: 2024-03-29
Risk Assessment
Security History
Monitoring

Overall Score

67%
Alert
  • Assessor
    Kop, Supergu
  • Assessment Date
    2024-03-29
Not yet undergone Underwriting review

The protocol makes use of Uniswap contracts, benefits from strong documentation, multiple high-quality audits, and a proactive bounty program, ensuring a robust security framework. It employs the reliable Uniswap AMM formula, effectively mitigates common attacks, and avoids native token-related market risks. However, it faces challenges due to the lack of transparency regarding contract administration, an inability to pause contracts, and the complexity introduced by supporting flashloans. Additionally, the protocol's resilience has not been tested in extreme market conditions, and operational transparency is limited, with little known about the team beyond the founder.

Economic

75%
Utilizes the well-known and battle-tested Uniswap AMM formula, ensuring reliability.
Effective measures in place against common attacks like reentrancy.
Supports flashloans, introducing potential complexities and heightened security risks.
Launched in July 2023, the protocol has not yet been tested in extreme market situations.

Operation

46%
Faces relatively low legal and regulatory risks, facilitating smoother operations.
Only the founder’s identity is disclosed, with no information on other team members, which could impact trust and governance.
The community size is small, and there is a lack of decentralized governance and a clear project roadmap, potentially affecting long-term growth and adaptability.

Technical

69%
Good documentation on protocol architecture and source code enhances transparency and maintainability.
Audited by multiple high-caliber firms with no major unresolved issues, ensuring robust security.
The contract admin uses a 3/5 multi-sig address, yet lacks transparency on who holds these critical roles.
The smart contract is not pausable, which limits response options in the event of a security breach.