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SpookySwap: score, security record and what it is for

63/100SCORE · CTrusted Grade C, fair

SpookySwap has been the main decentralised exchange on Fantom, now Sonic, since 2021 with no core exploit. Activity on that ecosystem has fallen a long way from its peak, so liquidity is thin.

The facts

LIVE SINCE: 2021
TYPE: AMM
CHAINS: Sonic, Fantom
SWAP FEE: Around 0.20 percent.
AUDITS: Audited.
WHO CAN CHANGE IT: BOO token governance.

How the score breaks down

security20/30

liquidity11/25

chains9/15

costs13/15

decentralisation10/15

Where it is strong and where it is not

✓ Strengths

The main venue on Fantom and now Sonic
Long running with no core exploit
Very cheap

✗ Weaknesses

Chain activity has fallen sharply
Thin liquidity
Effectively single ecosystem

Exploit history

No exploit of the core contracts on record.

Our read

Long running and clean on a chain that has lost most of its activity. Fine there, and check price impact carefully.

BEFORE YOU SWAP

Swap keeps failingSlippage, approvals, taxes and thin liquidity. Revoke approvalsEvery swap leaves a permission behind. Clear them. Gas tokensWhy you need the chain's native coin first. Pick a walletYou need self custody before you can use any DEX.

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