SundaeSwap, a Cardano-based decentralized exchange, has announced that it has conducted a security audit in partnership with Runtime Verification (RV).
The audit has helped to identify several critical issues in the protocol. Its detailed overview will be presented in a separate report that will become available soon.
Pi Lanningham, chief information officer of SundaeSwap Labs, says that the DEX is now capable of meeting community standards: “RV’s thorough process identified a number of issues that we were able to quickly resolve. The result is a DEX that is able to safely meet the needs of the Cardano DeFi Community.”
The project will continue working with RV on future updates now that the audit has been completed. The cooperation is “critical” to the exchange’s long-term success, according to Lanningham.
SundaeSwap is one of the most prominent projects within the budding DeFi ecosystem on the Cardano blockchain, which is expected to become the blockchain’s first functional DEX.
It launched its testnet in early December and is now in the process of fixing various inefficiencies ahead of its mainnet debut.