ShibaSwap Maintains High Security Score on CertiK’s Skynet Platform

ShibaSwap, the official decentralized exchange platform of Shiba Inu, holds its ground as a fortress of DeFi security, maintaining a top-tier score on CertiK’s real-time Skynet platform — even as threats across the crypto space continue to evolve.

Skynet Score Highlights Robust Defenses

The detailed metrics visible on CertiK’s Skynet, a security intelligence engine known for its thorough analysis and often providing continuous monitoring, highlight ShibaSwap’s sustained performance in several key areas. The platform shows particular strength in Community and Governance, both categories currently displaying impressive scores of 98.00. 

Market stability also reflects a high score at 96.00. These figures collectively suggest a resilient market presence for ShibaSwap, backed by active community oversight and transparent operational frameworks, which are vital for user confidence.

ShibaSwap Technical Security and Audit History

Delving into technical aspects, the Skynet dashboard indicates ShibaSwap’s Code Security at 89.29 and Operational security at 87.10. The platform’s Fundamental Health, a measure of its underlying project viability and strength, is rated at 83.00. 

While ShibaSwap underwent at least one formal audit around its launch in May 2021, establishing an initial security baseline, the regularly updated Skynet scores provide a more current and dynamic snapshot of its security standing. The notation of “13, 1, 0, 0” under “Fundamental” on the dashboard typically points to historical or informational findings from past audits. 

The high overall “AA” rating strongly indicates that any critical vulnerabilities previously identified have likely been long addressed or are not currently impacting the platform’s security status as monitored by Skynet.

ShibaSwap Evolving Role: Ethereum and Shibarium

Originally launched on the Ethereum blockchain, ShibaSwap serves as a decentralized finance (DeFi) hub. It offers users a suite of tools including the ability to “DIG” (provide liquidity), “BURY” (stake tokens for “WOOF returns”), and “SWAP” various cryptocurrencies. 

The platform’s native token contract on Ethereum, 0x95ad…64c4ce, also reflects a high security score of 97.50. More recently, ShibaSwap has extended its reach by deploying on Shibarium, aiming to offer users lower transaction fees and faster processing times characteristic of Layer 2 solutions. While the current CertiK Skynet score predominantly reflects its Ethereum contracts, the security of its Shibarium iteration will also be a key focus for its community.

The publicly visible high score on CertiK’s Skynet for its Ethereum deployment serves as a continuous, positive indicator. While no system can be entirely immune to future threats, this ongoing favorable assessment suggests a commitment by ShibaSwap’s developers to security, a principle they will be expected to carry over meticulously to its Shibarium operations.

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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.