Understanding Waffle ExchangeThe Waffle exchange stands as non-custodial, meaning all users handle all transactions singularly from their BSC wallet. The Waffle Aggregator has its primary objectives towards offering the best BNB prices on all BSC-based decentralized exchanges. Moreover, the project hopes to present Initial Litigation Offering (ILO) characteristics to encourage the network’s growth. It invested in making the ecosystem’s processes automated to maintain user convenience during swaps on BSC DEXs. Combined with that is the sourcing of liquidity from BSC DEXs, including BurgerSwap and PancakeSwap. This factor will provide the best token swap rates for all customers, faster and better than they would on a single exchange.
A Safer Environment for You with The Complete AuditIn April 2021, Waffle involved CTDSec to audit all of its smart contracts to point out any security loopholes that may show up in the contracts’ build. After gaining access to the systems, CTDSec thoroughly researched, reviewed, and investigated the project to report any issues that they may have encountered. Subsequently, they gave a detailed report on all the attacks launched against the smart contracts. There were no high severity issues and one low severity issue; there was a division before multiplying in part of the smart contract code that could lead to wrong calculations. As a recommendation, the auditing company suggested multiplying before dividing to ensure the correct results. However, the auditing company warns users that that is not an absolute reassurance that no problems may come up. Consequently, it advised Waffle Exchange to actively set up a bug bounty plan to encourage users to look for and report any smart contracts issues.
Waffle Exchange’s FeaturesTo begin with, Waffle Exchange creates liquidity for the Binance Smart Chain. The user interface is designed to provide a straightforward structure for users to work with; all liquidity and rates of multidex exchanges appear on the same platform. The platform supports governance in that users have a say in its fees and rewards. Coming soon after its launch is staking pools and yield farming, along with a sophisticated governance system. There are no KYC requirements on the platform; therefore, users do not have to provide their personal information while participating in the project. You can interact with the growing Waffle Exchange community today on Telegram and Twitter for more information on the progression of the project.
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