KyberSwap, a leading decentralized exchange (DEX) platform, is thrilled to announce they will be resuming its highly anticipated Elastic protocol on May 25, 2023.
This brings back key capital-efficient features such as concentrated liquidity and full range fees compounding, while incorporating significant security enhancements, including a newly audited smart contract, round-the-clock live scanning in collaboration with security partners, and the introduction of an Insurance Fund.
KyberSwap Elastic will resume with improved smart contracts that have undergone internal audits as well as external audits with ChainSecurity and the community whitehat developer that spotted the smart contract vulnerability earlier in April. Further smart contract audits are being planned with other auditors. The comprehensive audit report by ChainSecurity can be found here.
In addition to fortified smart contracts, KyberSwap has implemented enhanced security measures of its own. This includes a real-time monitoring page set to launch in Q3 2023 that continuously checks the status and security of the website, smart contracts, and more, providing the team with up-to-the-minute information and eliminating reliance on outdated data.