WeSwap Security

🛡 security measures security is non negotiable at weswap we are building not just a user friendly dex but one grounded in battle tested security practices, auditable transparency, and community driven governance this section outlines the core pillars of our protocol security, protections for user assets, and best practices to keep your funds safe 🔍 smart contract security ✅ audit commitment all weswap smart contracts undergo rigorous audits by industry leading security firms before deployment our audit strategy includes multiple independent audits – at least two firms evaluate our smart contracts for vulnerabilities formal verification – critical logic is mathematically verified where feasible test coverage – 95%+ unit test coverage, including edge cases and stress scenarios live monitoring – post launch contracts are monitored via on chain analytics tools for real time anomaly detection 🛠 code security principles we follow a conservative, security first development philosophy simplicity over complexity – minimize moving parts and custom logic unless absolutely necessary modular architecture – ensures isolated failure domains permission minimization – all contracts operate with the least privilege necessary upgradeable only via multisig – admin rights are gated behind community governed multisignature wallets 🧩 multisig & governance controls 🧾 multisignature operations weswap’s critical operations are protected by multi signature (multisig) wallets, managed by a committee of trusted contributors and partners treasury wallets – require signatures from a majority of governance members deployment keys – rotated regularly and protected with hardware devices admin actions – changes like fee structure adjustments or feature toggles are delayed via timelocks to ensure transparency and community response time ⏱ timelock governance to prevent unauthorized or impulsive changes all protocol upgrades and parameter changes are subject to 24–72 hour time delays users can monitor queued actions on chain before they are executed emergency pause functions can only be triggered with consensus among multisig signers 🧯 protocol safeguards ⚠️ circuit breakers weswap can pause operations temporarily under critical or suspicious conditions volume spikes – automated flags for outlier trading activity oracle manipulation – threshold triggers based on deviation from trusted price feeds liquidity drain events – detection of rapid liquidity exits or flash loan exploits 🧠 oracle security price feeds are validated via multiple aggregated sources – to avoid reliance on a single oracle median pricing algorithms – disregard extreme values update frequency limits – protect against outdated data decentralized oracles (chainlink & others) – used where possible for trusted feeds 👤 user security best practices 🔐 wallet hygiene use a hardware wallet (ledger, trezor) for large holdings keep private keys and seed phrases offline and never share them regularly review wallet permissions using tools like revoke cash or etherscan create separate wallets for testing, staking, and large value trades 📤 transaction safety bookmark the official dapp url https //app weswap io verify token contracts before trading use coingecko or coinmarketcap verified addresses use small test transactions for new tokens or pools adjust slippage cautiously; excessive tolerance increases frontrunning risk 🕵️‍♂️ phishing protection never respond to dms claiming to be "weswap support" always verify announcements via official social media channels double check urls and avoid browser extensions from unknown sources 🌉 cross chain & bridge security weswap is expanding to support chains like arbitrum, optimism, and base security for cross chain operations includes 🛡 secure bridging standards validator consensus – transfers require signatures from multiple independent validators fraud proof mechanisms – disputes can be raised on fraudulent claims delayed finality – larger transactions have longer confirmation periods rate limits & caps – max volume per period is enforced to limit damage from exploits transparent bridge reserves – real time analytics on locked and circulating tokens 🤝 bridge partner criteria we only integrate with bridge protocols that meet the following audited smart contracts transparent validator sets bug bounty or insurance programs community trust & track record 👀 front running & mev protection to shield traders from sandwich attacks and frontrunning transaction sorting algorithms – prioritize user fairness over miner profit slippage warnings – alert users when trades may be vulnerable to mev private transaction routing (coming soon) – submit transactions directly to validators without going through the public mempool 💰 bug bounty & responsible disclosure 🎯 bug bounty program weswap incentivizes white hat hackers via tiered reward system based on severity safe harbor protections for ethical disclosures transparent patch notes for resolved issues live leaderboard for community recognition rewards range from $500 to $50,000+, depending on impact and reproducibility 📬 disclosure process if you’ve found a bug or exploit email security\@weswap io use pgp if needed (key available on website) expected response within 24 hours disclosures are reviewed by both internal and third party security teams 📜 transparency & audit reporting 📝 published audit reports all audit reports are available in our security hub audit firm name and report date severity classifications (critical/high/medium/low) team responses and mitigations ongoing security monitoring status ⚠️ security advisories we notify users of patched vulnerabilities major updates requiring user action new risks affecting ethereum based protocols bridge related or multisig governance changes 🔄 continuous security improvements 🔧 security roadmap advanced anomaly detection with on chain ai analytics expanded formal verification coverage decentralized insurance integration (e g , nexus mutual) on chain guardian council – community elected multisig keyholders education & security audits for integrators (lps, dapp builders) 🏛 industry comparisons security feature weswap typical dex audits multiple, ongoing 1–2 pre launch only multisig + timelock yes rare or centralized admin bug bounty program yes, up to $50k often absent or unpublicized mev protection planned, partially live optional or non existent bridge validator model yes (multi validator) often single operator user wallet safety tools built in integrations user dependent 🧠 final thoughts security is everyone's responsibility while weswap leads with best in class security infrastructure, user vigilance is essential educate yourself, use best practices, and stay updated through our official channels