Deswap profile
Deswap Profile (DAW)
Score: 1.08 | Weak
Highly Speculative Nano Cap
Project Safety Score

Wed, Oct 27, 2021 11:12 AM

Score 1.08
Rating Weak
Market Cap $0
24hr Volume $44.54390477
Price $0.02501007481715
Review

Deswap

token

Matic Network

Deswap(DAW) is a decentralized lending protocol powers the world's first decentralised stablecoin(YAI) built on polygon network, which is backed by a basket of stablecoins and crypto assets with no centralised control .We are aiming to change the interaction between the lenders and borrowers so that people can exchange assets without seamlessly loosing their funds in the form of higher gas fee. On the Polygon chain, the Deswap Protocol is designed to enable a comprehensive algorithmic money market protocol. To begin, the Deswap Protocol(DAW) will allow users to mint YAI (YAI), a synthetic stablecoin pegged to the price of $1 USD, by using the yTokens from the underlying collateral already submitted to the protocol. Users may borrow up to 50% of the remaining collateral value in their yTokens to mint YAI.Stablecoins on the Deswap Protocol can be created synthetically and added as a proposal through Governance. The protocol's default stablecoin will be YAI, which can be created using collateral previously committed in Deswap.The ability to use the collateral provided to the market not only to borrow other assets but also to mint synthetic stablecoins with over-collateralized positions that safeguard the foundation with very low gas fee and fastest block confirmations is what sets Deswap apart from other money market protocols.These synthetic stablecoins are backed by a cryptocurrency basket rather than a basket of fiat

Read more in the whitepaper:
https://www.deswap.co/video/Deswap%20Litepaper%202.pdf

Deswap Smart contracts and audits.

Below are the available smart contract addresses and any associated contract audits.

MATIC: 0x33e02851d5a084137dc69b1a02ab2eeb7b7fe2a5 (Polygon)


Ecosystems.

Deswap is a part of the following ecosystems.

Deswap Project Statement

Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.

Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.

Full Report

Deswap Safety Report

Deswap has a safety score of 1.08

Deswap is a nano cap token.

Deswap is suited to a highly speculative investment style.


Deswap Profile

This profile is missing some data needed to perform a thorough analysis. Depending on what data is missing then this could have a negative impact on the overall rating.

Missing Data:
  • project team
  • github
  • facebook
  • reddit
  • bitcointalk thread
  • tradingview profile
  • exchanges

Deswap Red Flags

There are currently no Deswap red flags.


Deswap Development Score

The link to the projects repository has not been submitted yet.


Deswap Sentiment Score

The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!

The overall sentiment is very poor indicating that this project is either not well-regarded in the community or simply no one is talking about Deswap. In general as the popularity of a project grows and as main stream awareness grows this score will go up - though only if the news is good news!
Highlights:
  • The overall sentiment is very poor

Deswap Community Score

The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Deswap?

The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.

Overall Deswap has an poor community rating, small communities can be easily manipulated and bullied (banned from telegram, deleted from discord etc) into towing the project line. If a project is new and doesnt have a big active community then in general as the project grows the community score will increase.

Highlights:
  • no reddit articles
  • poor hashtag tweets
  • no gitHub account watchers
  • no search result count

Deswap Awareness Score

The awareness score indicates how well Deswap is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Deswap is but a good measure of longevity is how well the project is known by the general public.

Overall Deswap this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.

Highlights:
  • no search result total
  • no news articles mentioning Deswap
  • no news articles directly about Deswap

Deswap Credibility Score

The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?

Highlights:
  • New project age (released Sep 5, 2021)

Deswap Volume Score

The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag

Highlights:
  • no USD 24hr volume

Red flags come in all shapes and sizes

At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.

You expect a level of transparency and professionalism from a project that is asking for your money.

There are all sorts of red flags which you should be weary of;

  • 404 (missing) websites
  • Expired SSL certs
  • Malware/Hijacked sites
  • Suspended Twitter accounts
  • Private Subreddits
  • SEC investiations

If you spot anything suspicious/resolved then please let us know.

Deswap Red flags
  • No red flags
    No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.

Deswap Exchanges
Deswap Explorers
DAW
Community Trust Score (DAW)

--/5

0 reviews
No reviews
Be the first to leave a review

No one is talking about Deswap, be the first to start the conversation.

Do you think Deswap is a scam project which will disappear in a rug pull in the next few months or do you think Deswap is here to stay?

And more importantly let us know your experience and warn others if you have noticed something suspicious.

56.25%

Complete
Profile Status

How complete is this profile:

Lots of missing data points

This profile is still waiting for the following data points

  • project team
  • github
  • facebook
  • reddit
  • bitcointalk thread
  • tradingview profile
  • exchanges
Community Signals

--/5

(no reviews)
Community Trust Score
Market Cap Rank:
5895
Voted:
--
Bulls v Bears:
neutral
Watching:
0
Trending Position:
Deswap News