HumbleSwap aims to make DeFi safe for everyone, launches today

PR.Dept
2 Min Read

Boston, March 29 — HumbleSwap is on a mission to make the decentralized finance (DeFi) world safer and accessible to everyone. Humble Swap is a new, decentralized exchange (DEX) that has passed stringent security assessments to ensure customer funds’ safety.

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In preparation for the launch, Chris Swenor, Reach co-founder and CEO said, “We engaged with Kudelski Security to perform an audit for the HumbleSwap smart contract. The assessment tested the code developed on the Reach platform, focusing on the overall security and risks within the code environment.

“The Kudelski Security findings during the audit triggered no changes, risks or overall security warnings — not even at a low-risk level — pointing out that Humble Swap contains no backdoor or vulnerability available to exploit. As a result, Humble received only one piece of feedback at the informational level.”

Sandeep Kaur, director of DeFi at Humble, said, “This proves that Humble Swap is one of the securest DEXs in the crypto market, providing the highest degree of protection for the assets of customers and investors.”

HumbleSwap is secure because it uses the Reach blockchain programming language — the safest way to write blockchain apps.

Launching on the Algorand network, Humble is part of a growing set of DeFi products on its innovative blockchain.

Daniel Oon, head of DeFi at Algorand Foundation, said, “HumbleSwap serves an important function in the Algorand DeFi ecosystem. DEXs are the main gateway to how our users transact and obtain Algorant Standard Assets on Algorand.”

HumbleSwap launched on March 28.

For a copy of the full audit from Kudelski Security, visit here.

About Humble DeFi

Humble DeFi is on a mission to make DeFi accessible to everyone by creating safe, easy-to-use and powerful DeFi products. It is starting with HumbleSwap, a DEX built with Reach, and a faster, safer and simpler way to build decentralized apps.

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