Risk

Providing liquidity to MinMax is required due diligence. Before using the protocol, we highly recommend reading the code and understanding the risks involved with being a Liquidity Provider (LP) and/or using the AMM to trade pegged value crypto assets.

Audits

The MinMax smart contracts were built on top of Saddle which were audited by OpenZeppelin, Quantstamp, and Certik. Please keep in mind that security audits don’t completely eliminate risks. Do not supply assets that you cannot afford to lose to Saddle as a liquidity provider. Using MinMax as an exchange user should be significantly less risky, but keep in mind there are still risks.

Permanent loss of a peg

If one of the assets in a pool significantly depegs, it will effectively mean that pool liquidity providers will be left holding only that asset.

Reset token approval to 0 when having partial approval beforehand.

As some tokens (eg. USDT) do not comply to ERC20 standards for `approve` function, when using limited approvals, you may have to reset the approvals to 0 before changing to another value. If gas usage is your concern, we recommend using unlimited approvals. Otherwise, we recommend using limited approvals for added security.