MinMax
  • Introduction
  • Risk
  • Getting Started
    • Connecting Metamask to IoTeX
    • Tutorial: 1- Swapping Tokens
    • Tutorial: 2-Swapping Tokens
    • Tutorial: Providing Liquidity
    • Tutorial: Withdrawing Liquidity
    • Tutorial: Farming
  • How to Bridge to IoTeX
  • Fundamentals
    • Tokenomics MAX
    • Contract Address
  • Protocol Governance
    • MAX Staked/Locked for veMAX
    • Increasing Lock Amount and Duration
    • Boosting APR with veMAX
    • Boost Calculator
    • Gauge Voting
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Risk

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Last updated 3 years ago

Providing liquidity to MinMax is required due diligence. Before using the protocol, we highly recommend 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 . 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.

reading the code
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