Please describe your proposed solution.
Cardax is developing an open-source decentralized exchange on Cardano. The goal of the project is to allow anyone to trade Cardano native tokens and ADA in a non-custodian way.
Full on-chain code security audit of our smart contracts from the team at Tweag: https://www.tweag.io
Please describe how your proposed solution will address the Challenge that you have submitted it in.
DeFi is one of the most interesting applications for Dapps deployed on the Cardano network. We will address this challenge by making our DeFi application (a decentralized exchange) secure by providing a 3rd party audit of our-chain code.
Relevant Experience
Cardax B.V. is a software development company with focus on decentralized applications (Dapps) and Decentralized Finance (DeFi). We are the designers, builders and maintainers of the Cardax DEX. Our team is composed of experienced Haskell developers and security auditing experts.
Tweag is a software innovation lab that helps deep tech startups quickly scale their engineering performance and execute on high-risk, high-reward projects with confidence. We find the best wherever they live, to build better software by applying mathematics, computer science and the methods of open source.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
The main risk is that the team of auditors could take longer than expected given that the fact this will be their first audit of Plutarch code. Nevertheless, the delay would not be more than two weeks.