This article explains how to monitor Soroswap, the first DEX on the Soroban Blockchain within the Stellar ecosystem, using Alterscope's risk infrastructure. Alterscope provides real-time metrics on security, liquidity, development activity, audits, TVL, volume, and social engagement for informed DeFi risk management. Soroswap, developed by Palta Labs, offers fast, low-cost token swaps with strong security features including audits by OtterSec and Runtime Verification.
Alterscope is a real-time risk monitoring tool for DeFi protocols like Soroswap Finance, analyzing metrics across chains including those in the Stellar ecosystem. It offers score charts, general security parameters showing no hacks and team transparency, development activity graphs, and details on audits by OtterSec (Dec 2023) and Runtime Verification (Aug 2024). The liquidity section tracks TVL, 24-hour volume, fees, and market stability, while the social section measures community engagement. Soroswap is the pioneering DEX on Soroban Blockchain, developed by Palta Labs as an open-source, censorship-resistant platform for efficient token swaps. The article invites users to explore Soroswap and use Alterscope for better decision-making in DeFi.
