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RskSwap Review: Is This Rootstock DEX Worth Using?

RskSwap is a Uniswap-style decentralized exchange for swapping ERC-20 tokens on Rootstock. Its basic purpose is clear, but check the exact swap costs and the audit details before you trade.

By the SkyBitcoins review team · Updated

SkyBitcoins rating

Quick take

RskSwap may suit you if you already use Rootstock and want to swap ERC-20 tokens through an automated market maker. Its Uniswap-style design avoids a central exchange, but the project does not publish an exact swap fee and the three listed audit entries lack identifying details. Before connecting a wallet, confirm the app and token contracts, check pool liquidity and keep RBTC available for gas.

Ratings

How RskSwap rates

Trust
4.0/10
Track record, licensing, audits and how your funds are held.
Value
5.0/10
Fees, odds, rewards and bonuses: what you get for your money.
Usability
5.0/10
How easy it is to sign up, deposit, play or trade, and withdraw.
Transparency
4.0/10
How clearly the team, terms, fees and risks are disclosed.

Ratings run from 0 to 10 and use only facts we could check. Where the information isn't public we show n/a instead of guessing.

At a glance

RskSwap key facts

RskSwap key facts
TypeDecentralized exchange (Uniswap-style AMM)
NetworkRootstock (RSK)
AssetsERC-20 tokens
TokenNo project token listed
Audits3 entries listed; details unspecified
Tracked sinceOctober 2021
Value locked$46.1K−10.2% 7d
Updated

Is it for you?

Who RskSwap suits

Good for

  • Rootstock users swapping ERC-20 tokens without a centralized exchange
  • Experienced DeFi users who can check token contracts, slippage and pool liquidity

Not for

  • People who need published, itemized swap fees before trading
  • Users who want independently verifiable audit reports or clear information about the team
  • Anyone looking for a multi-chain exchange rather than a Rootstock-only DEX

What can you swap on RskSwap?

RskSwap is a decentralized exchange built as a Uniswap-style automated market maker for Rootstock, also known as RSK. You can use it to swap supported ERC-20 tokens on that network. Rather than matching your order with another trader through a central order book, an AMM executes trades against token pools. The pool’s token balance helps determine the price, so a large trade relative to the pool can move the price against you.

This is a narrow, single-network use case: RskSwap is for assets on Rootstock, not a general-purpose bridge or multi-chain exchange. Check that the token you want is supported and verify its contract address before trading; similarly named or fake tokens can exist on public networks. A token being available to swap does not by itself establish that it is legitimate or liquid. RskSwap lists no project token, so there is no platform token to buy or hold as part of using the exchange.

What will a RskSwap trade cost you?

RskSwap does not publish an exact swap fee in the project details. That means you should check the transaction quote in the app before confirming, rather than assume a fee based on another Uniswap fork. The amount you receive can also differ from the displayed estimate because of slippage, especially when a pool is shallow or your trade is large relative to its liquidity.

You will also need to pay Rootstock network gas for an on-chain swap, typically using RBTC. Gas is separate from any exchange fee and can vary with network conditions. The app’s fee split, any liquidity-provider fee rate and the way those charges are shown are not specified. Before you approve a transaction, compare the quoted output with the amount you expect, set a slippage limit you understand and check the token and network in your wallet. If the quote is poor or the pool appears thin, do not proceed just to complete the trade.

How much confidence should you place in RskSwap?

RskSwap is non-custodial in the usual AMM model: you connect a wallet and authorize transactions rather than depositing funds into a centralized exchange account. That does not remove risk. A swap interacts with smart contracts, and token contracts can have their own risks; a mistaken approval or malicious token can put funds at risk. Review wallet prompts carefully and avoid approving more than you intend.

Three audit entries are listed for RskSwap, but their names, scope and dates are not specified. Without those details, you cannot tell which contracts were examined, whether the deployed contracts match the audited versions, or whether issues were later fixed. The project’s licensing status, team details and security incident history are also not published. Treat the audits as a reason to investigate further, not as proof that funds are safe. Start with a small trade and only use funds you can afford to lose.

What wallet and network do you need?

To use RskSwap, you need a wallet configured for Rootstock and a balance of RBTC to cover transaction gas. The app provides a wallet-connection flow, but it does not publish a definitive list of supported wallets. Confirm that your wallet is on the Rootstock network before approving a transaction; a token balance on another chain will not automatically be available for an RSK swap.

The exchange runs through blockchain transactions, so completion depends on Rootstock and your wallet’s transaction handling. No measured transaction speeds or mobile-app details are published. You can use a compatible mobile wallet if it supports the network and the app’s connection method, but confirm that compatibility before moving funds. If you are new to Rootstock, first learn how you will obtain and hold RBTC, then test the connection and token details without committing a large amount. Keep your recovery phrase private and never enter it into a swap page.

When should you choose another exchange?

RskSwap’s main limitation is the lack of detail users need to compare it confidently with other ways to trade. The exact swap fee is not published, supported wallets are not clearly listed, and the three audit entries cannot be assessed without names, dates and scopes. The project also does not publish team or licensing details. Those gaps make it harder to evaluate both operational reliability and the total cost of a trade.

The exchange is also limited to Rootstock assets, so it will not help if your tokens are on another network unless you separately arrange a suitable transfer. Pool liquidity matters: a trade in a thin pool may have high price impact or fail your slippage settings. Check liquidity and the quoted output for each trade, rather than relying on the exchange’s general description. If you require clear fees, detailed security documentation or a broader network selection, choose a provider that publishes those details and fits your needs.

5 steps

How to start with RskSwap

  1. 1

    Confirm that RskSwap is the app you intend to use and that your wallet supports Rootstock.

  2. 2

    Set your wallet to Rootstock and keep enough RBTC for network gas.

  3. 3

    Check the token contract address and the pool’s liquidity before choosing a trade.

  4. 4

    Review the quoted output, slippage setting and any fee shown in the app before approving.

  5. 5

    Start with a small transaction, then confirm the result in your wallet before trading more.

RskSwap FAQs

What is RskSwap?

RskSwap is a decentralized exchange adapted from Uniswap for the Rootstock network. It uses an automated market maker model to swap ERC-20 tokens.

What fees does RskSwap charge?

RskSwap’s exact swap fee is not published. You also pay Rootstock network gas, and the final amount can be affected by slippage and the available liquidity in the pool.

How do I use RskSwap?

You need a wallet that supports Rootstock and enough RBTC to pay network gas. The app offers wallet connection, but the supported wallet list is not published.

Is RskSwap audited and safe?

Three audit entries are listed, but their names, scope and dates are not specified. That makes it hard to judge how much assurance they provide; smart-contract and token risks remain.

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How we checked

Sources

  1. defillama.com/protocol/rskswap(opens in a new tab)

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