Secure Transaction Practices

Understanding Transaction Security

In the world of DeFi, transaction security is paramount. Every interaction with a smart contract or token transfer needs to be approached with caution and understanding.

Transaction Verification Steps

1. Confirm the recipient address matches exactly
2. Verify the token and amount being sent
3. Check gas fees and network conditions
4. Review smart contract permissions
5. Use a hardware wallet when possible

Smart Contract Interactions

When interacting with smart contracts on DiviSwap or any DeFi platform:

• Verify the contract address matches official sources
• Understand what permissions you're granting
• Review gas limits and estimated costs
• Consider using simulation tools for complex transactions

DiviSwap Security Features

DiviSwap implements several security features to protect users:

• Automated security audits of smart contracts
• Clear transaction previews
• Slippage protection
• Price impact warnings

Best Practices for Different Transaction Types

Token Swaps

• Verify token contracts and symbols
• Check slippage tolerance settings
• Review price impact warnings
• Understand the expected output amount

Liquidity Provision

• Verify pool pair addresses
• Understand impermanent loss risks
• Check fee tiers and rewards
• Review deposit amounts carefully

Common Security Risks

Be aware of these common security risks when transacting:

• Phishing attempts
• Front-running attacks
• Smart contract vulnerabilities
• Social engineering scams