Decentralized Exchange / illustrative case
Ardent Exchange
A concentrated-liquidity exchange with permissionless pools, routed swaps and protocol-level fee collection.
Component architecture
Swap RouterPool FactoryAMM PoolsPosition ManagerFee Collector
Research scope
Assessment boundaries.
AMM pricing
Liquidity accounting
Fee distribution
Reentrancy
MEV exposure
Risk classification
Low-liquidity pricingMedium
ReentrancyLow
MEV exposureMedium
Assessment timeline
From architecture freeze to verified remediation.
W1
Scope and architecture freeze
W2
Manual and adversarial assessment
W3
Preliminary findings workshop
W4
Remediation implementation
W5
Correction verification
Remediation status: verified