DYORSwap

DYORSwap is a decentralized exchange and token launchpad for EVM chains. It is not on Solana. It began as a swap app and now runs on 14 newer networks tracked by DefiLlama, including X Layer, Ink, Plasma, Blast, Arc and Stable.

Since mid-2026 it has been known mainly for its launchpad. DYOR V2 and DYOR V3 let anyone create a token and trade it at once. The busiest chain is Arc, Circle's USDC-gas network. DYOR says more than 4,200 tokens had launched there by September 14, 2026.

In September 2026 DYORSwap listed a fake "GIWA mainnet" whose bridge was drained of about 766 ETH. The team is paying users back from its own treasury.

How DYORSwap works

The swap side is a standard AMM. Liquidity providers deposit pairs of tokens into pools. Traders swap against those pools and pay a fee, which goes to the providers. Alchemy's dapp directory lists bridging between networks, yield farms, perpetual futures and a prediction market for short-term price calls in the same app at dyorswap.finance. The project has not published detailed specs for the perpetuals or the prediction market, such as leverage limits, oracles or how markets settle.

The launchpad runs on separate sites: dyorswap.org for V2 and dyorv3.org for V3. Each chain has its own contracts.

DYOR V3 launchpad: how launches and graduation work

DYOR V3 has no bonding curve. According to its docs, a new token goes straight into a Uniswap V3 pool with a 1% fee tier, so prices form on the open market from the first trade.

• Graduation is a label, not a migration. A token "graduates" when its pool balance reaches a set target: 9,000 USDC on Arc (about $36,000 market cap, per the docs), 9,000 USDT0 on Stable, 4.5 WETH on Robinhood Chain, and $9,000 worth on X Layer and HyperEVM. Nothing moves when that happens. The docs say graduation does not "migrate liquidity, change the token, unlock LP, or create another market".
• Liquidity is locked for good. Each chain's LP Vault is immutable. It can collect fees but has no owner, transfer or upgrade function, so the pool position cannot be withdrawn.
• Fees. Creators claim the USDC-side trading fees. The token-side fees go to a burn address.

The V3 docs list Robinhood Chain, Arc, Stable, X Layer and HyperEVM as deployments.

DYOR V2 launchpad and stock dividend pools

DYOR V2 launches tokens into Uniswap V2-style pools. In September 2026 the team said V2 on Arc offered "USDC and stock-paired dividend models". Under the USDC dividend model, launched on Arc on August 31, 2026, trading fees are converted into USDC and paid out to eligible token holders.

DYOR has also tied launches to tokenized stocks:

• xStocks pools on X Layer, Ink and Mantle, announced September 12, 2026.
• Stock-pool dividend tokens on Arbitrum, built with RealityFi. At launch these supported HOOD, AAPL and SPCX, per a September 15 post.

The project has not published documentation on how these dividend payouts are calculated or who holds the underlying stock tokens.

DYORSwap on Arc

Arc is where DYOR is busiest. The team says it supported Arc's testnet from May 2026 and deployed on mainnet on June 11, before the public launch. It calls itself "the first dApp on Arc Mainnet", which is a self-reported claim. Arc's public mainnet opened on September 16, 2026, and DYOR went live there with both V2 and V3.

By mid-September DYOR said its Arc tokens were tradable through OKX Wallet, Bitget Wallet and KuCoin Web3 Wallet, the trading bots GMGN, DeBot and BasedBot, and the GeckoTerminal and Fomo apps. In early September it said two Arc tokens launched through DYOR, Architects and Arcat, had each passed $1 million in peak market cap.

DYOR also funds buybacks on Arc. At the request of the creators of Architects and Builders, their creator fees are now used to buy back and burn those tokens. The V3 site says part of the platform's fees goes to an ecosystem treasury that may support "standout CTO teams and high-quality IP projects". CTO means community takeover: a community taking over a token its creator has abandoned.

Is DYORSwap safe? Risks and the GIWA fake bridge incident

The GIWA incident (September 2026). GIWA is an Ethereum layer 2 being built by Dunamu, the company behind Upbit. On September 27, 2026, DYORSwap listed a network presented as GIWA mainnet, even though the real GIWA had not launched. The fake chain used GIWA's real chain ID (9134), and DYOR said that is why it passed the team's checks. Cointelegraph reported that 1,335 addresses deposited about 767.65 ETH into the fake bridge and the attackers drained about 766.25 ETH. DYOR said its own contracts were not compromised.

The team promised compensation from its treasury. It then set the terms: 40% of the bridged amount for addresses that bridged less than 5 ETH, with larger addresses reviewed one by one. KuCoin News reported that DYOR had paid out more than 200 ETH by September 28. Most affected users still lost the majority of what they bridged. The V3 docs still listed GIWA among its chains when we checked in October 2026, so check any RPC or bridge against the chain's own official channels.

No public audit. We found no third-party audit of DYORSwap's AMM, launchpad or bridge contracts. The V3 docs and DefiLlama list none.

Upgradeable contracts. The V3 docs say the Factory and Fee Locker are upgradeable (UUPS) proxies on every chain, but they don't say who holds the upgrade key: a multisig or a single wallet. Only the LP Vault and, on most chains, the token contracts are immutable. Robinhood Chain tokens use upgradeable beacon proxies.

Anonymous team, platform discretion. The founders have not been publicly named. In a September 2026 dispute over the Architects token, DYOR decided for itself whether creator fees could move to a takeover team. It said a community vote would settle such cases once its CTO system goes live.

Launch risk. As on any permissionless launchpad, most tokens are thinly traded memecoins. The V3 docs warn that "locked liquidity is not a guarantee of quality, distribution, demand, or profit".

Who DYORSwap is for

DYORSwap suits EVM traders and token creators who want to be early on new chains, above all Arc. Creators get locked liquidity, a USDC fee stream or a stock-backed dividend token. Traders on new chains with few other DEXs may find pools here first.

It is not for Solana users: there is no Solana version. It is also a poor fit if you need audited contracts, a named team or deep liquidity. Bridge only through official links. Expect the team to make its own calls on creator fees.

DYORSwap alternatives

On the same EVM chains, the obvious alternatives are Uniswap and its forks for swaps and liquidity. On Arc, Bitget Wallet's Portuguese account named five other Arc launchpads alongside DYOR ahead of mainnet.

For Solana, the launchpads category lists the main token launch platforms. If you want to mint a plain SPL token without a bonding curve or launchpad, we run a token tool on Solana Compass (disclosure: it is our product).

DYORSwap token and team

We found no official DYORSwap documentation for a platform token. DefiLlama links a DYOR token contract on Mode, but the CoinGecko listing it points to is for an unrelated BNB Chain project, so treat any "DYOR token" with caution. DYORSwap's founders are anonymous. The X account @DYORSWAPDEX is the main channel for updates. DefiLlama describes DYORSwap's first deployment as a "decentralized exchange on Mode Mainnet".