mySwap CL Review 2026: Starknet AMM and risks

mySwap CL is a concentrated-liquidity automated market maker on Starknet. Its documented incentive program awarded points based on LP fees earned in eligible pools, then distributed STRK rewards in proportion to participants' points.

The rules list seven eligible pair types, but the page was last updated two years ago. It does not establish whether the program or listed pools are currently active. A June 2026 report says an exploit drained about $300,000 from mySwap CL liquidity pools; the incident's scope and resolution are unclear.

mySwap CL is an automated market maker (AMM), where users swap against token pools rather than matching with a buyer or seller directly. In a concentrated-liquidity AMM, liquidity providers choose a price range for their assets. Their liquidity can earn fees when trades use it, but a position may become inactive if the market price moves outside its range, and price changes can leave providers with a different asset mix than if they had simply held their tokens.

The incentive rules describe a separate STRK reward program. For each batch, eligible pool fees were converted to a USD value and multiplied by 100 to calculate points. A participant's share of the batch's STRK allocation was proportional to their points. The rules do not state the actual reward amount for each batch, and the page's last update was two years ago, so confirm that the program and its terms still apply.

Trading fee rates and any other mySwap charges are not published in the project materials described here. The incentive rules refer to LP fees earned, but do not state the fee rates. Check the current swap or position interface for applicable fees before transacting.

A June 2026 report says an exploit drained about $300,000 from mySwap CL liquidity pools. The incident's scope, response, and recovery status are unclear. Audit information is not published in the project materials described here, so users should not assume the contracts have been independently audited.

Liquidity providers face smart-contract risk as well as losses from price movements and concentrated-liquidity ranges. Team and licensing details are not published. Only interact with current official channels, and verify the status of affected pools before considering a deposit.

mySwap CL is for experienced Starknet users who understand pool liquidity, position ranges, and the risks of impermanent loss. It is a poor fit for anyone relying on the old incentive rules as proof that rewards are still active or looking for a clearly documented security record.