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SaucerSwap V1 Review 2026: Hedera's Original AMM

SaucerSwap V1 is the original automated market maker on Hedera, offering token swaps, liquidity pools and SAUCE staking. It has been live since 2022 and publishes audits, but its TVL is modest at about 7.7 million USD.

Hedera

By the DappsAtlas editorial team · Updated Nov 4, 2026

DappsAtlas score

7.2/10

Good

Visit SaucerSwap V1

Our verdict on SaucerSwap V1

7.2/10

SaucerSwap V1 suits users already active on Hedera who want self-custody swaps, liquidity pools and SAUCE staking from a DEX that has been live since 2022. Its strengths are the published audits, open-source code and on-chain transparency around SAUCE supply. The main caveat is size: TVL is about 7.7 million USD and the V1 listing is only part of a platform that has moved toward newer versions. Fees are not published publicly, and AMM liquidity provision carries impermanent loss.

Score breakdown

How SaucerSwap V1 scores

Security: 7.5/10
Ease of use: 7.0/10
Fees: n/a
Features: 7.5/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is SaucerSwap V1?

SaucerSwap V1 is an automated market maker on Hedera. DefiLlama describes it as a protocol that uses the Hedera Smart Contract Service to bring Solidity contracts together with the Hedera Token Service. It has been listed since August 2022.

The homepage presents SaucerSwap as the Hedera-native DEX, with swaps, limit orders, liquidity pools, SAUCE staking, a bridge section, governance and a public API. The V1 listing tracks about 7.7 million USD in TVL, down 4.4% over seven days.

The site stresses transparency: open-source code, a list of audits, independent market data via GeckoTerminal, and on-chain verification links for SAUCE supply and burns. This review is based on that published material and has not involved hands-on testing.

How SaucerSwap V1 works

SaucerSwap V1 is an automated market maker. Instead of matching buyers and sellers, it uses pools of two tokens. A trader swaps one token for the other against the pool, and the price shifts according to the pool's ratio.

Liquidity providers fund these pools and receive a share of the trading activity. The protocol runs on the Hedera Smart Contract Service, which allows Solidity contracts to work with the Hedera Token Service.

SAUCE is the protocol token. The homepage describes scheduled emissions through a MasterChef contract and a 1 billion cap. Staked SAUCE becomes xSAUCE, which receives buyback distributions. Under the current phase, the homepage lists 40% to xSAUCE, 30% to a Dev Fund, 10% to burn and 20% to a protocol-owned liquidity and incentive reserve.

6 features

Key features

Token swaps

Swap tokens on Hedera through an automated market maker that uses Hedera Token Service assets with Solidity smart contracts.

Liquidity pools

Users deposit token pairs into pools and earn a share of trading activity. The homepage lists Pool as one of its main sections.

SAUCE staking

The homepage describes SAUCE staking for xSAUCE, with buyback distributions and scheduled emissions shown on the site.

Order book and API

The site mentions limit orders and an order book alongside swaps, plus a public read-only Orderbook API for developers.

Open source and audits

The homepage links to open-source code from SaucerSwap Labs and to a list of published audits.

Mobile app

The homepage describes a mobile app for portfolio monitoring, managing SAUCE and exploring Hedera.

Pros and cons

What we like

Native to Hedera, with self-custody and a tool built around the Hedera Token Service.
Live since 2022, giving it a multi-year track record on the network.
Publishes audits from Hacken, Omniscia, Quantstamp and Halborn, with V1 core and staking audited by Hacken in 2022.
Open-source code and on-chain links to verify SAUCE supply, burns and emissions.
Offers swaps, pools, staking, limit orders and a public API in one place.

Watch out for

TVL of about 7.7 million USD is small next to the large DEXs on other chains, and it fell 4.4% over the past 7 days.
The listing is for V1 only; SaucerSwap's newer V2 and V3 contracts are separate, so this page covers only part of the platform.
It runs on a single chain, Hedera, so users need a Hedera wallet and HBAR for network fees.
The SAUCE emission and buyback system is fairly complex, with phased changes to emissions and distribution that newcomers may find hard to follow.
Like all AMM liquidity provision, providing liquidity carries impermanent loss and smart-contract risk.
The homepage notes a UK disclaimer, and the project does not describe other regional restrictions, so users must check their local rules.

SaucerSwap V1 fees

Fee levels for SaucerSwap V1 are not stated publicly available. Swap fees, pool fees and any staking or bridge costs would be shown in the app before a transaction is confirmed.

Users also pay Hedera network fees, which are separate from the protocol's own fees. Check the quote screen for the exact amounts.

Is SaucerSwap V1 safe?

The homepage lists published audits: Hacken (July 2022) covering the V1 core, MasterChef and staking; Omniscia (September 2023) on the V2 core; Quantstamp (July 2025) on the wallet app; and Halborn (May 2026) on the V3 contracts. DefiLlama lists 2 audits for V1. The code is described as open source. These help, but they do not guarantee against bugs, and public sources report no incidents either way.

Users keep custody through their own wallet, so the main risks are smart-contract risk, impermanent loss for liquidity providers, token price volatility and wallet security. The homepage carries a disclaimer for UK residents saying the app is a tool and not a recommendation to trade cryptoassets. Check the rules where you live before using it.

6 steps

How to get started with SaucerSwap V1

1
Install a Hedera-compatible wallet and fund it with HBAR to cover network fees.
2
Open the official SaucerSwap site and read the disclaimer, including the UK residents notice.
3
Connect your wallet using the Connect button.
4
Associate any new token with your Hedera account if the wallet asks, then use the Swap section for a small first trade.
5
To provide liquidity, open Pool, pick a pair and review the risks of impermanent loss before depositing.
6
To stake, use the Stake section to convert SAUCE into xSAUCE and review the current APR shown there.

Open SaucerSwap V1

Who SaucerSwap V1 is for

SaucerSwap V1 is for Hedera users who want to swap tokens, provide liquidity or stake SAUCE without handing custody to an exchange. It also suits developers who want to use the public API. Complete beginners should start with small amounts and learn how pools and impermanent loss work first.

SaucerSwap V1 FAQs

What is SaucerSwap V1?

SaucerSwap V1 is the first version of SaucerSwap, an automated market maker on the Hedera network. Users swap tokens and provide liquidity to pools directly from their own wallets. The newer V2 and V3 versions add concentrated liquidity.

Which blockchain does SaucerSwap V1 run on?

DefiLlama lists SaucerSwap V1 on Hedera only. The project does not mention any other supported network.

What is the SAUCE token used for?

SAUCE is the protocol's native token. The homepage describes it as being used in staking (xSAUCE), with a 1 billion supply cap, scheduled emissions through a MasterChef contract, and burns. The project does not give price or return figures.

Has SaucerSwap been audited?

The homepage lists published audits: Hacken in July 2022 for the V1 core, MasterChef and staking, Omniscia in September 2023 for the V2 core, Quantstamp in July 2025 for the wallet app, and Halborn in May 2026 for the V3 contracts. DefiLlama lists 2 audits for V1. An audit lowers risk but does not remove it.

Do I need to give up custody of my funds?

The homepage says trading is self-custody, so you keep your tokens in your own wallet and connect it to the app. The exact wallets supported are not listed publicly.

What fees does SaucerSwap charge?

The project does not publish fee tiers or percentages for V1. Users would see swap fees and network costs in the app before confirming a trade.

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