SithSwap Review 2026: Stableswap DEX on Starknet

SithSwap is a decentralized exchange on Starknet, the Ethereum layer-2 network. It describes itself as an advanced, composable and permissionless stableswap protocol where users trade correlated and uncorrelated assets with dynamic fees and very low slippage.

The project has been around since an alpha testnet in August 2022, and a DeFi data tracker lists it since March 2023. It has a token, SITH, and two audits are listed in that tracker. Starknet Foundation and the AVNU aggregator have both referenced it, which points to some ecosystem recognition.

It is small. Total value locked is about $172,500, with a 7-day change of roughly +0.8%. One market tracker reports daily spot volume of a few thousand dollars against about $166,000 in liquidity. That makes it a niche venue rather than a main liquidity hub on Starknet.

SithSwap is an automated market maker. Instead of an order book, traders swap against liquidity pools funded by users, who earn a share of trading fees in return. Prices come from a formula applied to the pool balances.

A stableswap formula is designed for assets that should trade near the same price, such as two dollar stablecoins. It keeps the price flatter around parity than a standard constant-product pool, so a trade of a given size loses less to slippage. SithSwap says it also handles uncorrelated assets and adjusts fees dynamically.

The contracts are permissionless and composable. Other contracts and aggregators can plug into the pools, which is how AVNU routes trades through SithSwap liquidity on Starknet.

SithSwap describes its fees as dynamic and close to zero, but it does not publish a fixed fee table in the sources reviewed. The split between liquidity providers and the protocol is also not stated.

Users should check the fee and price impact shown in the swap interface before confirming. Starknet network gas fees apply on top and are paid from your wallet.

Two audits are listed for SithSwap in a DeFi data tracker, but the auditors and reports are not named in the sources reviewed. The team and any bug bounty are also not described. Audits lower smart-contract risk but do not remove it.

As a non-custodial DEX, you keep your tokens in your own wallet until you swap or deposit them into a pool. Liquidity providers face impermanent loss and smart-contract risk, and Starknet itself is a newer network with its own technical risks. Small pools can also be more exposed to price manipulation. Check token contract addresses carefully before trading.

SithSwap is for Starknet users comfortable with DeFi who want to swap stablecoins or correlated assets with low slippage, and for liquidity providers willing to accept small-pool and smart-contract risk. It is a poor fit for large traders who need deep liquidity, or for beginners who have not yet bridged assets to Starknet.