ParaSwap is a prominent DeFi aggregator, integrating decentralized exchange and lending liquidity More
| Fully Diluted Valuation | $40.46M |
|---|---|
| 24H Trading Volume | $219,417 |
| 24H Low / High | $0.02 / $ 0.02 |
| Circulating Supply | 1.55B |
| Total Supply | 1.80B |
| Max Supply | 2.00B |
| Categories | Decentralized Exchange (DEX) 10 more |
|---|---|
| Founder | Mounir Benchemled |
| Website | paraswap.medium.com 1 more |
| Socials | 4 more |
| Chains | Ethereum Ecosystem 3 more |
| Explorer | Binplorer 6 more |
| Contracts |
0xcaf....f3de5
3 more
|
| Name | Pair | OG Score |
|---|
In the rapidly evolving landscape of decentralized finance (DeFi), ParaSwap (PSP) emerges as a leading aggregator, offering users a streamlined and comprehensive interface for interacting with Ethereum's decentralized ecosystem. Launched by the ParaSwap Foundation on November 15, 2021, PSP aims to simplify and enhance the DeFi experience by aggregating data from major decentralized exchanges (DEXes) and other DeFi services.
Aggregating Decentralized Exchanges
ParaSwap acts as a gateway to the decentralized finance realm, connecting users to prominent exchanges such as Uniswap, Kyber, Curve, and the 0x network. When users input a trading pair, ParaSwap dynamically compares rates across these exchanges, ensuring that users secure the best rate available. Notably, the platform goes the extra mile by splitting orders across multiple DEXes, optimizing transactions for volume and efficiency.
Comprehensive Interface and APIs
At the core of ParaSwap's offerings is a robust API that seamlessly integrates with decentralized applications (dApps) and wallets. This integration empowers developers and users alike to access advanced charts, supporting multiple blockchains and providing a secure environment for trading. ParaSwap aims to drive DeFi participation by catering to both individual and institutional traders, backed by audits from renowned security firms and supported by leading investors in the DeFi space.
ParaSwap Edge: Simplifying the DeFi Experience
ParaSwap addresses the complexity of navigating numerous DEXes by introducing the ParaSwap Edge feature. This innovation seeks to mainstream DEXes and DeFi services, eliminating barriers and allowing users to focus on their trading strategies. By aggregating liquidity pools into a single source, ParaSwap ensures users can easily exchange assets at optimal rates, whether engaging in spot trading, limit orders, or even NFT trading.
User-Friendly Interface
ParaSwap facilitates a user-friendly experience by allowing users to connect their Ethereum wallets seamlessly. The platform's interface provides essential information, enabling users to understand estimated costs and minimum amounts for trading at any given time. Through ParaSwap, users can interact with a wide range of smart contracts, directly swapping tokens and even using the Swap & Transfer feature to pay friends in cryptocurrencies they don't own.
PSP Token: Driving Decentralization and Efficiency
At the heart of ParaSwap's ecosystem is the PSP token, designed to promote decentralization and efficiency. The token, with a maximum total supply of 2 billion, was allocated with 7.5% to existing users to foster community building. PSP token holders can stake their tokens, contributing to the network's enhancement and earning PSP rewards in return. ParaSwap sustains its operations by charging fees against successful and positive swaps.
In conclusion, ParaSwap stands out as a revolutionary DeFi aggregator, reshaping the landscape by simplifying interactions with decentralized exchanges and lending protocols. With a commitment to user-friendly interfaces, innovative features like ParaSwap Edge, and a robust PSP token ecosystem, ParaSwap is poised to play a pivotal role in driving DeFi adoption and accessibility.
ParaSwap (PSP) distinguishes itself by aggregating decentralized exchanges, optimizing transactions across platforms like Uniswap and Kyber, and introducing ParaSwap Edge to simplify DeFi, offering users the best rates and a streamlined trading experience.
The founders of ParaSwap (PSP) are the ParaSwap Foundation, the driving force behind the platform's launch on November 15, 2021, aiming to revolutionize DeFi interactions and enhance user accessibility.
ParaSwap (PSP) has garnered support from prominent investors in the DeFi space, contributing to its growth and development. Backed by leading figures in the industry, ParaSwap has positioned itself as a trusted player in the decentralized finance ecosystem.
You can buy ParaSwap (PSP) on MEXC, Gate.io, CoinEx, Uniswap V3 (Ethereum), LATOKEN cryptocurrency exchanges.
Join
OGAudit
