ParaSwap is a decentralized finance aggregator that consolidates liquidity from over 100 decentralized exchanges and lending protocols, enabling users to execute trades at optimal prices across multiple blockchains. The platform addresses the fragmentation of liquidity in crypto markets by providing a secure interface and robust APIs for both individual and institutional traders.
Funding
Funding not disclosed
Founders
Product
Problem
The decentralized finance (DeFi) landscape suffers from fragmented liquidity across numerous decentralized exchanges (DEXs) and lending protocols, making it difficult for users to find the best prices and execution for their trades. This fragmentation leads to increased slippage, higher transaction costs, and a less efficient trading experience.
Solution
Velora is an intent-based trading protocol that aggregates liquidity from over 160 sources across multiple blockchains, providing users with optimized prices and execution for their token swaps. By integrating with a wide range of DEXs and market makers, Velora identifies the most efficient trading routes and offers advanced features such as cross-chain swaps and limit orders. The protocol's Delta feature minimizes MEV risks and abstracts gas costs through an agent-based execution model, where settlement agents compete to deliver the best possible execution. Velora's on-chain Request for Quotes (RFQ) system aggregates real-time quotes from KYC-validated market makers, ensuring competitive pricing for all users.
Target Audience
Velora targets both individual and institutional DeFi traders seeking optimized prices, reduced slippage, and advanced trading features, as well as developers looking to integrate a comprehensive DeFi trading solution into their applications.
Features
- Aggregates liquidity from over 160 decentralized exchanges and lending protocols across multiple chains (Ethereum, Binance Smart Chain, Avalanche, Polygon, Gnosis, Arbitrum, Optimism, Base, zkEVM, and more)
- Supports cross-chain swaps, enabling users to trade tokens across different blockchains in a single transaction
- Offers limit orders, allowing users to set desired prices for their trades
- Features Delta, an advanced execution method that minimizes MEV risks and abstracts gas costs
- Utilizes an on-chain RFQ system to aggregate real-time quotes from KYC-validated market makers
- Provides a robust API for seamless integration into dApps and wallets
- Includes advanced charting tools for market analysis
- Offers a yield optimizer to improve lending rates on lending protocols
- Undergoes regular security audits by renowned firms (Hacken, Certora, Peckshield)