Paraswap is a decentralized exchange aggregator that provides users with access to liquidity from multiple decentralized exchanges (DEXs) in a single platform. The platform is designed to help traders achieve better prices, minimize slippage, and access a broader range of trading pairs by aggregating liquidity from different sources. Paraswap uses smart order routing technology to execute trades at the best possible prices across multiple exchanges, enabling traders to achieve better prices and lower trading fees. The platform also supports trading across multiple blockchain networks, including Ethereum, Binance Smart Chain, and Polygon, providing access to a wider range of tokens and trading pairs. Paraswap is built on the blockchain technology, which ensures transparency and security in trading. The platform takes security seriously and implements multiple measures to protect user funds, including 2FA, cold storage, and smart contract audits.

What are the core features of Paraswap?

• Aggregation: Paraswap aggregates liquidity from multiple decentralized exchanges (DEXs) into a single platform, providing traders with access to a wider pool of liquidity.
• Best price execution: Paraswap uses smart order routing technology to execute trades at the best possible prices across multiple exchanges. This helps traders to achieve better prices and minimize slippage.
• Cross-chain support: Paraswap supports trading across multiple blockchain networks, including Ethereum, Binance Smart Chain, and Polygon. This enables traders to access a wider range of tokens and trading pairs.
• Low fees: Paraswap charges low transaction fees compared to traditional centralized exchanges, making it an attractive option for traders looking to save on fees.
• User-friendly interface: Paraswap’s interface is user-friendly and easy to use, making it accessible to both novice and experienced traders.
• Security: Paraswap takes security seriously and implements multiple measures to protect user funds, including 2FA, cold storage, and smart contract audits.
• Liquidity mining: Paraswap offers liquidity mining incentives to traders who provide liquidity to the platform, incentivizing users to contribute to the platform’s liquidity pool.

What is the native token of Paraswap?

PSP is a governance token associated with a new decentralized autonomous organization (DAO) called “Paraswap DAO”. The DAO is designed to provide governance and decision-making capabilities for the development and growth of the Paraswap ecosystem. As a governance token, PSP holders have the ability to vote on proposals related to the development and management of the Paraswap platform, including decisions related to future token issuance, incentives, and other aspects of the platform’s operations.