ParaSwap Enhances Security and Trading Experience with Augustus V6.1 Upgrade
ParaSwap Enhances Security and Trading Experience with Augustus V6.1 Upgrade
🚀 Secure Trading Upgrade
ParaSwap, a decentralized finance (DeFi) middleware and aggregator, has announced the release of Augustus V6.1, a significant upgrade to its platform. The new version has undergone rigorous security audits and formal verification by leading security firms, including Certora, Hexens, PeckShield, HackenClub, and AstraSecAI, confirming its adherence to the highest security standards. ParaSwap is also the first DEX aggregator to be formally verified by Certora. The upgrade introduces several security enhancements, such as a pausable feature for accelerated threat response, and a timelock for admin actions to prevent instant changes. Additionally, Augustus V6.1 delivers improved gas efficiency, integration scalability, and an enhanced trading experience by reducing trade reversals and increasing reliability. ParaSwap has also teased upcoming updates, including enhancements to the fee-claiming mechanism, handover of V6.1 contracts to the DAO, and bolstered MEV resistance with the help of Portikus.
PIP-60: Project Miro Token & Staking Expansion to Base Network
ParaSwap has launched PIP-60, a proposal to expand Project Miro's ecosystem to the Base network. The initiative includes: - Deployment of new token on Base - Enhanced staking capabilities - Expanded liquidity options - Cross-chain migration system @0xLaita is developing an intent-based migration tool to enable seamless asset transfers between chains. This expansion aims to improve accessibility and liquidity for both existing and new users. [Vote on the proposal](https://snapshot.box/#/s:paraswap-dao.eth) [Learn more about PIP-60](https://gov.paraswap.network/t/pip-60-expansion-of-project-miro-token-and-staking-system-to-base/2098)
ParaSwap Announces Epoch 22 Rewards and Milestone
ParaSwap has released Epoch 22 rewards for $PSP stakers: - 24.9 ETH distributed to 4,500 $PSP stakers - 623,000 sePSP1 refunded via Gas Refund Program ParaSwap Delta has reached a significant milestone: - Processed volume surpassed $220 million **Key Points:** - Rewards are now available for claiming - Claim rewards at https://app.paraswap.xyz/#/earn/ - ParaSwap anticipates continued growth Stakers are encouraged to claim their rewards and stay tuned for future developments as ParaSwap continues to expand its services and reach new milestones.
ParaSwap Integrates MakerDAO Lite PSM
ParaSwap has integrated MakerDAO's Lite Peg Stability Module (PSM) in preparation for MakerDAO's Endgame launch. This integration allows ParaSwap users to benefit from reduced gas costs when swapping between DAI and USDC. The Lite PSM is an evolution of the original PSM, designed to improve efficiency and reduce costs. Key features include: - Self-custody functionality - Improved gas efficiency - Fee flexibility for authorized parties The migration to Lite PSM will occur in three phases, aiming to maintain DAI peg stability, minimize impact on existing integrations, and maximize stablecoin reserve rewards. Users can track LitePSM data in real-time using dedicated dashboards.
ParaSwap Launches New Activity Page
ParaSwap has introduced a new Activity Page that allows users to monitor their on-chain transactions across all networks supported by the platform. The page provides comprehensive tracking of swaps, tokens, gas refunds, and other related activities. This feature is now available for immediate use, offering users a centralized location to view and manage their ParaSwap-related activities.
Augustus V6.1 Achieves Significant Transaction Volume in First 32 Hours
Augustus V6.1, a decentralized finance (DeFi) platform, has processed over $5.53 million in transaction volume through more than 780 transactions within the first 32 hours of its launch. Users can track the performance of Augustus V6.1 using the dedicated analytics dashboard provided by the platform.