ParaSwap
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ParaSwap is a DeFi middleware and aggregator that unites the liquidity of decentralized exchanges and lending protocols into one comprehensive and secure interface and APIs while offering the best route to exchange any asset for another.
By aggregating all these pools into one source, users can either exchange for the best rates using an interface, or use APIs to incorporate the best rates and liquidity into any project. Be it spot trading, limit orders, or even NFT trading, ParaSwap provides the essential gateway to the best liquidity!
VLR Token Launched, PSP Deprecated
Velora launched the VLR governance token to replace PSP at a 1:1 migration ratio on Base, immediately terminating PSP's governance, staking, and rewards utility, and completing Project Miró — the DAO-led token and brand overhaul.
ParaSwap Rebrands to Velora and Launches Delta v2.5
ParaSwap officially rebranded to Velora, transitioning from a DEX aggregator to a full intent-based crosschain trading protocol, and shipped the Delta v2.5 upgrade with enhanced execution flexibility.
DAO Votes to Return Bybit Hack Fees in Closest Vote in Its History
ParaSwap DAO passed PIP-59, voting to return approximately $100,000 in fees collected from swaps linked to the Lazarus Group's Bybit hack, with 49.56% in favor versus 49.54% against — the narrowest vote in the DAO's history.
ParaSwap Delta Intent-Based Protocol Launched
ParaSwap launched Delta, an intent-based trading protocol designed to mitigate MEV attacks by allowing users to declare desired outcomes instead of exposing raw transactions to the mempool, with AI agents competing for optimal execution.
Augustus V6 Critical Vulnerability Discovered and White-Hacked
A critical vulnerability was found in the newly deployed Augustus V6 contract. ParaSwap paused the V6 API, executed a white-hat hack to secure at-risk user funds, and reverted to V5. Approximately $24,000 was stolen across four addresses before mitigation.
ParaSwap Augustus V6 Announced
ParaSwap unveiled Augustus V6, a major smart contract upgrade delivering the most gas-efficient aggregation in the ecosystem and laying groundwork for a future decentralized intents-based architecture.
PSP Governance Token Launched with Retroactive Airdrop
ParaSwap launched its PSP governance token with a total supply of 2 billion tokens, airdropping 150 million PSP (7.5% of supply) to approximately 20,000 active early users based on an October 8 snapshot.
$2.7M Seed Funding Round Closed
ParaSwap raised $2.7 million in seed funding from 32 investors including Blockchain Capital, Alameda Research, CoinGecko, and Arrington XRP Capital to scale its DEX aggregation infrastructure.
ParaSwap MVP Launched
Founder Mounir Benchemled released the ParaSwap minimum viable product, aggregating liquidity from Uniswap, Bancor, and Kyber for ERC-20 token swaps on Ethereum.