What is ParaSwap?

ParaSwap is an on-chain aggregation exchange. Based on the self-built ParaSwapPool exchange pool, it also aggregates protocols such as Kyber, Bancor, Uniswap, Oasis, Curve, and 0x.

What's the use of ParaSwap?

In ParaSwap transactions, it will automatically help you figure out how to split a transaction to ensure that your slippage is the lowest, and complete all small orders split by the user in one transaction. For example, 54% of a transaction may go to Bancor, and the remaining 46% may go to Kyber.

At present, ParaSwap does not charge any additional fees in the middle, and provides professional traders and dApps with plug-and-play APIs, SDKs, and a set of smart contracts for rapid integration and arbitrage off-chain and on-chain.

ParaSwap V2 version of Multi Path is now online, and all major aspects of the aggregate trading system such as transaction slippage, API, SDK, etc. have been fully upgraded.

ParaSwap is safe?

ParaSwap plans to announce its audit report soon. Up to now, the V1 and V2 contracts of ParaSwap on NexusMutual each have an insurance claim limit of 1000 ETH [1].

Summary

Unlock more DeFi usage postures, look for high-quality Ethereum DeFi projects[2], and view more ParaSwap related data. You can visit the DeFi project list on the DeBank official website: https://debank.com/projects/paraswap

References

[1] Insurance claim limit: https://nexustracker.io
[2] Premium Ethereum DeFi project: https://debank.com/projects