ParaSwap BSC integrates decentralized exchanges and other DeFi services into one comprehensive interface to make it easier for users to interact with decentralized finance.
Contents:
What is ParaSwap BSC?
ParaSwap BSC — a middleware that brings together many Decentralized Exchanges (DEX) and other services in one overarching interface. For any given trade, ParaSwap checks the rates on all supported DEXs and performs further optimization to get the best possible rate.
Based on this, several clear advantages can be noted:
- The service is free and does not charge any transaction fees;
- Resource users have guarantees for coverage up to 1000 ETH.
The exchange aggregator analyzes offers from different exchanges that are available on the site. It is due to competitive prices that users have the opportunity to save money and make exchanges in a short time.
How the work is carried out:
| 1 | The user enters a pair of tokens and an amount. |
| 2 | ParaSwap checks the rate on all supported exchanges where the pair is available. |
| 3 | It provides the user with a comprehensive overview of the best trade route the user has found. |
| 4 | The user signs the first transaction (“Allow”) to allow ParaSwap to interact with their DAI balance. |
| 5 | The user can click the "Exchange Now" button to confirm their transaction and complete the exchange. |
| 6 | The exchange contract performs the exchange and delivers the purchased tokens to the user. |
ParaSwap does not charge any fees for the provided services. However, interacting with it requires gas costs. This is the cost of shared resources - a fee paid by miners who protect the Binance blockchain.
Additional information
An introductory document is available on the platform. You will find not only a general description, but also answers to questions there.
The community actively maintains social networks:
You can also leave your e-mail address on the site to receive a newsletter with project news. The smart contract has not been audited.