ParaSwap - the fastest liquidity aggregator for traders and dApps. The software is optimized for dApps and traders, who want to expand their exchange capabilities or make ERC-20 payments, receiving the best market price. The user has the ability to compare prices without making any effort.
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ParaSwap - what is it?
ParaSwap - the decentralized exchange aggregator. It combines a number of decentralized exchanges in one place. Thus, the user can compare prices of different exchanges on one page. When the user makes an exchange, the service splits orders on several exchanges into one optimized and safe transaction. The resource also uses GasToken.io (GST2), so network fees are very low. Therefore, several obvious advantages can be noted:
- The service is free and doesn’t charge any transaction fees;
- Resource users have guarantees for coverage of up to 1000 ETH.
This insurance works if the funds are lost during the payment or due to an error in the smart contract during the swap operation. The coverage uses a Nexus Mutual, which is an insurance alternative, fully included in the chain.
How does a decentralized dapp work?
Even people, who have never encountered it, can use the aggregator. To make an exchange, the user selects the desired pair of tokens for the exchange. For example, it could be an exchange between currencies of 1 ETH to 200 DAI. After the currencies are selected, the platform analyzes the prices. It provides the best rate and liquidity from exchanges. When the swap is confirmed, the order is executed through exchanges. Moreover, you can verify the transaction on the official website directly.
Supported blockchain exchanges
The exchange aggregator analyzes the offers from different exchanges that are presented on the site.Thanks to the competitive prices, users have the opportunity to save money and make exchanges in a short time. Let’s consider the exchanges, presented on the service:
| Kyber CIty | kyber.network |
| Bancor | bancor.network |
| Uniswap | uniswap.exchange |
| Oasis | oasis.app |
| Curve | curve.fi |
| 0x | 0x.org |
The resource uses 0x Mesh to access the largest set of orders, available via the 0x protocol. As you can see, the ParaSwap exchange aggregator is a reliable and convenient way to save time and money on the currency exchanges.
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