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DeFi Deep Dive - What is ParaSwap?

Written By Ivan on Tech

May 03, 2021

ParaSwap is an innovative and competitive decentralized exchange (DEX) aggregator. Using a combination of features, ParaSwap aims to streamline the user experience with decentralized finance (DeFi) protocols, branding itself as a solution for DeFi liquidity. ParaSwap aggregates price and data feeds for many major decentralized exchanges to discover and offer the best price for users. This is in addition to routing through the ParaSwapPool, offering even better exchange rates. Moreover, ParaSwap acts as a middle layer between DeFi liquidity protocols and users. ParaSwap aims to facilitate the fastest and fairest trades of Ethereum-based tokens (ERC-20). 

In this article, we are going to dive deep into the fundamentals of ParaSwap and explore how this decentralized exchange (DEX) aggregator operates under the hood. Moreover, we’ll explore the differences between ParaSwap and Uniswap, the largest DEX on Ethereum. Also, we’ll look at the advantages of ParaSwap and why...

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