“VELORA: The Decentralized Exchange That’s About to Get a Whole Lot More Velvety!”
Mon dieu! ParaSwap, that most esteemed of decentralized exchange aggregators, hath seen fit to rebrand itself as Velora. Ah, the drama! The intrigue! The 🤯
And, of course, no rebranding would be complete without a slew of new features, n’est-ce pas? Behold, Delta v2.5, an upgrade designed to make trading faster and more flexible than a French aristocrat at a ball. 💃
But, alas, the numbers, they do not lie. Over the last month, Velora (formerly ParaSwap) hath attracted a whopping 18,000 active users. And, if we are to believe TokenTerminal, a staggering 4.3 million smart contract interactions hath taken place on the platform in the past year. Mon dieu, the numbers are simply… astronomical! 🚀
And, as if all this were not enough, Velora hath also seen fit to implement intent-based trading, a system designed to protect users from those odious MEV bots, which, like a plague of locusts, hath been devouring the very fabric of decentralized finance. 🐜
But, I digress. In the past, ParaSwap (ahem, Velora) handled orders in three tedious steps: first, the trade price was set, then the order was sent to an auction to find the best way to execute it, and finally, the trade was completed in the best way possible. Zzz… how quaint.
But fear not, dear traders, for Velora’s new system aims to limit the negative impact of MEV exploitation on individual traders. Ah, the humanity! These MEV bots, they are like a scourge upon the land, using tricks to make money by jumping in front of others or exploiting price differences, which makes trading as unfair as a game of croquet with a cheating caddie. 🏌️♂️
And, just to add a bit of drama to the proceedings, the ParaSwap DAO recently voted on whether to return around $100,000 in fees collected from swaps linked to the $1.5 billion Bybit hack. Ah, the suspense! The intrigue! The… well, you get the idea. 🤯
But, fear not, dear traders, for Sergej Kunz, co-founder of 1inch, hath assured us that users need not worry about the more complicated aspects of decentralized finance. Ah, how reassuring. Intent-based systems, you see, take care of the hard parts by allowing professionals to protect users from those odious MEV bots. Ah, blissful ignorance! 😴
And, with that, dear readers, we bid you adieu. May Velora’s new system bring you joy, prosperity, and a trading experience as smooth as a fine Bordeaux. 🍷
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2025-04-03 20:53