Velora (formerly ParaSwap)

About

ParaSwap is a decentralized finance (DeFi) aggregator founded in 2019 and based in Paris, Île-de-France. The platform connects users to decentralized exchanges (DEXs) and DeFi services across various blockchains, including Ethereum, Polygon, and BNB Chain. ParaSwap addresses liquidity fragmentation in DeFi by aggregating multiple liquidity sources to provide optimal trade execution. The services offered by ParaSwap include DEX aggregation, which helps users find the best exchange rates for token swaps, and cross-chain support for trading across different networks. The platform features a non-custodial design, allowing users to maintain control of their private keys, and offers a mobile app for secure management of crypto assets. Additionally, ParaSwap provides developer tools, including APIs and SDKs, for integrating its services into third-party applications. The company has raised $5.7 million from various investors, aiming to simplify access to liquidity and enhance DeFi adoption.