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Author Topic: [DEX] ParaSwap - The Fastest #DEX aggregator for Traders & dApps  (Read 947 times)

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[DEX] ParaSwap - The Fastest #DEX aggregator for Traders & dApps
« on: February 21, 2021, 08:55:15 PM »







    Best prices out of multiple decentralized exchanges




    ParaSwap is the the fastest #DEX aggregator for Traders & dApps.




    Welcome to Learn2Swap

    ParaSwap aggregates decentralized exchanges and other DeFi services in one comprehensive interface to streamline and facilitate users' interactions with Ethereum's decentralized finance. This website provides a clear state of ParaSwap's capabilities and some guidance on all the services ParaSwap can interact with. It gathers liquidity from the main decentralized exchanges together in a convenient interface abstracting most of the swaps' complexity to make it convenient and accessible for end-users.




    Swap Tokens


    The ParaSwap swap interface is similar to Uniswap, with additional information related to the various optimizations it implements.





    Swap & Transfer

    If you're swapping tokens with the intent to send the acquired tokens somewhere else, consider swap & transfer. It's exactly the same as the previous simple swap, except this time the tokens obtained are sent to another address of your choice:






    Example Use Cases

    Now that you have an understanding of the main features and benefits offered by ParaSwap, this last section provides inspiration to envision what you can do to best harness its potential:

    1.-Large Swaps
    Let's start with the easiest to understand: large orders, aka ParaSwap's reason to be. Thanks to the capacity to split orders into several decentralized exchanges, ParaSwap's is often the most effective solution for orders >15 ETH.

    2.-Optimise Capital Deployment
    MultiPath increased the efficiency of ParaSwap even more while enabling new use cases. It helps to streamline a series of transactions involving interactions with several DeFi protocol. You can now interact with smart contracts such as Aave's or Compound's deposit contract, directly from ParaSwap. It enables interesting opportunities such as direct and efficient collateral swaps between the two, such as a cDAI -> aDAI swap

    3.-Take Profits & Save
    Thanks to MultiPath, you can use ParaSwap to aggregate your DeFi operations and reduce the impact of gas costs on your strategies. For instance, if you are active in ERC-20 tokens market, ParaSwap will help you take profits and save in one optimized transaction: LINK just broke ATH? You can do LINK -> aUSDC to take profits & start earning on them in one swap: no regrets!

    4.-Pay Friends
    If you need to make a payment in a currency you do not own, you can use ParaSwap to avoid any unnecessary extra steps. You can pay them from any of the tokens you own with Swap & Transfer & ParaSwap handles sending them for you - make sure to double-check the destination address!




    Understanding your trades

    The ParaSwap's UI displays several data points relative to your projected trade to help you understand the routing, gas costs, and price impact.



    • Estimated Cost: the total Ethereum gas costs of your transaction.
    • Price Impact: the average slippage expected on the various pools involved to settle to the swap.
    • Minimum Received: Prices on crypto markets fluctuate constantly. The Minimum Received amount corresponds to the worst-case scenario for your trade.

    For any trade, you will find the order routing details below the price chart. If you hoover on an arrow between two steps, you can see the details.[/list]


    Routing swaps efficiently is actually a quite complex topic, so to better understand how ParaSwap consistently achieve great rates we invite you to dive into the dedicated page



    Miscellaneous Features

    Dark & Light Mode

    Finally, depending on your preferences, you can switch the UI to light mode. Simply click the lightbulb button at the top right of the interface:



    and much more ...








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    [DEX] ParaSwap - The Fastest #DEX aggregator for Traders & dApps
    « on: February 21, 2021, 08:55:15 PM »

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