Difference between revisions of "Paraswap (PSP)"
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''Note 2: Most fix recommendations were implemented by the team."'' | ''Note 2: Most fix recommendations were implemented by the team."'' | ||
With the [https://t.me/c/1453353094/4616 comment]: ''"Excellent documentation and team transparency, with decent security. The two places they unfortunately lack is in the publishing of tests and Admin Access Controls."'' | With the [https://t.me/c/1453353094/4616 comment]: ''"Excellent documentation and team transparency, with decent security. The two places they unfortunately lack is in the publishing of tests and Admin [[Access Controls]]."'' | ||
=== Bugs/Exploits === | === Bugs/Exploits === | ||
* Had its deployer [[address]] [https://twitter.com/sandraaleow/status/1580046028706762752 compromised], no vulnerabilities were found (12-10-2022). | |||
== Governance == | == Governance == | ||
=== Admin Keys === | === Admin Keys === | ||
| Line 33: | Line 36: | ||
=== DAO === | === DAO === | ||
=== Treasury === | === Treasury === | ||
* [https://blog.bancor.network/nexus-mutual-joins-30-daos-adopting-bancors-dao-treasury-management-solution-2eb60b762259 Plans] to [[stake]] their treasury (or parts of it) in [[Bancor Token (BNT)|Bancor]] V3 (9-3-2022). | |||
== Token == | == Token == | ||
=== Launch === | === Launch === | ||
| Line 56: | Line 62: | ||
*[https://ethhub.substack.com/p/ethhub-weekly-164?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozNTkwNDE4OCwiXyI6IllKNVRlIiwiaWF0IjoxNjIwMTI0NTAwLCJleHAiOjE2MjAxMjgxMDAsImlzcyI6InB1Yi0zOTEwIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.EjvoNjsmaW2ajmV3OrTiAewETpAkaAvpqTY5tv9kmLU From] [[EthHub]] (4-5-2021): | *[https://ethhub.substack.com/p/ethhub-weekly-164?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozNTkwNDE4OCwiXyI6IllKNVRlIiwiaWF0IjoxNjIwMTI0NTAwLCJleHAiOjE2MjAxMjgxMDAsImlzcyI6InB1Yi0zOTEwIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.EjvoNjsmaW2ajmV3OrTiAewETpAkaAvpqTY5tv9kmLU From] [[EthHub]] (4-5-2021): | ||
''"With this [https://twitter.com/paraswap/status/1380190436954898432 update] ParaSwap is now 10% cheaper than [[Uniswap (UNI)|Uniswap]] ([[gas]]-wise), a new gas token has been introduced, a new algorithm has been launched and more."'' | ''"With this [https://twitter.com/paraswap/status/1380190436954898432 update] ParaSwap is now 10% cheaper than [[Uniswap (UNI)|Uniswap]] ([[gas]]-wise), a new gas [[token]] has been introduced, a new algorithm has been launched and more."'' | ||
=== Staking === | === Staking === | ||
===Liquidity Mining === | ===Liquidity Mining === | ||
=== Scaling=== | === Scaling=== | ||
* From [https://twitter.com/StarkWareLtd/status/1315675683025285121 this] tweet (12-10-2020): | * From [https://twitter.com/StarkWareLtd/status/1315675683025285121 this] [[tweet]] (12-10-2020): | ||
''"[[StarkWare|StarkEx]] will enable ParaSwap to offer inexpensive swaps at scale."'' | ''"[[StarkWare|StarkEx]] will enable ParaSwap to offer inexpensive [[swaps]] at scale."'' | ||
=== Different Implementations === | === Different Implementations === | ||
| Line 71: | Line 77: | ||
== Their Other Projects == | == Their Other Projects == | ||
== Roadmap == | == Roadmap == | ||
* Can be found [Insert link here]. | * Can be found [Insert [[LINK|link]] here]. | ||
== Usage == | == Usage == | ||
| Line 79: | Line 85: | ||
=== Pros === | === Pros === | ||
=== Cons === | === Cons === | ||
* Had investment from [[FTX (FTT)|Alameda Research]]/FTX, which [https://twitter.com/Edvis100/status/1591106606716313600 came out] (11-11-2022) during the FTX crash. This could mean fall-out risk. | |||
== Team, Funding, Partnerships, etc. == | == Team, Funding, Partnerships, etc. == | ||
=== Team === | === Team === | ||
| Line 84: | Line 93: | ||
* [[Mounir Benchemled]]; founder | * [[Mounir Benchemled]]; founder | ||
=== Funding === | === Funding === | ||
* [https://decrypt.co/42120/defi-project-paraswap-raises-2-7-million-to-scale-out From] [[Decrypt]] (17-9-2020): | * [https://docs.google.com/spreadsheets/d/1xoYqw-5EjQIiunX75UzozzMPOspm0KwFzgA-SKBcvyo/edit#gid=0 Turned out] (8-12-2022) to have sold $200k worth of tokens to [[Alameda]]. | ||
''"Has finished a round of seed funding, which raised $2.7 million. [It] received funding from over 30 investors. Among the list are [[CoinGecko]], [[Blockchain Capital]], a venture firm in the blockchain space, and [[Stani Kulechov]], the founder of [[DeFi]] protocol [[Aave]]."'' | *[[Matter Labs]]; [https://medium.com/matter-labs/funding-ea89c1fa731e according] to Matter Labs, the founders and leadership of a bunch of [[Defi|DeFi]] projects, among which this project, joined in on the $50m raise for [[zkSync]] (8-11-2021). | ||
*[https://decrypt.co/42120/defi-project-paraswap-raises-2-7-million-to-scale-out From] [[Decrypt]] (17-9-2020): | |||
''"Has finished a round of [[seed]] funding, which raised $2.7 million. [It] received funding from over 30 investors. Among the list are [[CoinGecko]], [[Blockchain Capital]], a venture firm in the [[blockchain]] space, and [[Stani Kulechov]], the founder of [[DeFi]] protocol [[Aave]]."'' | |||
=== Partners === | === Partners === | ||
Latest revision as of 07:17, 12 December 2022
Basics
History
Audits & Exploits
- No evidence of a ParaSwap Bug Bounty program was found in their documentation or in web searches (5-7-2021).
- Scored a 53% on DeFi Safety (5-7-2021):
"PeckShield published a ParaSwap audit report on April 22nd 2021.
Solidified published a ParaSwap audit report on April 6th 2021.
Certik published a ParaSwap audit report on March 6th 2021.
Note 1: ParaSwap was launched in September 2019.
Note 2: Most fix recommendations were implemented by the team."
With the comment: "Excellent documentation and team transparency, with decent security. The two places they unfortunately lack is in the publishing of tests and Admin Access Controls."
Bugs/Exploits
- Had its deployer address compromised, no vulnerabilities were found (12-10-2022).
Governance
Admin Keys
- From DeFi Safety (5-7-2021):
"No admin access control information was found in the ParaSwap documentation. No evidence of a Pause Control or similar function in ParaSwap's documentation and GitHub repository."
DAO
Treasury
Token
Launch
Token allocation
Utility
Token Details
Stablecoin
Coin Distribution
Tech
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
- Built on:
- Programming language used:
Transaction Details
How it works
Fees
Upgrades
"With this update ParaSwap is now 10% cheaper than Uniswap (gas-wise), a new gas token has been introduced, a new algorithm has been launched and more."
Staking
Liquidity Mining
Scaling
"StarkEx will enable ParaSwap to offer inexpensive swaps at scale."
Different Implementations
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
- Had investment from Alameda Research/FTX, which came out (11-11-2022) during the FTX crash. This could mean fall-out risk.
Team, Funding, Partnerships, etc.
Team
- Full team can be found [here].
- Mounir Benchemled; founder
Funding
- Turned out (8-12-2022) to have sold $200k worth of tokens to Alameda.
- Matter Labs; according to Matter Labs, the founders and leadership of a bunch of DeFi projects, among which this project, joined in on the $50m raise for zkSync (8-11-2021).
- From Decrypt (17-9-2020):
"Has finished a round of seed funding, which raised $2.7 million. [It] received funding from over 30 investors. Among the list are CoinGecko, Blockchain Capital, a venture firm in the blockchain space, and Stani Kulechov, the founder of DeFi protocol Aave."
Partners
- Participated in the DeFi Alliance’s accelerator program (18-9-2020).
