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 ===
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=== 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 ===
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*[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 ===
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== Their Other Projects ==
== Their Other Projects ==
== Roadmap ==
== Roadmap ==
* Can be found [Insert link here].
* Can be found [Insert [[LINK|link]] here].


== Usage ==
== Usage ==
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=== 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 ===
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* [[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):
* [[Matter Labs]]; [https://medium.com/matter-labs/funding-ea89c1fa731e 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).
''"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

"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

Governance

Admin Keys

"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

Funding

"Has finished a round of seed funding, which raised $2.7 million. [It] received funding from over 30 investors. Among the list are CoinGeckoBlockchain Capital, a venture firm in the blockchain space, and Stani Kulechov, the founder of DeFi protocol Aave."

Partners