Paraswap (PSP)

From CryptoWiki

Revision as of 08:58, 23 January 2022 by 5imp5on (talk | contribs) (1 revision imported)

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

  • From this tweet (12-10-2020):

"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

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."

  • 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).

Partners