{"id":126402,"date":"2025-04-03T16:18:51","date_gmt":"2025-04-03T16:18:51","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126402"},"modified":"2025-04-03T16:18:51","modified_gmt":"2025-04-03T16:18:51","slug":"paraswap-rebrands-to-velora-introduces-intent-based-dex-trading-feature","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126402","title":{"rendered":"ParaSwap rebrands to Velora, introduces intent-based DEX trading feature"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsDecentralized exchange (DEX) aggregator ParaSwap announced its rebrand to Velora and is moving on to a new intents-based trading feature.<br \/>\nAccording to an announcement shared with Cointelegraph, Velora\u2019s just introduced its Delta v.2.5 upgrade. This supposedly results in improved flexibility and agility in trade execution on the DEX.<br \/>\nParaswap has seen 18,000 monthly active users over the last month with 4.3 million smart contract interactions over the past 365 days, according to TokenTerminal data. The platform first introduced intents-based trading back in the summer of 2024, with hopes that it would mitigate the negative impact of maximum extractable value (MEV) bots.<br \/>\nSince then, ParaSwap submitted orders in three steps. First the order is preprocessed defining the expected trade price, then this is submitted to an auction to determine the most efficient execution strategy considering liquidity and timing. The winning agent executes the trade while taking the user\u2019s intent into account and purportedly minimizing MEV exploitation risks.<br \/>\nRelated: Hyperliquid DEX trading volumes cut into CEX market share: Data<br \/>\nA crypto MEV bot is an automated program that exploits profit opportunities in blockchain transaction ordering\u2014using tactics like front-running and arbitrage to capture extra value. The project\u2019s founder Mounir Benchemled said at the time:<br \/>\nThe presence of MEV impacts not only individual transactions but also the overall fairness, accessibility and decentralization of the DeFi ecosystem, making it one of the most pressing issues that needs addressing.\u201d<br \/>\nVelora\u2019s intent-based trading implementation<br \/>\nVelora\u2019s implementation of intent-based trading is more customizable, giving the user \u201cfull control over their execution preferences, unlocks advanced features like limit orders, overcoming the constraints of single-block execution and increasing flexibility.\u201d The new aggregator is also reportedly designed to allow for seamless cross-chain trading and enhanced performance.<br \/>\nRelated: Curve Finance clocks $35B trading volume in Q1 2025<br \/>\nSergej Kunz, Co-Founder of DEX aggregator 1inch, told Cointelegraph that \u201cend users shouldn&#8217;t have to worry about the complexities\u201d of decentralized finance. According to him, an intent-based system removes much of this complexity:<br \/>\n\u201cAn intent-based system is designed to shift all risk and complexity away from users and into the hands of professionals who specialize in executing advanced DeFi strategies. A true intent-based DEX must provide MEV protection at the protocol level and offload execution complexity to professional trading bots.\u201c<br \/>\nMagazine: Financial nihilism in crypto is over \u2014 It\u2019s time to dream big again<a href=\"https:\/\/cointelegraph.com\/news\/velora-is-now-para-swap-introduces?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsDecentralized exchange (DEX) aggregator ParaSwap announced its rebrand to Velora and is moving on to a new intents-based trading feature. According to an announcement shared with Cointelegraph, Velora\u2019s&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126402"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126402"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126402\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126402"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}