ParaSwap, the well-known decentralized exchange (DEX) aggregator, has officially rebranded as Velora, signaling a new era in DeFi trading. Alongside the rebrand, the platform has unveiled Delta v2.5, a major upgrade designed to simplify and optimize trade execution through powerful new features and an advanced architecture.
According to a press release shared with crypto.news, Velora’s latest innovation, Delta v2.5, transitions the protocol’s infrastructure to an intents-based model, where multiple agents actively compete to offer the best price execution for trades. This evolution marks a significant leap forward from traditional DEX aggregators, addressing many of their long-standing inefficiencies.
Key Features of Delta v2.5
- Instant Cross-Chain Swaps: Velora users can now execute trades across different blockchains with unprecedented speed, eliminating delays and slashing transaction costs.
- Super Hooks: A novel feature allowing users to automate and customize complex trading strategies. Traders can combine multiple actions into a single transaction, enabling seamless execution of sophisticated workflows.
- Advanced Limit Orders: Users gain more control over their trades, setting specific conditions for execution that offer enhanced flexibility and responsiveness to market dynamics.
By integrating these features, Velora positions itself to overcome the drawbacks of legacy decentralized exchanges, such as slow transaction speeds, inflexible trading options, and fragmented liquidity.
Founder’s Vision
Mounir Benchemled, Founder of Velora, expressed his enthusiasm for the platform’s new direction:
“We are revolutionizing the landscape of decentralized trading with Instant Cross-Chain Swaps and Super Hooks, enabling seamless execution of complex strategies. Velora is the future of DeFi — faster, more flexible and powerful than ever before, empowering users to navigate the DeFi space with increased speed and control.”
Context of the Rebrand
The transformation from ParaSwap to Velora comes shortly after the protocol dealt with a critical security issue in its Augustus v6 smart contract. The vulnerability, identified soon after launch, raised questions about the platform’s robustness. Velora’s shift to an intents-based model is seen as a proactive step not only to enhance efficiency but also to fortify the platform against future threats.
With Delta v2.5, Velora is not just rebranding — it’s reimagining how decentralized trading can function. The move is expected to place Velora at the forefront of innovation in the DeFi space, with a strong focus on user empowerment, speed, and strategic flexibility.
