ParaSwap rebrands to Velora, unveils Delta v2.5 for smoother trading experience

Paraswap, a decentralized exchange aggregator, renamed Velora, introducing Delta V2.5, a major upgrade designed to rationalize the execution of trade.

According to a press release shared with Crypto.News on April 3, Paraswap (PSP) renamed Velora. This change of brand is accompanied by the launch of Delta V2.5, which improves the existing aggregation infrastructure of Velora to an aggregation infrastructure based on intentions with several agents in competition for its execution of prices.

Delta v2.5 features include:

• Instant inter-chaînes exchanges, which allow users to exchange assets quickly and without delays between different blockchains.
• Super Hooks, a new feature that allows users to automate and combine complex trading strategies.
• Advanced limit commands, which allow users to define transactions to automatically occur under certain conditions, offering more flexibility than before.

By introducing these features in Delta v2.5, Velora aims to overcome the limits of the old Dexlike slow execution times and rigid processes.

Mounir Benchemled, the founder of Velora expressed his enthusiasm at the launch, saying: “We revolutionize the landscape of decentralized exchanges with transverse exchanges and instant transverse chains, eliminate delays and reducing costs, while the faster, more flexible and powerful hook than ever before, which allows users to sail in space increased speed and control. »»

The brand change comes in the heels of the Augustus V6 vulnerability which paraswap face to face Earlier in March. The critical bug of the intelligent contract, discovered shortly after its launch, has raised concerns concerning the security of the platform. The transition to a model based on intentions with Velora aims to approach some of the limits and risks that have led to this feat.