Market cap
$884.4K
1.67 %
Volume (24h)
$11.43
1.67 %
Circulating supply
934,341,688 PSP
Total supply
2,000,000,000 PSP
Max. supply
2,000,000,000 PSP
ParaSwap (PSP)
$ 0.00
1.67 %
Main info
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Key data
updated $0Market cap$884.4K
Volume 24h$11.43
Circulating supply934.34M47% of max 2B
All-time high$2.1-100% from peak · 2021-11-15
ParaSwap (PSP) is a utility token designed to enhance decentralized finance (DeFi) operations. It powers the ParaSwap protocol, a decentralized exchange aggregator that optimizes trades across multiple DEXs. PSP facilitates governance, fee discounts, and incentivizes participation within the ecosystem.
Frequently asked questions
What is ParaSwap and how is it different from other DeFi projects?
ParaSwap is a decentralized exchange aggregator that sources liquidity from multiple DEXs to offer users the best trading rates. Unlike standalone DEXs, ParaSwap optimizes trades across platforms, reducing slippage and fees.
How does ParaSwap's technology work?
ParaSwap uses smart contracts to aggregate liquidity from various decentralized exchanges. It routes trades through the most efficient paths, ensuring users get the best possible rates with minimal slippage.
How is ParaSwap's token (PSP) issued?
PSP has a hard cap of 2 billion coins, distributed through ecosystem incentives, governance rewards, and community initiatives. The token is designed to support the ParaSwap protocol's growth and user engagement.
How can I store and use PSP tokens?
PSP tokens can be stored in any ERC-20 compatible wallet. They are used for governance voting, fee discounts on trades, and incentivizing liquidity providers within the ParaSwap ecosystem.