Paraswap, a decentralized exchange aggregator, has renamed Velora and introduces Delta V2.5, an important upgrade designed to streamline the implementation of the trade.
According to a press release that will be shared on 3 April with crypto.news, Paraswap (PSP) has renamed Velora. This rebrand is accompanied by the launch of Delta V2.5, which the existing aggregation infrastructure from Velora upgrade to a intention-based, where several agents compete for its price implementation.
The characteristics of Delta V2.5 are:
- Direct cross-chain swaps, so that users can exchange assets between different block chains quickly and without delays.
- Super Hooks, a new function with which users can automate and combine complex trade strategies.
- Advanced limit orders, so that users can set trade to be done automatically under certain conditions and offer more flexibility than before.
By introducing these functions in Delta V2.5, Velora wants to overcome the limitations of Oude Dex’s, such as slow version times and rigid processes.
Mounir Benchemled, Founder of Velora Expressed His Excitement on the Launch, Saying, “We are revolutionizing the landscape of decentralized trading with instant cross-chain swaps and super hooks, enabling seamless-chain alvenate. Costs, While Super Hooks Provide to automatic and customized trading strategies with efficiency.
The Rebrand is on the heels of the vulnerability of Augustus V6 for which Paraswap previously stood in March. The critical bug in the smart contract, discovers shortly after the launch, released concern about the security of the platform. The switch to a intention -based model with Velora wants to tackle some limitations and risks that have led to this exploit.
