Table of Contents
About ParaSwap Airdrop
ParaSwap Airdrop aggregates decentralized exchanges and other DeFi services in one comprehensive interface to streamline and facilitate users’ interactions with Ethereum’s decentralized finance. As already guessed in retroactive airdrop overview ParaSwap will now be airdropping a total of 150,000,000 PSP to early users of the platform. Early active users who’ve interacted with the platform by October 8th are eligible to claim the airdrop.
| Basic | Details |
|---|---|
| Token Name | ParaSwap Airdrop |
| Platform | N/A |
| Total Value | 150,000,000 PSP |
| Support | 24/7 |
| KYC | KYC Is Not requirement |
| Whitepaper | Click Here To View |
| Max. Participants | Unlimited |
| Collect Airdrop | Click Here To Collect Free Airdrop |
How To Join ParaSwap Airdrop
First Step
Visit the ParaSwap Airdrop website.
Second step
Connect your Metamask wallet.
Third Step
Make sure to change the network to Ethereum.
Fourth Step
If you’re eligible, then you will be able to claim free PSP tokens.
Fifth Step
The snapshot was taken on October 8th,2021.
Six Step
Users who had used ParaSwap at least 5 times in the last 6 months and had a minimum token balance of 0.028 ETH for Ethereum, 0.25 BNB for BSC, 20 Matic for Polygon, and 0.9 AVAX for Avalanche C-Chain are eligible.
Seven Step
Additional filtration has also been done based on various logic. See the below Medium article for more info.
Eight Step
Users who’ve interacted on ParaSwap with BSC, Polygon and Avalanche are also eligible but need to switch the network to Ethereum to claim the tokens.
Nine Step
You’re interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!
Ten Step
For more information regarding the airdrop, see this Medium article.
QuickStart
ParaSwap is a middleware streamlining user’s interactions with various DeFi services. It gathers liquidity from the main decentralized exchanges together in a convenient interface abstracting most of the swaps’ complexity to make it convenient and accessible for end-users. ParaSwap can be used directly, through the ParaSwap website, or integrated into other decentralized applications, listed on:
ParaSwap Intro
ParaSwap facilitates the exchange of Ethereum tokens, abstracting most of the complexity now required to conduct trades at the best market rates. ParaSwap abstracts the complexity of comparing prices and optimizing swaps (factoring gas costs and other variables) for you — so you can focus on your trading strategy or learning more about the fundamentals of the space.
To better understand the advantages of using ParaSwap over interacting with a decentralized exchange directly, check the dedicated page: ParaSwap’s Edge
Swap Tokens
The ParaSwap swap interface is similar to Uniswap, with additional information related to the various optimizations it implements.
The order routing provides an overview of the different exchanges and pools used to settle your trade. In the table below, you can find additional details for each route.
Swap & Transfer
If you’re swapping tokens with the intent to send the acquired tokens somewhere else, consider swap & transfer. It’s exactly the same as the previous simple swap, except this time the tokens obtained are sent to another address of your choice.
ParaSwap’s Edge
This page summarizes the main benefits you can draw from using ParaSwap’s over interacting with decentralized finance services directly or using another middleware.
Efficient Decentralized Exchanges Aggregation
ParaSwap scours dozens of decentralized exchanges to secure the best exchange rates. Thanks to a refined pathing analysis, all options are explored, including splitting your order into several exchanges or looking for alternative swapping routes.
Optimize Orders’ Execution
ParaSwap does whatever it takes to find the best rate – including splitting your order across several decentralized exchanges. Splitting orders is particularly effective for large transactions, such as the one presented here: a swap of 500 ETH to DAI, routed on four pools:
- 1.ParaSwapPool (50%)
- 2.Kyber (22%)
- 3.SushiSwap (18%)
- 4.UniswapV2 (10%)
No Stones Left Unturned
ParaSwap routing algorithm explores every relevant path, including the ones involving extra hops. For instance, to buy ETH from sUSD, a direct sUSD -> ETH swap might not be the way. Getting the best rate might involve going sUSD -> USDT/DAI -> ETH in that case. No need to compute all this complexity (across all DEXes) by yourself – MultiPath does it for you!
