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ParaSwap: score, security record and what it is for

82/100SCORE · BTrusted Grade B, very good

ParaSwap aggregates liquidity across many venues and chains with no protocol fee on most swaps and a clean security record. It is usually competitive with 1inch, so comparing both before a large trade is worthwhile.

The facts

LIVE SINCE: 2020
TYPE: Aggregator
CHAINS: Ethereum, Arbitrum, Polygon, Base, BNB Chain and more
SWAP FEE: No protocol fee on most swaps.
AUDITS: Audited, with a clean core record.
WHO CAN CHANGE IT: PSP token governance.

How the score breaks down

security24/30

liquidity19/25

chains14/15

costs14/15

decentralisation11/15

Where it is strong and where it is not

✓ Strengths

Strong routing across many venues and chains
No protocol fee on most swaps
Clean record
Good API for automated use

✗ Weaknesses

Less recognised than 1inch
You inherit the risk of the pools it routes into
Approvals sit with its router

Exploit history

No exploit of the core contracts on record.

Our read

A solid aggregator with a clean record, usually within a few basis points of 1inch. Worth checking both before a large swap.

BEFORE YOU SWAP

Swap keeps failingSlippage, approvals, taxes and thin liquidity. Revoke approvalsEvery swap leaves a permission behind. Clear them. Gas tokensWhy you need the chain's native coin first. Pick a walletYou need self custody before you can use any DEX.

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