- DeFi platform ParaSwap has rebranded to Velora and introduced DEX features
- The new features include MEV protection and the ability to support multiple chains
- ParaSwap said the new platform represents the evolution of DeFi
DeFi platform ParaSwap has rebranded to Velora to introduce new features and align with the changing DeFi ecosystem. Velora comes with new features such as MEV protection, the ability to support multiple blockchains, and improved trade execution speeds. ParaSwap disclosed that Velora is “built on intent-based architecture” that allows users “to state their goals” and have them executed on their behalf, easing interaction with the DeFi world.
Shifting From Aggregation To Trading
ParaSwap revealed that the rebrand shifts it from a DEX aggregator to a complete trading protocol. It added that the move is meant to enable it to offer CEX-like features but in a decentralized way.
Introducing Velora, the new era of ParaSwap.
An intents-based crosschain protocol designed for fast and efficient DeFi.
Trade faster. Everywhere 🐆 pic.twitter.com/laCmewgjpN— Velora (formerly ParaSwap) (@VeloraDEX) April 3, 2025
According to ParaSwap, intent-based DeFi platforms are superior to conventional platforms because they adapt to traders’ needs in real time and can scout across multiple chains for the best results.
Velora uses hooks to power a “composable chain of actions” by combining related activities into a single process. The platform also provides superior flexibility, allowing users to execute complex strategies on-chain.
ParaSwap noted that the new platform “represents a new era in DeFi,” adding that it defragments the trade execution process by offering a central place to access the decentralized finance world on any chain.
A Maturing DeFi Userbase
The rebrand is also meant to cater to the needs of institutional users and a maturing DeFi userbase. The rebranding comes at a time when more crypto and web3 projects are rebranding to expand the scope of their operations.
Two weeks ago, for example, the EOS Network rebranded to Vaulta to shift its focus to web3 banking services. Solend has also morphed to Save while Aave Companies revamped to Avara to introduce new features and venture deeper into web3, respectively.
With ParaSwap rebranding to Velora, it’s to be seen whether the new platform will offer AI-powered DeFi solutions.
