"Velora DEX: Intent-Based Trading Revolution for DeFi Enthusiasts"

Velora, the new face of ParaSwap

Decentralized exchange (DEX) aggregator ParaSwap has recently undergone a transformation, rebranding itself as Velora. This refreshing change comes alongside the introduction of an innovative intent-based trading feature that promises to revolutionize the way users interact with decentralized exchanges.

Velora has just launched its Delta v.2.5 upgrade, aiming to enhance flexibility and agility in trade execution on the DEX. The platform boasts an impressive user base, with 18,000 monthly active users in the past month and over 4.3 million smart contract interactions in the last year, according to TokenTerminal data.

The concept of intents-based trading was initially introduced by ParaSwap in the summer of 2024. This approach was developed to counteract the influence of maximum extractable value (MEV) bots, which have been known to exploit profit opportunities in blockchain transaction ordering through tactics such as front-running and arbitrage.

The battle against MEV exploitation

MEV not only affects individual transactions but also poses a threat to the overall fairness, accessibility, and decentralization of the DeFi ecosystem. In response to this challenge, Velora's founder Mounir Benchemled emphasized the importance of addressing this pressing issue.

Velora's intent-based trading implementation offers users greater control over their execution preferences, introducing advanced features like limit orders and overcoming the limitations of single-block execution. This upgrade enhances flexibility and customization, providing a seamless cross-chain trading experience with improved performance.

Sergej Kunz, Co-Founder of DEX aggregator 1inch, believes that decentralized finance should be user-friendly and free from complexity. He highlights the significance of an intent-based system in simplifying the DeFi experience for end-users, stating that it shifts risk and complexity to professionals specializing in executing advanced DeFi strategies.

Empowering users with intent-based trading

An intent-based DEX like Velora should offer MEV protection at the protocol level and delegate execution complexity to professional trading bots. By doing so, users can engage in DeFi activities with confidence, knowing that their assets are safeguarded and their trades are executed efficiently.

Velora's intent-based trading feature is a step towards democratizing DeFi and making it accessible to a wider audience. By streamlining the trading process and minimizing the risks associated with MEV exploitation, Velora aims to create a more inclusive and secure environment for DeFi enthusiasts.

In conclusion, Velora's rebranding and the introduction of intent-based trading mark a significant milestone in the evolution of decentralized exchanges. As the DeFi landscape continues to evolve, innovations like these pave the way for a more user-centric and secure ecosystem, empowering individuals to participate in the DeFi revolution with confidence and ease.