What is Velora (Paraswap) ?

🧩 What is Velora exactly?

Velora, formerly ParaSwap, is an all-in-one Web3 app designed to make crypto easy. It lets you send, receive, trade, and invest in crypto from one simple app 📱

Velora is:

• a non-custodial wallet (you keep control of your funds)
• a DEX aggregator (it finds the best price for your swaps)
• a gateway to DeFi (staking, payments, transfers, and more)

All with a clean and user-friendly interface.

💡 From ParaSwap to Velora: why the change?

ParaSwap was known for being a fast swap engine, integrated across multiple dApps. It compares major DEXs (like Uniswap, Curve, 1inch) to get you the best possible rate.

Now, the team wants to make DeFi truly accessible to everyone. That’s where Velora comes in—a Web3 super app focused on simplicity, identity, and real-world usability 💳

🔑 What is the PSP token used for?

The PSP token (originally from ParaSwap) is still essential to the Velora ecosystem.

It allows users to:

• Earn rewards (cashbacks, bonuses, exclusive access)
• Participate in protocol governance
• Support partner dApps via incentive models

PSP helps power a more personalized Web3 experience, where active users get rewarded 🎁

🌍 A global-first app experience

Velora is made for global adoption. It is:

• compatible with Ethereum, Polygon, Arbitrum, Optimism...
• multi-language, smooth UX
• 100% mobile, designed for everyday use
• secure and non-custodial (you own your keys)

The goal: give everyone simple access to DeFi, no crypto degree required.

🎯 Why pay attention now?

Velora offers a clean, powerful Web3 experience for all levels. Swap, send money, and access DeFi with ease.

And with the PSP token still under the radar, there could be long-term opportunities.

✅ Complete non-custodial Web3 app
✅ Strong heritage from top DEX aggregator ParaSwap
✅ Useful PSP token with growing real use
✅ Great for beginners and experienced users alike