We are excited to announce that ParaSwap Delta, the latest addition to the ParaSwap Product Suite, will be live by the end of August 2024.
This innovative product leverages the advanced Portikus Infrastructure, enabling ParaSwap users to trade tokens without worrying about MEV or gas costs through the ParaSwap UI or API. For those who prefer, trading through Augustus will still be an option.
Why ParaSwap Delta?
ParaSwap’s primary goal has always been to provide the best possible trading experience using Smart Order Routing (SOR) and Best Execution. The first version of ParaSwap, known as Augustus, has successfully delivered over $70B in volume for more than 4M wallets by integrating liquidity sources with open-source and algorithmic excellence.
Now, with the introduction of ParaSwap Delta, we are taking a giant leap forward. By building on top of the decentralized intents infrastructure of Portikus, ParaSwap Delta goes beyond SOR to deliver the best possible execution for its users.
ParaSwap Delta’s Benefits and Improvements
🥪 MEV Risk Minimization
Ethereum.org defines Maximal Extractable Value (or MEV) as the maximum value that can be extracted from block production in excess of the standard block reward and gas fees.
When users submit an on-chain swap, part of the trade’s value may be extracted through front-running, sandwich attacks, and other methods. With ParaSwap Delta, users can avoid many potential MEV attacks currently present when trading on-chain, delivering even greater price improvements.
⛽ Gas Abstraction
Don’t have enough gas to submit a transaction? No problem! Thanks to ParaSwap Delta’s agent-based best execution, anyone can submit a trade without paying gas to submit it directly to the blockchain. Users only need to permit the token gaslessly, and the trade will be executed for them.
🏆 Price Competition: Leveraging Portikus Infrastructure
Thanks to its innovative settlement method, ParaSwap Delta’s price execution will become increasingly competitive as different agents compete to deliver the best possible prices to users.
Currently, many orders that go through Augustus rely on a dedicated backend server for execution, but Delta overcomes this with Portikus.
Portikus, built with maximum modularity in mind, offers a large suite of on-chain execution modules that can add more and more optimizations over time. This allows Delta to expand its functions beyond the initial token swap feature to include high-demand features such as Dollar-Cost Averaging (DCA), Automatic Limit Orders, Stop Loss, and AI Agents, which can be introduced in future releases.
