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September 9, 2022In 2021, Decentralized Exchanges (DEXs) saw over $1 trillion in trading volume. This was a 885% jump in trading volumes since 2020. However, the increasing use of DEXs is now pressing for the need of a DEX aggregator. A DEX aggregator like ParaSwap allows exchange owners to that unites the liquidity of DEXs and lending protocols into one comprehensive and secure interface. This make it really easy for crypto entrepreneurs to provide their traders and dApps the best prices in DeFi. ParaSwap clone script comes into the picture when an exchange owner wants to develop a DEX aggregator which is a replica of ParaSwap with the added advantage of customization and cost-effectiveness.
Let’s discuss ParaSwap in detail and find out how to get White Label services to use the ParaSwap clone script in your business.
What is ParaSwap?
ParaSwap is a DeFi DEX aggregator that solves liquidity issues for exchange owners. It also reduces the token swapping fees and makes the exchange highly secure. The main purpose of using ParaSwap for DEX development is to improve gas efficiency. It is a popular middleware software used in the crypto exchange market.
ParaSwap creates a pool of liquidity from multiple exchanges to increase transaction speed and minimize gas fees (network fees). It uses PSP tokens that provides services to global users on the platform through the multilingual feature.
What is ParaSwap Clone Script?
White Label ParaSwap clone software/ script is a ready-made script that allows crypto-preneurs to launch their own aggregator decentralized exchanges like ParaSwap. It allows customization of the existing script to add new features, redesign the interface, increase data security, etc., for an affordable price.
Instead of building a similar aggregator from scratch, you use the clone script of the existing platform to develop your own. Many third-party crypto service providers offer DEX like ParaSwap clone script customization to exchange owners.
ParaSwap Clone Development
White Label services save the time and money you need to invest in developing a platform from scratch. Using a clone script also reduces the risk of errors and failure. Developers have tested and tried the software. You just have to pay to tweak a few details and add more depending on your specifications.
Since DEX development takes less time, you can launch your exchange almost immediately instead of waiting for months. You have more time to focus on attracting users to the platform and generating revenue. This brings faster and better returns. Furthermore, the service providers offer maintenance and upgrade services to ensure that the DeFi decentralized exchange is working in top condition and doesn’t have any glitches.
This makes your exchange reliable and trustworthy, making it easier to bring more users and increase ROI. It is a win-win situation.
Build your own DEX like ParaSwap
Schedule Free DemoProcess of ParaSwap DEX Development
DEX development using the ParaSwap clone script has numerous steps. The process is easy for developers but can be complicated for beginners. It is best to let a professional work on the software.
- The first step is to develop and deploy smart contracts
- Incorporate the exchange API
- Incorporate swapping API
- Include a bug bounty program
- Include liquidity pools
- Incorporate crypto wallets
- Integrate price API
- Setup multi-path
- Use the AMM model (Automated Market Making)
- Run best tests
- Make necessary tweaks and install
Features of ParaSwap Clone Script
ParaSwap allows crypto and NFT trading from the same platform. The DEX like ParaSwap clone script has many noteworthy features, such as:
- Token Swapping (it is faster, cheaper, and easier)
- Stake Assets (allows users to lock their crypto assets for liquidity/ rewards)
- Non-Custodial Wallets (for users to securely store crypto and NFTs in the same wallet)
- Easy Transactions (swap tokens or send crypto coins to any user/ address)
- Alerts (send alerts to users about price changes)
- Attractive Interface (keep users hooked to the platform by increasing user experience)
- Real-Time Dashboard (allows users to track their transactions in real-time through the interactive dashboard)
- Supports multiple cryptocurrencies
Validation of smart contracts, including AMM for permission-less trading and cost aggregator, are some examples of additional features you can ask to include during DEX development.
How Does the Platform Work?
- Users have to first register on the platform and create an account.
- The next step is to add money to their wallets or upload artwork (if they want to sell NFTs).
- Creators have to mint the tokens for artworks before listing them on the exchange.
- Users can swap tokens, trade crypto coins, borrow funds using collateral, or participate in the NFT auction to buy artwork.
Final Words
Why delay your dreams of becoming a crypto entrepreneur when it takes less time to start your own DEX development? You can get the best White Label ParaSwap clone script customization services from Antier. Deploy your DEX aggregator within 4-5 days without compromising security or efficiency.