Velora (formerly ParaSwap)

What Velora (formerly ParaSwap) does

Velora (formerly ParaSwap) is an intent-based decentralized finance (DeFi) trading protocol founded in 2019 and operated under the legal entity Laita Labs Ltd in the British Virgin Islands, with a 23-person team. The platform enables users and integrators to express trade intents that are then resolved through sealed-bid batch auctions, replacing the legacy path-based DEX aggregator model with solver-driven execution. Across its history, Velora has processed $120B+ in cumulative trading volume across more than 30 million trades, supports 170+ integrations, and routes through 100+ liquidity sources on 12+ EVM-compatible blockchains.

The core technology stack centers on the Portikus infrastructure and the Augustus v6.2 smart contract layer, which together execute trades, manage routing logic, and handle settlement. The Delta Protocol and Delta V2 API expose this execution capability as programmable endpoints for external integrators, while an MCP server makes execution directly consumable by AI agents. Recent product activity includes the Augustus v6.2 contract upgrade and the rollout to newer EVM chains such as Sonic and Unichain.

Velora's revenue model combines several streams: protocol fees on trades, partnership API fees, partner surplus share from integrated yield products, market-maker participation economics, and yield optimizer revenue share. Go-to-market is API-first and B2B2C, with community-led governance and an expanding roster of integration partners including Morpho, Pendle, Usual, Ledger, Aave, and Ready.

Name

Velora (formerly ParaSwap)

Legal name

Laita Labs Ltd

Website

https://velora.xyz

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Velora (formerly ParaSwap) is an intent-based DeFi trading protocol that aggregates 100+ liquidity sources across 12+ EVM chains and serves retail traders, DeFi protocols, wallets, and AI agents via API and widget integrations.

Ownership category

akta.pro rank

Product category

Decentralized Finance (DeFi) Trading Protocol

NAICS

Securities and Commodity Exchanges (52321), Commodity Contracts Intermediation (523160)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Liquidity Aggregation & Smart Order Routing (FSADAJAD)

akta.pro secondary industries

On-Chain Limit Orders & Algorithmic Execution (FSADABAJ), Liquidity Provision & Market Making Protocols (AMMs, concentrated liquidity, LP tooling) (FSAPAEAF)

Keywords

• DEX aggregation protocol
• Intent-based trading
• Crosschain swap infrastructure
• DeFi execution API
• MEV-protected trading

Headquarters

HQ city

Road Town

HQ country

British Virgin Islands

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Protocol Fees on Trades: Velora captures a portion of the surplus returned by a trade as protocol fees. The details are documented at https://docs.velora.xyz/intro-to-velora/velora-overview/protocol-revenue. As a user of the Velora Protocol, the website may capture the surplus returned by a trade.
2. Partnership API Fee: The use of the Partnership API is subject to a fee based on conditions available via a link in the Terms of Use. The API allows partners to set a fee shared between the partner and the Service according to a specified rate.
3. Partner Fees / Surplus Share: Partners can take a cut of each swap routed through their integration. Options include a fixed fee in basis points (up to 2% / 200bps) or 50% of swap surplus (when partnerTakesSurplus is true). Surplus is the better-than-quoted portion of execution, so user quotes are unaffected by surplus-share.
4. Market Maker Participation Fees: Market makers can participate in exclusive Velora Pools to bid for order flow. Market makers are part of the institutional partner ecosystem.
5. Yield Optimizer Revenue: Velora has built a yield optimizer solution to optimize lending rates on lending protocols, which generates revenue through the protocol's fee model.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

Velora is an intent-based DeFi trading protocol that aggregates liquidity across 160+ protocols on 12+ EVM blockchains to deliver MEV-protected, gasless crosschain swaps, limit orders, TWAP, OTC bilateral trading, and yield optimization. The protocol exposes its trading infrastructure through a REST API, a TypeScript SDK, and an embeddable React Widget for wallets, dApps, and institutional partners, with execution settled via sealed-bid auctions run by a decentralized network of settlement agents on the Portikus Infrastructure.

Product overview

Velora is a comprehensive intent-based DeFi trading protocol that rebranded from ParaSwap. The platform operates as a multi-module system anchored by the core Velora Protocol and Delta Protocol, which provide DEX aggregation across 160+ protocols on 12+ EVM chains. Delta Protocol enables gasless, MEV-protected crosschain swaps through sealed-bid auctions handled by the Portikus Network. The product suite includes complementary modules: Market API for traditional DEX routing, Limit Orders and TWAP for advanced trading strategies, OTC (AugustusRFQ) for bilateral trades, Yield Optimizer for lending optimization, and On-Chain RFQ for market maker quotes. Integration is enabled via REST API, SDK (Simple/Full/Partial variants in TypeScript/JavaScript), and an embeddable Widget component. The platform targets both retail traders seeking optimized swaps and institutional partners requiring API-based DeFi execution.

Differentiator

Problem solved

Functional benefit

Products and services

• Velora Protocol Intent-based DeFi trading protocol that aggregates liquidity across 160+ protocols on 12+ blockchains to offer crosschain swaps, limit orders, TWAP, and MEV-protected execution through decentralized agent-based architecture. Used by retail DeFi traders via app.velora.xyz and integrated by institutional partners via REST API.
• Delta Protocol Intent-based trading protocol offering gasless, MEV-protected, crosschain-native swaps. Users sign off-chain orders and settlement agents compete via sealed-bid auctions to deliver optimal execution with no gas costs or sandwich attack risk. Used by retail traders and integrated into wallets, dApps, and institutional platforms.
• Aggregation Protocol DEX aggregator that combines liquidity from 160+ protocols across multiple L1 and L2 chains, integrating exclusive pricing from market makers to optimize trade execution. Used by traders and partner integrations to source best prices.
• Velora Widget Embeddable React component enabling wallets, dApps, and platforms to integrate Velora trading functionality. Supports Vite, Next.js, React, customization theming, partner fee monetization, and wallet management modes. Used by wallet and dApp partners.
• Velora SDK TypeScript/JavaScript SDK with three variants (Simple, Full, Partial) providing typed wrappers for Delta swaps, Market swaps, Limit orders, TWAP, and OTC trading with built-in partner fee and monetization support. Used by developers integrating Velora into applications.
• OTC (AugustusRFQ) Over-the-counter bilateral trading via signed AugustusRFQ orders. Makers sign orders naming specific takers; only the named counterparty can fill, enabling private, counterparty-specific trades. Used by institutional and high-value traders.
• Portikus Network Intent infrastructure powering sealed-bid auctions where settlement agents compete to fill user orders at the best possible price with MEV protection. Used by the Delta Protocol to execute intent-based orders.
• Velora Public REST API Public REST API at api.velora.xyz providing Delta V2 API, Market API, and OTC API for DEX aggregation, gasless intent-based swaps, limit orders, TWAP, and OTC trading across 10+ EVM chains. Used by developers, wallets, dApps, and institutional partners.

Quantifiable outcome

• 30M+ trades executed on the protocol
• +5 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability2 records

Feature14 records

Partnerships

Twelve partnerships are on record, tiered core and key.

• MorphocoreTechnology or IntegrationMorpho is a DeFi lending infrastructure protocol integrated with Velora, using the Velora Protocol for token exchange functionality in its decentralized lending products for retail and institutional users.
• PendlecoreTechnology or IntegrationPendle is a DeFi yield tokenization protocol integrated with Velora. Pendle splits yield-bearing assets into Principal and Yield Tokens, using Velora for exchange and swap functionality.
• UsualcoreTechnology or IntegrationUsual is a decentralized stablecoin protocol issuing USD0 (fully collateralized by real-world assets), integrated with Velora for token swap functionality.
• LedgercoreTechnology or IntegrationLedger, the cryptocurrency hardware wallet provider, offers Velora's trading functionality to its users, providing secure token swap services through the Velora Protocol.
• AavecoreTechnology or IntegrationAave is an open-source, non-custodial DeFi lending protocol integrated with Velora for exchange and token swap functionality within its lending ecosystem.
• Ready (formerly Argent)coreTechnology or IntegrationReady is a DeFi wallet (formerly Argent) that enables users to buy, earn, stake, and trade on Ethereum Layer 2 with low fees, integrating Velora Protocol for token swapping.
• Asset Managers (Institutional Partners)keyStrategic or Co-development PartnerInstitutional asset managers can integrate Velora's exchange services as part of their wealth management offering, using the dedicated API for optimized DeFi execution services for their clients.
• Lenders (Institutional Partners)keyStrategic or Co-development PartnerLending protocols and lending-focused businesses can add Velora's exchange functions to their lending capabilities, keeping users more engaged with integrated DeFi execution.
• Banks (Institutional Partners)keyStrategic or Co-development PartnerVelora can customize its offering to meet all KYC needs of banking institutions, allowing banks to offer DeFi execution services to their customers with compliance features.
• Brokers / Trading Bots (Institutional Partners)keyTechnology or IntegrationBrokers and automated trading bots can integrate with Velora to optimize execution costs and minimize slippage through the protocol's aggregation and MEV protection.
• Market Makers (Institutional Partners)keyTechnology or IntegrationMarket makers can participate in exclusive Velora Pools to bid for the order flow, providing exclusive pricing from the best market makers through Velora's on-chain RFQ system.
• Custodians (Institutional Partners)keyStrategic or Co-development PartnerDigital asset custodians can offer easily integrated token swapping functions to their clients through Velora's API, enhancing their service offering with DeFi exchange capabilities.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Squid Router: Squid is a crosschain swap router using Axelar network for cross-chain routing with intent-based execution. Emerging competitor in the crosschain DEX aggregation space where Velora also competes.
• Rango Exchange: Rango is a crosschain DEX aggregator spanning EVM and non-EVM chains with bridge aggregation. Comparable to Velora's crosschain aggregation capabilities though with a broader non-EVM chain focus.
• Across Protocol: Across is an intent-based crosschain bridge and swap protocol optimizing for speed and cost. Comparable to Velora's crosschain swap functionality with an emerging intent-based architecture for bridge transactions.

Direct peers

• 1inch: 1inch is a leading DEX aggregator that aggregates liquidity across multiple chains and DEXs to optimize swap execution. Direct competitor to Velora's aggregation protocol with a similar multi-chain, multi-protocol routing model.
• 0x (Matcha): 0x operates a DEX aggregator (Matcha) and provides aggregated liquidity infrastructure used by wallets and dApps via API. Comparable to Velora in targeting API-first integration into wallets and dApps with cross-chain execution.
• CoW Protocol (CowSwap): CoW Protocol is an intent-based DEX aggregator using batch auctions and MEV protection to settle trades. Direct peer to Velora's Delta Protocol with overlapping intent-based architecture, MEV protection, and gasless execution.
• KyberSwap: KyberSwap is a multi-chain DEX aggregator and trading protocol with limit orders and crosschain swaps. Direct competitor with similar feature set including limit orders, TWAP, and multi-chain aggregation.
• OpenOcean: OpenOcean is a multi-chain DEX aggregator offering crosschain swaps, limit orders, and smart routing across EVM and non-EVM chains. Direct peer to Velora in the DEX aggregator category with overlapping crosschain and limit order features.

Broad incumbents

• Uniswap: Uniswap is the largest decentralized exchange and a foundational liquidity venue for the DeFi ecosystem. As a broad incumbent, Uniswap is both a liquidity source for Velora's aggregation and a competitor for end-user trading volume.

Regional players

• Jupiter Aggregator: Jupiter is the dominant DEX aggregator on Solana with intent-based routing and extensive protocol integrations. Comparable business model to Velora but primarily focused on the Solana ecosystem rather than EVM chains.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/veloradex
• GitHubgithub.com/veloraDEX
• LinkedInlinkedin.com/company/veloradex

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Velora (formerly ParaSwap)