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What is Avalanche (AVAX)?

Avalanche (AVAX) is a cryptocurrency and blockchain platform that rivals Ethereum. AVAX is the native token of the Avalanche blockchain, which—like Ethereum—uses smart contracts to support a variety of blockchain projects.The Avalanche blockchain can provide near-instant transaction finality. AVAX is used to pay transaction processing fees, secure the Avalanche network, and act as a basic unit of account among blockchains in the Avalanche network.Avalanche is generally governed by the proof-of-stake mechanism. AVAX holders are required to stake—agree not to trade or sell—AVAX in exchange for the right to validate AVAX transactions. AVAX holders with the most staked, and who actively participate as validators, are the most likely to be chosen as validators for new Avalanche blocks. Holding AVAX tokens is also required to vote on Avalanche governance proposals.[source](Avalanche is generally governed by the proof-of-stake mechanism. AVAX holders are required to stake—agree not to trade or sell—AVAX in exchange for the right to validate AVAX transactions. AVAX holders with the most staked, and who actively participate as validators, are the most likely to be chosen as validators for new Avalanche blocks. Holding AVAX tokens is also required to vote on Avalanche governance proposals.source

What is a DEX?

A decentralized exchange (DEX) enables users to trade crypto assets through blockchain transactions without the need for a custodian or centralized intermediary.A DEX (decentralized exchange) is a peer-to-peer marketplace where users can trade cryptocurrencies in a non-custodial manner without the need for an intermediary to facilitate the transfer and custody of funds. DEXs substitute intermediaries—traditionally, banks, brokers, payment processors, or other institutions—with blockchain-based smart contracts that facilitate the exchange of assets. Compared to traditional financial transactions, which are opaque and run through intermediaries who offer extremely limited insight into their actions, DEXs offer complete transparency into the movement of funds and the mechanisms facilitating exchange. In addition, as user funds don’t pass through a third party’s cryptocurrency wallet during trading, DEXs reduce counterparty risk and can decrease systemic centralization risks in the cryptocurrency ecosystem.source

What is ParaSwap?

ParaSwap is a decentralized exchange (DEX) aggregator that optimizes swaps for users through better prices, limited gas fees, and lower slippage. ParaSwap sources their liquidity from major DEXes such as Uniswap, Balancer, Curve, Kyber, in addition to ParaSwapPool, their professional Market Maker network. ParaSwap is free to use and users can interact with it directly on the ParaSwap interface or through wallets such as Argent, Monolith, and Metamask.ParaSwap’s v3 was launched in February 2021 with a brand new UI, highly optimized smart contracts, and a robust suite of dApp services. Now, traders and dapps can benefit from ParaSwap’s state-of-the-art Plug & Play API, easy-to-use SDK, and performant set of smart contracts for both off-chain and on-chain integrations.source