Decentralized exchange aggregator ParaSwap has rebranded as Velora and introduced a significant upgrade: Delta v2.5. This new version promises increased speed and flexibility for trade execution while addressing challenges posed by MEV (Maximum Extractable Value) bots. 18,000 active users recently joined the platform, with over 4.3 million smart contract interactions recorded in the past year, according to TokenTerminal. Velora has been employing intent-based trading since mid-2024, mitigating issues associated with MEV manipulation by minimizing opportunities for exploitative activity. 🤝 Before Delta v2.5, ParaSwap’s order execution process involved a three-step approach: price setting, auctioning to find the best trade path, and completion with the desired outcome in mind. This new approach aims to reduce the negative impact of MEV exploitation on individual users. MEV bots have been a recurring problem in DeFi, leveraging transactions for financial gain often at the expense of regular traders. Velora’s system aims to foster fairer and more efficient trading by mitigating this problem.