Velora Rebrand Introduces Intents-Based Trading To Enhance DeFi Execution

Decentralized exchange aggregator ParaSwap has rebranded to Velora, unveiling a major technical shift toward intents-based trading—a model that departs from traditional single-block execution by allowing traders to express desired outcomes rather than fixed transaction paths.

The shift, announced Thursday, is built on the release of Velora's Delta v2.5 infrastructure, introducing a competitive agent model where solvers and market makers vie to fulfill user-defined trading goals.

This marks a move away from the legacy aggregator model that has underpinned decentralized finance since its early growth.

At its core, intents-based trading enables users to specify conditions or outcomes—such as a desired price or action—without defining every technical step of the trade.

Competing agents then optimize execution within those parameters.

This opens up use cases like on-chain limit orders and cross-chain swaps, previously constrained by smart contract rigidity and single-block processing limitations.

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"Legacy aggregators are limited by rigid smart contracts and same-chain execution," said Velora founder Mounir Benchemled. "Intents offer greater flexibility, giving users more control over how and when their trades are executed."

According to a press release, Velora also introduces features like Instant Cross-Chain Swaps—which aim to eliminate delays and reduce bridging risks—and a Super Hooks system, allowing users to automate complex trading workflows, such as collateral swaps or liquidity pool management.

Another feature is chain abstraction, which allows users to initiate and complete trades across multiple blockchains without manual bridging.

This is central to Velora's approach to improving speed, flexibility, and overall efficiency in decentralized markets.

While the concept of intents-based DEXs has gained attention across DeFi, practical implementations have lagged.

Velora positions its infrastructure as a more production-ready version, built for both performance and usability.

The system is modular, allowing for future upgrades and the inclusion of new agent types as on-chain liquidity and trade complexity grow.

ParaSwap, now Velora, has processed over $100 billion in trading volume since its founding in 2019, and serves more than 4 million wallets, the release further stated.

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