The announcement fell yesterday : the French unicorn Ledger has partnered with its compatriot, the decentralized exchange (Dex) Paraswap, to offer its customers holders of the Ledger Nano to exchange their cryptoassets on the Ethereum blockchain directly from the Ledger Live application.
“We are now taking the swap game to a whole new level “
Ledger announces everything from go : “we are now taking the swap game to a whole new level “. Indeed, with the integration of ParaSwap to its Ledger Live application, the French manufacturer of Cold Wallet proves to be innovative
Until now, its clients had the opportunity to exchange their assets through the platform Changelly. But with the arrival of ParaSwap in its ecosystem, Ledger offers much more than a single Dex to its customers. Because ParaSwap, a company founded in 2020 by Mounir Benchemled is an aggregator of Dex. It is therefore now to several protocols of Decentralized Finance (Defi) that owners of the Ledger Nano will have direct access, this without having to leave their application : Uniswap, Sushiswap, Curve, AAVE and Bancor are among these. In addition to the obvious security provided by such a system, with private keys stored directly on the wallet and the need to physically interact with it to validate a transaction, users benefit from what is the strength of Paraswap : a Dex that, by its ability to interact with many Defi protocols, is able to offer the best exchange rates.
“We’re looking to really integrate anything that has a’ connect your wallet ‘ button “
The analogy Ledger uses on his site speaks for itself : Using an API, ParaSwap works a bit like Expedia or Booking-it connects multiple DEXs, pooling information from each of them, giving you the power to trade native Ethereum tokens at the best rates. »
Interviewed by the site TheBlockCrypto, the CEO of Ledger, Ian Rogers, was optimistic about the future, stating that they wanted to support more Defi platforms : “We’re looking to really integrate anything that has a ‘connect your wallet’ button “.
Created in 2013, Ledger is a French startup specialized in the trade of cold-wallets for individuals and companies. In June 2021, it acquired the status of “Lircorne” by raising $ 380 million. Its valuation now stands at $ 1.5 billion. More recent, founded in 2020, the young ParaSwap stands out in the world of Defi. It raised, at its launch, no less than 2.7 million dollars.
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