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description: Introduction to ParaDex
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# What is ParaDex

![](https://2140620487-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MadZNzIj3p9wnNF1O7t%2F-Madh5gjP215DRSljoMe%2F-MadhfE5HoqnTVPzJG2t%2FParaDex%20gitbook.jpg?alt=media\&token=c585c915-b171-4c51-ad82-1c9905d55195)

## **What is ParaDex?**

ParaDex - The DeFi Automated Market Maker and Yield Farming protocol for digital assets, powered by the PRAD token. ParaDex is a new DeFi platform that facilitates the on-chain trading of digital assets that represent the real economy. ParaDex perform best price swap on Binance smart chain automatically. ParaDex is not just the exchange but protocol that can provide “Best Rate API” for our partners who have eager to use ParaDex technology as the material of their product and develop their idea on top of The Binance Smart Chain. On ParaDex, you will receive a much better price than any other DEXs. Besides that, If there is another pool that has a price ready to be arbitraged. ParaDex will also take the deal for you. ParaDex is not just an exchange. ParaDex is the gateway to all decentralized exchanges on the earth. ParaDex Protocol seeks to provide exposure to real-world assets risk/return profiles via smart contracts on the blockchain. ParaDex Protocol will leverage the time-tested derivative liquidity protocol and bring interoperability, scalability and a whole new array of tradable, real-world derivative products to the DeFi ecosystem. ParaDex will allow to Earn high yield on crypto assets and also makes AMM platforms more profitable by eliminating the High gas fees and shifting the profit directly to the users. PRAD Stakers and Crypto investors to earn attractive APY on their Digital Assets while also farming PRAD. Our commitment to the Binance ecosystem and native implementation on Binance Smart Chain (BSC) offer users the speed and dependability that is currently lacking on the Ethereum blockchain. PARADEX is actively following the path of progressive decentralization putting control in the hands of the community. ParaDex is a yield aggregator / optimizer that simplifies staking and yield farming with the most liquid **Binance Smart Chain** Liquidity Pools available and provides a robust yield earning environment on the market while adapting to daily liquidity needs of the different pools. ParaDex is the Token Enrichment Network, decentralized finance, simplified!

## **Why was ParaDex created?**

The DeFi space in general can be very cumbersome and quite confusing to many, especially to those of us that are new to DeFi but not necessarily to cryptocurrencies itself.&#x20;

In this wild west of the yield farming boom where there are so many out there and unknown as to who and what to trust, ParaDex is committed to solely aggregate and optimize those farms that we deem to be of the highest caliber for the users of our platform.

ParaDex aims to simplify this process by creating a seamless and streamlined process in staking your assets to earn a rewardingly high yet modest APY in the simplest and safest manner while ensuring sustainable growth within the ParaDex platform across multiple farming ecosystems and optimizing returns for maximum yields in a safe, sustainable and robust manner.

ParaDex was launched to create a truly sustainable, yet beneficial model that would ensure the longevity of the $PRAD ecosystem that allows for ParaDex to adapt and evolve with the DeFi space in general. This allows for high yield opportunities and ensuring that the $PRAD ecosystem continues to evolve and adapt. $PRAD aims to be a vanguard in decentralized finance.





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