Q3. What do people do with their PSP tokens? Once people acquire PSP tokens what do they do with them? Do they stake them? How long do they hold them for? Show the journey of PSP tokens.

ParaSwap is a DeFi-based exchange portal that is user-friendly and designed with the user’s convenience in mind.

Each Paraswap transaction shows the user a helpful summary of their transaction, including the estimated cost, price impact and minimum received. Also shown are the routing details to help users understand the path their tokens have taken and minimize confusion.

One important thing to note is that Paraswap exchanges do not incur any additional fees to the user and users only need to pay for gas fees, as with any DeFi exchange.

Paraswap returns the optimal route and effective price to the end-user through a series of routing through its internal mechanisms. Once a user taps into the exchange, Paraswap finds the best rate using a pricing aggregator that fetches off-chain pricing and then performs the swap using a smart contract to deposit the fee into a fee wallet. This may sometimes involve breaking a single order into several exchanges if that is the most price-efficient way of conducting the swap.

This mechanism eliminates the need for users to compare prices and instead frees up their time to focus on optimizing their trading strategy or educating themselves on the cryptocurrency space, like using CoinMarketCap Alexandria.

The “Swap & Transfer” function allows users to easily send tokens to other users at any address, facilitating cross-party exchanges.

Most of people who earned PSP did an action on it in the first day, 3343 of PSP winners hold it between one to 10 days and then did an action. 799 addresses hold it for more than 30 days.

Here you can see the actions that addresses did with their PSP asset:

Most of PSP owners swapped their asset. In the second rank of activities we see "transfer" action with more than 8875 times. Staking action was in the third rank. 7145 PSP owners staked their asset.

This number shows that about half of the PSP winners still hold their token, I hope they earn a good profit!