Decentralized exchange ParaSwap has joined the ranks of DeFi platforms that launch their native governance token, PSP, via an airdrop. In most cases, these events cause a lot of hype in the community, as users are rewarded for supporting the platform.
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The ParaSwap airdrop was not an exemption with many users jumping into the platform to qualify and receive the funds in PSP. However, the platform employed a new logic to distribute its native token.
Unlike Uniswap, a decentralized exchange that sends every user that ever interacted with their smart contract a portion of their governance token, UNI, ParaSwap took a different approach. By making a tradeoff between more decentralization or