Is ParaSwap decentralized?

Is ParaSwap truly decentralized, or does it possess elements of centralization within its platform? Given the nature of the cryptocurrency space and the emphasis on decentralization, it's crucial to understand the underlying structure of ParaSwap and whether it aligns with the principles of decentralization. Can you elaborate on the mechanisms in place that ensure ParaSwap remains decentralized, and if there are any potential risks to its decentralized status?