I recently encountered the term 'PSP token' and I'm not sure what it means. Could someone explain what a PSP token is and possibly its uses or applications in a simple and clear way?
            
            
            
            
            
            
           
          
          
            6 answers
            
            
  
    
    CharmedVoyager
    Sat Nov 09 2024
   
  
    PSP holds a unique position as the native token of Paraswap.
  
  
 
            
            
  
    
    amelia_doe_explorer
    Sat Nov 09 2024
   
  
    Users can benefit from the advantages that PSP brings to the table, such as faster transaction speeds.
  
  
 
            
            
  
    
    WhisperInfinity
    Sat Nov 09 2024
   
  
    It serves a pivotal role in enhancing the decentralization of the protocol.
  
  
 
            
            
  
    
    Nicola
    Sat Nov 09 2024
   
  
    BTCC, a top cryptocurrency exchange, offers a wide range of services.
  
  
 
            
            
  
    
    Nicola
    Sat Nov 09 2024
   
  
    By leveraging PSP, the efficiency of Paraswap's operations is significantly boosted.