diff --git a/discord/ext/commands/__init__.py b/discord/ext/commands/__init__.py
index 3da57d80b..61d66090e 100644
--- a/discord/ext/commands/__init__.py
+++ b/discord/ext/commands/__init__.py
@@ -9,11 +9,12 @@ An extension module to facilitate creation of bot commands.
 """
 
 from .bot import *
+from .cog import *
 from .context import *
-from .core import *
-from .errors import *
-from .help import *
 from .converter import *
 from .cooldowns import *
-from .cog import *
+from .core import *
+from .errors import *
 from .flags import *
+from .help import *
+from .parameters import *
diff --git a/discord/ext/commands/context.py b/discord/ext/commands/context.py
index 09b63a4e5..c66b32035 100644
--- a/discord/ext/commands/context.py
+++ b/discord/ext/commands/context.py
@@ -23,18 +23,15 @@ DEALINGS IN THE SOFTWARE.
 """
 from __future__ import annotations
 
-import inspect
 import re
-
-from typing import Any, Dict, Generic, List, Optional, TYPE_CHECKING, TypeVar, Union
-
-from ._types import BotT
+from typing import TYPE_CHECKING, Any, Dict, Generic, List, Optional, TypeVar, Union
 
 import discord.abc
 import discord.utils
-
 from discord.message import Message
 
+from ._types import BotT
+
 if TYPE_CHECKING:
     from typing_extensions import ParamSpec
 
@@ -47,6 +44,7 @@ if TYPE_CHECKING:
 
     from .cog import Cog
     from .core import Command
+    from .parameters import Parameter
     from .view import StringView
 
 # fmt: off
@@ -90,7 +88,7 @@ class Context(discord.abc.Messageable, Generic[BotT]):
         A dictionary of transformed arguments that were passed into the command.
         Similar to :attr:`args`\, if this is accessed in the
         :func:`.on_command_error` event then this dict could be incomplete.
-    current_parameter: Optional[:class:`inspect.Parameter`]
+    current_parameter: Optional[:class:`Parameter`]
         The parameter that is currently being inspected and converted.
         This is only of use for within converters.
 
@@ -143,7 +141,7 @@ class Context(discord.abc.Messageable, Generic[BotT]):
         invoked_subcommand: Optional[Command[Any, ..., Any]] = None,
         subcommand_passed: Optional[str] = None,
         command_failed: bool = False,
-        current_parameter: Optional[inspect.Parameter] = None,
+        current_parameter: Optional[Parameter] = None,
         current_argument: Optional[str] = None,
     ):
         self.message: Message = message
@@ -158,7 +156,7 @@ class Context(discord.abc.Messageable, Generic[BotT]):
         self.invoked_subcommand: Optional[Command[Any, ..., Any]] = invoked_subcommand
         self.subcommand_passed: Optional[str] = subcommand_passed
         self.command_failed: bool = command_failed
-        self.current_parameter: Optional[inspect.Parameter] = current_parameter
+        self.current_parameter: Optional[Parameter] = current_parameter
         self.current_argument: Optional[str] = current_argument
         self._state: ConnectionState = self.message._state
 
@@ -357,7 +355,7 @@ class Context(discord.abc.Messageable, Generic[BotT]):
         Any
             The result of the help command, if any.
         """
-        from .core import Group, Command, wrap_callback
+        from .core import Command, Group, wrap_callback
         from .errors import CommandError
 
         bot = self.bot
diff --git a/discord/ext/commands/converter.py b/discord/ext/commands/converter.py
index 93ffd1a6c..7bf29412d 100644
--- a/discord/ext/commands/converter.py
+++ b/discord/ext/commands/converter.py
@@ -24,35 +24,36 @@ DEALINGS IN THE SOFTWARE.
 
 from __future__ import annotations
 
-import re
 import inspect
+import re
 from typing import (
+    TYPE_CHECKING,
     Any,
     Dict,
     Generic,
     Iterable,
+    List,
     Literal,
     Optional,
-    TYPE_CHECKING,
-    List,
     Protocol,
+    Tuple,
     Type,
     TypeVar,
-    Tuple,
     Union,
     runtime_checkable,
 )
 
 import discord
+
 from .errors import *
 
 if TYPE_CHECKING:
-    from .context import Context
     from discord.state import Channel
     from discord.threads import Thread
 
+    from .parameters import Parameter
     from ._types import BotT, _Bot
-
+    from .context import Context
 
 __all__ = (
     'Converter',
@@ -1062,16 +1063,6 @@ def _convert_to_bool(argument: str) -> bool:
         raise BadBoolArgument(lowered)
 
 
-def get_converter(param: inspect.Parameter) -> Any:
-    converter = param.annotation
-    if converter is param.empty:
-        if param.default is not param.empty:
-            converter = str if param.default is None else type(param.default)
-        else:
-            converter = str
-    return converter
-
-
 _GenericAlias = type(List[T])
 
 
@@ -1141,7 +1132,7 @@ async def _actual_conversion(ctx: Context[BotT], converter, argument: str, param
         raise BadArgument(f'Converting to "{name}" failed for parameter "{param.name}".') from exc
 
 
-async def run_converters(ctx: Context[BotT], converter: Any, argument: str, param: inspect.Parameter) -> Any:
+async def run_converters(ctx: Context[BotT], converter: Any, argument: str, param: Parameter) -> Any:
     """|coro|
 
     Runs converters for a given converter, argument, and parameter.
@@ -1158,7 +1149,7 @@ async def run_converters(ctx: Context[BotT], converter: Any, argument: str, para
         The converter to run, this corresponds to the annotation in the function.
     argument: :class:`str`
         The argument to convert to.
-    param: :class:`inspect.Parameter`
+    param: :class:`Parameter`
         The parameter being converted. This is mainly for error reporting.
 
     Raises
@@ -1183,7 +1174,7 @@ async def run_converters(ctx: Context[BotT], converter: Any, argument: str, para
             # with the other parameters
             if conv is _NoneType and param.kind != param.VAR_POSITIONAL:
                 ctx.view.undo()
-                return None if param.default is param.empty else param.default
+                return None if param.required else await param.get_default(ctx)
 
             try:
                 value = await run_converters(ctx, conv, argument, param)
diff --git a/discord/ext/commands/core.py b/discord/ext/commands/core.py
index c43b4320e..6ef424f56 100644
--- a/discord/ext/commands/core.py
+++ b/discord/ext/commands/core.py
@@ -23,54 +23,44 @@ DEALINGS IN THE SOFTWARE.
 """
 from __future__ import annotations
 
+import asyncio
+import datetime
+import functools
+import inspect
 from typing import (
+    TYPE_CHECKING,
     Any,
     Callable,
     Dict,
     Generator,
     Generic,
-    Literal,
     List,
+    Literal,
     Optional,
-    Union,
     Set,
     Tuple,
-    TypeVar,
     Type,
-    TYPE_CHECKING,
+    TypeVar,
+    Union,
     overload,
 )
-import asyncio
-import functools
-import inspect
-import datetime
 
 import discord
 
-from .errors import *
-from .cooldowns import Cooldown, BucketType, CooldownMapping, MaxConcurrency, DynamicCooldownMapping
-from .converter import run_converters, get_converter, Greedy
 from ._types import _BaseCommand
 from .cog import Cog
 from .context import Context
-
+from .converter import Greedy, run_converters
+from .cooldowns import BucketType, Cooldown, CooldownMapping, DynamicCooldownMapping, MaxConcurrency
+from .errors import *
+from .parameters import Parameter, Signature
 
 if TYPE_CHECKING:
-    from typing_extensions import Concatenate, ParamSpec, TypeGuard, Self
+    from typing_extensions import Concatenate, ParamSpec, Self, TypeGuard
 
     from discord.message import Message
 
-    from ._types import (
-        BotT,
-        ContextT,
-        Coro,
-        CoroFunc,
-        Check,
-        Hook,
-        Error,
-        ErrorT,
-        HookT,
-    )
+    from ._types import BotT, Check, ContextT, Coro, CoroFunc, Error, ErrorT, Hook, HookT
 
 
 __all__ = (
@@ -131,9 +121,9 @@ def get_signature_parameters(
     /,
     *,
     skip_parameters: Optional[int] = None,
-) -> Dict[str, inspect.Parameter]:
-    signature = inspect.signature(function)
-    params = {}
+) -> Dict[str, Parameter]:
+    signature = Signature.from_callable(function)
+    params: Dict[str, Parameter] = {}
     cache: Dict[str, Any] = {}
     eval_annotation = discord.utils.evaluate_annotation
     required_params = discord.utils.is_inside_class(function) + 1 if skip_parameters is None else skip_parameters
@@ -145,10 +135,14 @@ def get_signature_parameters(
         next(iterator)
 
     for name, parameter in iterator:
+        default = parameter.default
+        if isinstance(default, Parameter):  # update from the default
+            parameter._annotation = default.annotation
+            parameter._default = default.default
+            parameter._displayed_default = default._displayed_default
+
         annotation = parameter.annotation
-        if annotation is parameter.empty:
-            params[name] = parameter
-            continue
+
         if annotation is None:
             params[name] = parameter.replace(annotation=type(None))
             continue
@@ -435,7 +429,7 @@ class Command(_BaseCommand, Generic[CogT, P, T]):
         except AttributeError:
             globalns = {}
 
-        self.params: Dict[str, inspect.Parameter] = get_signature_parameters(function, globalns)
+        self.params: Dict[str, Parameter] = get_signature_parameters(function, globalns)
 
     def add_check(self, func: Check[ContextT], /) -> None:
         """Adds a check to the command.
@@ -571,9 +565,8 @@ class Command(_BaseCommand, Generic[CogT, P, T]):
         finally:
             ctx.bot.dispatch('command_error', ctx, error)
 
-    async def transform(self, ctx: Context[BotT], param: inspect.Parameter, /) -> Any:
-        required = param.default is param.empty
-        converter = get_converter(param)
+    async def transform(self, ctx: Context[BotT], param: Parameter, /) -> Any:
+        converter = param.converter
         consume_rest_is_special = param.kind == param.KEYWORD_ONLY and not self.rest_is_raw
         view = ctx.view
         view.skip_ws()
@@ -582,7 +575,7 @@ class Command(_BaseCommand, Generic[CogT, P, T]):
         # it undos the view ready for the next parameter to use instead
         if isinstance(converter, Greedy):
             if param.kind in (param.POSITIONAL_OR_KEYWORD, param.POSITIONAL_ONLY):
-                return await self._transform_greedy_pos(ctx, param, required, converter.converter)
+                return await self._transform_greedy_pos(ctx, param, param.required, converter.converter)
             elif param.kind == param.VAR_POSITIONAL:
                 return await self._transform_greedy_var_pos(ctx, param, converter.converter)
             else:
@@ -594,13 +587,13 @@ class Command(_BaseCommand, Generic[CogT, P, T]):
         if view.eof:
             if param.kind == param.VAR_POSITIONAL:
                 raise RuntimeError()  # break the loop
-            if required:
+            if param.required:
                 if self._is_typing_optional(param.annotation):
                     return None
                 if hasattr(converter, '__commands_is_flag__') and converter._can_be_constructible():
                     return await converter._construct_default(ctx)
                 raise MissingRequiredArgument(param)
-            return param.default
+            return await param.get_default(ctx)
 
         previous = view.index
         if consume_rest_is_special:
@@ -619,9 +612,7 @@ class Command(_BaseCommand, Generic[CogT, P, T]):
         # type-checker fails to narrow argument
         return await run_converters(ctx, converter, argument, param)  # type: ignore
 
-    async def _transform_greedy_pos(
-        self, ctx: Context[BotT], param: inspect.Parameter, required: bool, converter: Any
-    ) -> Any:
+    async def _transform_greedy_pos(self, ctx: Context[BotT], param: Parameter, required: bool, converter: Any) -> Any:
         view = ctx.view
         result = []
         while not view.eof:
@@ -639,10 +630,10 @@ class Command(_BaseCommand, Generic[CogT, P, T]):
                 result.append(value)
 
         if not result and not required:
-            return param.default
+            return await param.get_default(ctx)
         return result
 
-    async def _transform_greedy_var_pos(self, ctx: Context[BotT], param: inspect.Parameter, converter: Any) -> Any:
+    async def _transform_greedy_var_pos(self, ctx: Context[BotT], param: Parameter, converter: Any) -> Any:
         view = ctx.view
         previous = view.index
         try:
@@ -655,8 +646,8 @@ class Command(_BaseCommand, Generic[CogT, P, T]):
             return value
 
     @property
-    def clean_params(self) -> Dict[str, inspect.Parameter]:
-        """Dict[:class:`str`, :class:`inspect.Parameter`]:
+    def clean_params(self) -> Dict[str, Parameter]:
+        """Dict[:class:`str`, :class:`Parameter`]:
         Retrieves the parameter dictionary without the context or self parameters.
 
         Useful for inspecting signature.
@@ -753,9 +744,8 @@ class Command(_BaseCommand, Generic[CogT, P, T]):
             elif param.kind == param.KEYWORD_ONLY:
                 # kwarg only param denotes "consume rest" semantics
                 if self.rest_is_raw:
-                    converter = get_converter(param)
                     ctx.current_argument = argument = view.read_rest()
-                    kwargs[name] = await run_converters(ctx, converter, argument, param)
+                    kwargs[name] = await run_converters(ctx, param.converter, argument, param)
                 else:
                     kwargs[name] = await self.transform(ctx, param)
                 break
@@ -1078,29 +1068,31 @@ class Command(_BaseCommand, Generic[CogT, P, T]):
 
         result = []
         for name, param in params.items():
-            greedy = isinstance(param.annotation, Greedy)
+            greedy = isinstance(param.converter, Greedy)
             optional = False  # postpone evaluation of if it's an optional argument
 
-            # for typing.Literal[...], typing.Optional[typing.Literal[...]], and Greedy[typing.Literal[...]], the
-            # parameter signature is a literal list of it's values
-            annotation = param.annotation.converter if greedy else param.annotation
+            annotation = param.converter.converter if greedy else param.converter  # type: ignore  # needs conditional types
             origin = getattr(annotation, '__origin__', None)
             if not greedy and origin is Union:
                 none_cls = type(None)
-                union_args = annotation.__args__
+                union_args = annotation.__args__  # type: ignore  # this is safe
                 optional = union_args[-1] is none_cls
                 if len(union_args) == 2 and optional:
                     annotation = union_args[0]
                     origin = getattr(annotation, '__origin__', None)
 
+            # for typing.Literal[...], typing.Optional[typing.Literal[...]], and Greedy[typing.Literal[...]], the
+            # parameter signature is a literal list of it's values
             if origin is Literal:
-                name = '|'.join(f'"{v}"' if isinstance(v, str) else str(v) for v in annotation.__args__)
-            if param.default is not param.empty:
+                name = '|'.join(f'"{v}"' if isinstance(v, str) else str(v) for v in annotation.__args__)  # type: ignore  # this is safe
+            if not param.required:
                 # We don't want None or '' to trigger the [name=value] case and instead it should
                 # do [name] since [name=None] or [name=] are not exactly useful for the user.
                 should_print = param.default if isinstance(param.default, str) else param.default is not None
                 if should_print:
-                    result.append(f'[{name}={param.default}]' if not greedy else f'[{name}={param.default}]...')
+                    result.append(
+                        f'[{name}={param.displayed_default}]' if not greedy else f'[{name}={param.displayed_default}]...'
+                    )
                     continue
                 else:
                     result.append(f'[{name}]')
diff --git a/discord/ext/commands/errors.py b/discord/ext/commands/errors.py
index 670eba4e9..037183894 100644
--- a/discord/ext/commands/errors.py
+++ b/discord/ext/commands/errors.py
@@ -24,22 +24,21 @@ DEALINGS IN THE SOFTWARE.
 
 from __future__ import annotations
 
-from typing import Optional, Any, TYPE_CHECKING, List, Callable, Tuple, Union
+from typing import TYPE_CHECKING, Any, Callable, List, Optional, Tuple, Union
 
 from discord.errors import ClientException, DiscordException
 
 if TYPE_CHECKING:
-    from inspect import Parameter
-
-    from .converter import Converter
-    from .context import Context
-    from .cooldowns import Cooldown, BucketType
-    from .flags import Flag
     from discord.abc import GuildChannel
     from discord.threads import Thread
     from discord.types.snowflake import Snowflake, SnowflakeList
 
     from ._types import BotT
+    from .context import Context
+    from .converter import Converter
+    from .cooldowns import BucketType, Cooldown
+    from .flags import Flag
+    from .parameters import Parameter
 
 
 __all__ = (
@@ -173,7 +172,7 @@ class MissingRequiredArgument(UserInputError):
 
     Attributes
     -----------
-    param: :class:`inspect.Parameter`
+    param: :class:`Parameter`
         The argument that is missing.
     """
 
@@ -687,11 +686,11 @@ class MissingAnyRole(CheckFailure):
         missing = [f"'{role}'" for role in missing_roles]
 
         if len(missing) > 2:
-            fmt = '{}, or {}'.format(", ".join(missing[:-1]), missing[-1])
+            fmt = '{}, or {}'.format(', '.join(missing[:-1]), missing[-1])
         else:
             fmt = ' or '.join(missing)
 
-        message = f"You are missing at least one of the required roles: {fmt}"
+        message = f'You are missing at least one of the required roles: {fmt}'
         super().__init__(message)
 
 
@@ -717,11 +716,11 @@ class BotMissingAnyRole(CheckFailure):
         missing = [f"'{role}'" for role in missing_roles]
 
         if len(missing) > 2:
-            fmt = '{}, or {}'.format(", ".join(missing[:-1]), missing[-1])
+            fmt = '{}, or {}'.format(', '.join(missing[:-1]), missing[-1])
         else:
             fmt = ' or '.join(missing)
 
-        message = f"Bot is missing at least one of the required roles: {fmt}"
+        message = f'Bot is missing at least one of the required roles: {fmt}'
         super().__init__(message)
 
 
@@ -761,7 +760,7 @@ class MissingPermissions(CheckFailure):
         missing = [perm.replace('_', ' ').replace('guild', 'server').title() for perm in missing_permissions]
 
         if len(missing) > 2:
-            fmt = '{}, and {}'.format(", ".join(missing[:-1]), missing[-1])
+            fmt = '{}, and {}'.format(', '.join(missing[:-1]), missing[-1])
         else:
             fmt = ' and '.join(missing)
         message = f'You are missing {fmt} permission(s) to run this command.'
@@ -786,7 +785,7 @@ class BotMissingPermissions(CheckFailure):
         missing = [perm.replace('_', ' ').replace('guild', 'server').title() for perm in missing_permissions]
 
         if len(missing) > 2:
-            fmt = '{}, and {}'.format(", ".join(missing[:-1]), missing[-1])
+            fmt = '{}, and {}'.format(', '.join(missing[:-1]), missing[-1])
         else:
             fmt = ' and '.join(missing)
         message = f'Bot requires {fmt} permission(s) to run this command.'
diff --git a/discord/ext/commands/flags.py b/discord/ext/commands/flags.py
index 64d57a145..76d8ba051 100644
--- a/discord/ext/commands/flags.py
+++ b/discord/ext/commands/flags.py
@@ -24,37 +24,17 @@ DEALINGS IN THE SOFTWARE.
 
 from __future__ import annotations
 
-from .errors import (
-    BadFlagArgument,
-    CommandError,
-    MissingFlagArgument,
-    TooManyFlags,
-    MissingRequiredFlag,
-)
-
-from discord.utils import resolve_annotation
-from .view import StringView
-from .converter import run_converters
-
-from discord.utils import maybe_coroutine, MISSING
-from dataclasses import dataclass, field
-from typing import (
-    Dict,
-    Iterator,
-    Literal,
-    Optional,
-    Pattern,
-    Set,
-    TYPE_CHECKING,
-    Tuple,
-    List,
-    Any,
-    Union,
-)
-
 import inspect
-import sys
 import re
+import sys
+from dataclasses import dataclass, field
+from typing import TYPE_CHECKING, Any, Dict, Iterator, List, Literal, Optional, Pattern, Set, Tuple, Union
+
+from discord.utils import MISSING, maybe_coroutine, resolve_annotation
+
+from .converter import run_converters
+from .errors import BadFlagArgument, CommandError, MissingFlagArgument, MissingRequiredFlag, TooManyFlags
+from .view import StringView
 
 __all__ = (
     'Flag',
@@ -66,9 +46,9 @@ __all__ = (
 if TYPE_CHECKING:
     from typing_extensions import Self
 
-    from .context import Context
-
     from ._types import BotT
+    from .context import Context
+    from .parameters import Parameter
 
 
 @dataclass
@@ -351,7 +331,7 @@ class FlagsMeta(type):
 async def tuple_convert_all(ctx: Context[BotT], argument: str, flag: Flag, converter: Any) -> Tuple[Any, ...]:
     view = StringView(argument)
     results = []
-    param: inspect.Parameter = ctx.current_parameter  # type: ignore
+    param: Parameter = ctx.current_parameter  # type: ignore
     while not view.eof:
         view.skip_ws()
         if view.eof:
@@ -376,7 +356,7 @@ async def tuple_convert_all(ctx: Context[BotT], argument: str, flag: Flag, conve
 async def tuple_convert_flag(ctx: Context[BotT], argument: str, flag: Flag, converters: Any) -> Tuple[Any, ...]:
     view = StringView(argument)
     results = []
-    param: inspect.Parameter = ctx.current_parameter  # type: ignore
+    param: Parameter = ctx.current_parameter  # type: ignore
     for converter in converters:
         view.skip_ws()
         if view.eof:
@@ -402,7 +382,7 @@ async def tuple_convert_flag(ctx: Context[BotT], argument: str, flag: Flag, conv
 
 
 async def convert_flag(ctx: Context[BotT], argument: str, flag: Flag, annotation: Any = None) -> Any:
-    param: inspect.Parameter = ctx.current_parameter  # type: ignore
+    param: Parameter = ctx.current_parameter  # type: ignore
     annotation = annotation or flag.annotation
     try:
         origin = annotation.__origin__
diff --git a/discord/ext/commands/help.py b/discord/ext/commands/help.py
index 01458ab28..ca2dab52e 100644
--- a/discord/ext/commands/help.py
+++ b/discord/ext/commands/help.py
@@ -51,13 +51,13 @@ from .errors import CommandError
 
 if TYPE_CHECKING:
     from typing_extensions import Self
-    import inspect
 
     import discord.abc
 
     from .bot import BotBase
     from .context import Context
     from .cog import Cog
+    from .parameters import Parameter
 
     from ._types import (
         Check,
@@ -224,9 +224,7 @@ class _HelpCommandImpl(Command):
         super().__init__(inject.command_callback, *args, **kwargs)
         self._original: HelpCommand = inject
         self._injected: HelpCommand = inject
-        self.params: Dict[str, inspect.Parameter] = get_signature_parameters(
-            inject.command_callback, globals(), skip_parameters=1
-        )
+        self.params: Dict[str, Parameter] = get_signature_parameters(inject.command_callback, globals(), skip_parameters=1)
 
     async def prepare(self, ctx: Context[Any]) -> None:
         self._injected = injected = self._original.copy()
@@ -1021,7 +1019,7 @@ class DefaultHelpCommand(HelpCommand):
         self.sort_commands: bool = options.pop('sort_commands', True)
         self.dm_help: bool = options.pop('dm_help', False)
         self.dm_help_threshold: int = options.pop('dm_help_threshold', 1000)
-        self.commands_heading: str = options.pop('commands_heading', "Commands:")
+        self.commands_heading: str = options.pop('commands_heading', 'Commands:')
         self.no_category: str = options.pop('no_category', 'No Category')
         self.paginator: Paginator = options.pop('paginator', None)
 
@@ -1045,8 +1043,8 @@ class DefaultHelpCommand(HelpCommand):
         """:class:`str`: Returns help command's ending note. This is mainly useful to override for i18n purposes."""
         command_name = self.invoked_with
         return (
-            f"Type {self.context.clean_prefix}{command_name} command for more info on a command.\n"
-            f"You can also type {self.context.clean_prefix}{command_name} category for more info on a category."
+            f'Type {self.context.clean_prefix}{command_name} command for more info on a command.\n'
+            f'You can also type {self.context.clean_prefix}{command_name} category for more info on a category.'
         )
 
     def add_indented_commands(
@@ -1235,10 +1233,10 @@ class MinimalHelpCommand(HelpCommand):
 
     def __init__(self, **options: Any) -> None:
         self.sort_commands: bool = options.pop('sort_commands', True)
-        self.commands_heading: str = options.pop('commands_heading', "Commands")
+        self.commands_heading: str = options.pop('commands_heading', 'Commands')
         self.dm_help: bool = options.pop('dm_help', False)
         self.dm_help_threshold: int = options.pop('dm_help_threshold', 1000)
-        self.aliases_heading: str = options.pop('aliases_heading', "Aliases:")
+        self.aliases_heading: str = options.pop('aliases_heading', 'Aliases:')
         self.no_category: str = options.pop('no_category', 'No Category')
         self.paginator: Paginator = options.pop('paginator', None)
 
@@ -1268,8 +1266,8 @@ class MinimalHelpCommand(HelpCommand):
         """
         command_name = self.invoked_with
         return (
-            f"Use `{self.context.clean_prefix}{command_name} [command]` for more info on a command.\n"
-            f"You can also use `{self.context.clean_prefix}{command_name} [category]` for more info on a category."
+            f'Use `{self.context.clean_prefix}{command_name} [command]` for more info on a command.\n'
+            f'You can also use `{self.context.clean_prefix}{command_name} [category]` for more info on a category.'
         )
 
     def get_command_signature(self, command: Command[Any, ..., Any], /) -> str:
diff --git a/discord/ext/commands/parameters.py b/discord/ext/commands/parameters.py
new file mode 100644
index 000000000..404b77ff1
--- /dev/null
+++ b/discord/ext/commands/parameters.py
@@ -0,0 +1,246 @@
+"""
+The MIT License (MIT)
+
+Copyright (c) 2015-present Rapptz
+
+Permission is hereby granted, free of charge, to any person obtaining a
+copy of this software and associated documentation files (the "Software"),
+to deal in the Software without restriction, including without limitation
+the rights to use, copy, modify, merge, publish, distribute, sublicense,
+and/or sell copies of the Software, and to permit persons to whom the
+Software is furnished to do so, subject to the following conditions:
+
+The above copyright notice and this permission notice shall be included in
+all copies or substantial portions of the Software.
+
+THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS
+OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
+FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
+AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
+LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING
+FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER
+DEALINGS IN THE SOFTWARE.
+"""
+
+from __future__ import annotations
+
+import inspect
+from operator import attrgetter
+from typing import TYPE_CHECKING, Any, Literal, Optional, OrderedDict, Union
+
+from discord.utils import MISSING, maybe_coroutine
+
+from . import converter
+from .errors import MissingRequiredArgument
+
+if TYPE_CHECKING:
+    from typing_extensions import Self
+
+    from discord import Guild, Member, TextChannel, User
+
+    from .context import Context
+
+__all__ = (
+    'Parameter',
+    'parameter',
+    'param',
+    'Author',
+    'CurrentChannel',
+    'CurrentGuild',
+)
+
+
+ParamKinds = Union[
+    Literal[inspect.Parameter.POSITIONAL_ONLY],
+    Literal[inspect.Parameter.POSITIONAL_OR_KEYWORD],
+    Literal[inspect.Parameter.VAR_POSITIONAL],
+    Literal[inspect.Parameter.KEYWORD_ONLY],
+    Literal[inspect.Parameter.VAR_KEYWORD],
+]
+
+empty: Any = inspect.Parameter.empty
+
+
+def _gen_property(name: str) -> property:
+    attr = f'_{name}'
+    return property(
+        attrgetter(attr),
+        lambda self, value: setattr(self, attr, value),
+        doc="The parameter's {name}.",
+    )
+
+
+class Parameter(inspect.Parameter):
+    r"""A class that stores information on a :class:`Command`\'s parameter.
+    This is a subclass of :class:`inspect.Parameter`.
+
+    .. versionadded:: 2.0
+    """
+
+    __slots__ = ('_displayed_default',)
+
+    def __init__(
+        self,
+        name: str,
+        kind: ParamKinds,
+        default: Any = empty,
+        annotation: Any = empty,
+        displayed_default: str = empty,
+    ) -> None:
+        super().__init__(name=name, kind=kind, default=default, annotation=annotation)
+        self._name = name
+        self._kind = kind
+        self._default = default
+        self._annotation = annotation
+        self._displayed_default = displayed_default
+
+    def replace(
+        self,
+        *,
+        name: str = MISSING,  # MISSING here cause empty is valid
+        kind: ParamKinds = MISSING,
+        default: Any = MISSING,
+        annotation: Any = MISSING,
+        displayed_default: Any = MISSING,
+    ) -> Self:
+        if name is MISSING:
+            name = self._name
+        if kind is MISSING:
+            kind = self._kind  # type: ignore  # this assignment is actually safe
+        if default is MISSING:
+            default = self._default
+        if annotation is MISSING:
+            annotation = self._annotation
+        if displayed_default is MISSING:
+            displayed_default = self._displayed_default
+
+        return self.__class__(
+            name=name,
+            kind=kind,
+            default=default,
+            annotation=annotation,
+            displayed_default=displayed_default,
+        )
+
+    if not TYPE_CHECKING:  # this is to prevent anything breaking if inspect internals change
+        name = _gen_property('name')
+        kind = _gen_property('kind')
+        default = _gen_property('default')
+        annotation = _gen_property('annotation')
+
+    @property
+    def required(self) -> bool:
+        """:class:`bool`: Whether this parameter is required."""
+        return self.default is empty
+
+    @property
+    def converter(self) -> Any:
+        """The converter that should be used for this parameter."""
+        if self.annotation is empty:
+            return type(self.default) if self.default not in (empty, None) else str
+
+        return self.annotation
+
+    @property
+    def displayed_default(self) -> Optional[str]:
+        """Optional[:class:`str`]: The displayed default in :class:`Command.signature`."""
+        if self._displayed_default is not empty:
+            return self._displayed_default
+
+        return None if self.required else str(self.default)
+
+    async def get_default(self, ctx: Context) -> Any:
+        """|coro|
+
+        Gets this parameter's default value.
+
+        Parameters
+        ----------
+        ctx: :class:`Context`
+            The invocation context that is used to get the default argument.
+        """
+        # pre-condition: required is False
+        if callable(self.default):
+            return await maybe_coroutine(self.default, ctx)  # type: ignore
+        return self.default
+
+
+def parameter(
+    *,
+    converter: Any = empty,
+    default: Any = empty,
+    displayed_default: str = empty,
+) -> Any:
+    r"""parameter(\*, converter=..., default=..., displayed_default=...)
+
+    A way to assign custom metadata for a :class:`Command`\'s parameter.
+
+    .. versionadded:: 2.0
+
+    Examples
+    --------
+    A custom default can be used to have late binding behaviour.
+
+    .. code-block:: python3
+
+        @bot.command()
+        async def wave(to: discord.User = commands.parameter(default=lambda ctx: ctx.author)):
+            await ctx.send(f'Hello {to.mention} :wave:')
+
+    Parameters
+    ----------
+    converter: Any
+        The converter to use for this parameter, this replaces the annotation at runtime which is transparent to type checkers.
+    default: Any
+        The default value for the parameter, if this is a :term:`callable` or a |coroutine_link|_ it is called with a
+        positional :class:`Context` argument.
+    displayed_default: :class:`str`
+        The displayed default in :attr:`Command.signature`.
+    """
+    return Parameter(
+        name='empty',
+        kind=inspect.Parameter.POSITIONAL_OR_KEYWORD,
+        annotation=converter,
+        default=default,
+        displayed_default=displayed_default,
+    )
+
+
+param = parameter
+r"""param(\*, converter=..., default=..., displayed_default=...)
+
+An alias for :func:`parameter`.
+
+.. versionadded:: 2.0
+"""
+
+# some handy defaults
+Author: Union[Member, User] = parameter(
+    default=attrgetter('author'),
+    displayed_default='<you>',
+    converter=Union[converter.MemberConverter, converter.UserConverter],
+)
+
+CurrentChannel: TextChannel = parameter(
+    default=attrgetter('channel'),
+    displayed_default='<this channel>',
+    converter=converter.TextChannelConverter,
+)
+
+
+def default_guild(ctx: Context) -> Guild:
+    if ctx.guild is not None:
+        return ctx.guild
+    raise MissingRequiredArgument(ctx.current_parameter)  # type: ignore  # this is never going to be None
+
+
+CurrentGuild: Guild = parameter(
+    default=default_guild,
+    displayed_default='<this server>',
+    converter=converter.GuildConverter,
+)
+
+
+class Signature(inspect.Signature):
+    _parameter_cls = Parameter
+    parameters: OrderedDict[str, Parameter]
diff --git a/docs/ext/commands/api.rst b/docs/ext/commands/api.rst
index ac3357817..5d46b3c26 100644
--- a/docs/ext/commands/api.rst
+++ b/docs/ext/commands/api.rst
@@ -429,6 +429,35 @@ Flag Converter
 
 .. autofunction:: discord.ext.commands.flag
 
+
+Defaults
+--------
+
+.. autoclass:: discord.ext.commands.Parameter()
+    :members:
+
+.. autofunction:: discord.ext.commands.parameter
+
+.. autofunction:: discord.ext.commands.param
+
+.. data:: discord.ext.commands.Author
+
+    A default :class:`.Parameter` which returns the :attr:`~.Context.author` for this context.
+
+    .. versionadded:: 2.0
+
+.. data:: discord.ext.commands.CurrentChannel
+
+    A default :class:`.Parameter` which returns the :attr:`~.Context.channel` for this context.
+
+    .. versionadded:: 2.0
+
+.. data:: discord.ext.commands.CurrentGuild
+
+    A default :class:`.Parameter` which returns the :attr:`~.Context.guild` for this context. This will never be ``None``.
+
+    .. versionadded:: 2.0
+
 .. _ext_commands_api_errors:
 
 Exceptions
diff --git a/docs/ext/commands/commands.rst b/docs/ext/commands/commands.rst
index 4fa97ae5c..d31809f58 100644
--- a/docs/ext/commands/commands.rst
+++ b/docs/ext/commands/commands.rst
@@ -768,6 +768,58 @@ A :class:`dict` annotation is functionally equivalent to ``List[Tuple[K, V]]`` e
 given as a :class:`dict` rather than a :class:`list`.
 
 
+.. _ext_commands_parameter:
+
+Parameter Metadata
+-------------------
+
+:func:`~ext.commands.parameter` assigns custom metadata to a :class:`~ext.commands.Command`'s parameter.
+
+This is useful for:
+
+- Custom converters as annotating a parameter with a custom converter works at runtime, type checkers don't like it
+  because they can't understand what's going on.
+
+  .. code-block:: python3
+
+      class SomeType:
+          foo: int
+
+      class MyVeryCoolConverter(commands.Converter[SomeType]):
+          ...  # implementation left as an exercise for the reader
+
+      @bot.command()
+      async def bar(ctx, cool_value: MyVeryCoolConverter):
+          cool_value.foo  # type checker warns MyVeryCoolConverter has no value foo (uh-oh)
+
+  However, fear not we can use :func:`~ext.commands.parameter` to tell type checkers what's going on.
+
+  .. code-block:: python3
+
+      @bot.command()
+      async def bar(ctx, cool_value: SomeType = commands.parameter(converter=MyVeryCoolConverter)):
+          cool_value.foo  # no error (hurray)
+
+- Late binding behaviour
+
+  .. code-block:: python3
+
+      @bot.command()
+      async def wave(to: discord.User = commands.parameter(default=lambda ctx: ctx.author)):
+          await ctx.send(f'Hello {to.mention} :wave:')
+
+  Because this is such a common use-case, the library provides :obj:`~.ext.commands.Author`, :obj:`~.ext.commands.CurrentChannel` and
+  :obj:`~.ext.commands.CurrentGuild`, armed with this we can simplify ``wave`` to:
+
+  .. code-block:: python3
+
+      @bot.command()
+      async def wave(to: discord.User = commands.Author):
+          await ctx.send(f'Hello {to.mention} :wave:')
+
+  :obj:`~.ext.commands.Author` and co also have other benefits like having the displayed default being filled.
+
+
 .. _ext_commands_error_handler:
 
 Error Handling
diff --git a/docs/migrating.rst b/docs/migrating.rst
index 31e137556..b1121d074 100644
--- a/docs/migrating.rst
+++ b/docs/migrating.rst
@@ -112,7 +112,7 @@ Quick example:
 
 With this change, constructor of :class:`Client` no longer accepts ``connector`` and ``loop`` parameters.
 
-In parallel with this change, changes were made to loading and unloading of commands extension extensions and cogs, 
+In parallel with this change, changes were made to loading and unloading of commands extension extensions and cogs,
 see :ref:`migrating_2_0_commands_extension_cog_async` for more information.
 
 Abstract Base Classes Changes
@@ -1240,7 +1240,7 @@ Quick example of loading an extension:
         async with bot:
             await bot.load_extension('my_extension')
             await bot.start(TOKEN)
-    
+
     asyncio.run(main())
 
 
@@ -1422,6 +1422,7 @@ Miscellaneous Changes
 - ``BotMissingPermissions.missing_perms`` has been renamed to :attr:`ext.commands.BotMissingPermissions.missing_permissions`.
 - :meth:`ext.commands.Cog.cog_load` has been added as part of the :ref:`migrating_2_0_commands_extension_cog_async` changes.
 - :meth:`ext.commands.Cog.cog_unload` may now be a :term:`coroutine` due to the :ref:`migrating_2_0_commands_extension_cog_async` changes.
+- :attr:`ext.commands.Command.clean_params` type now uses a custom :class:`inspect.Parameter` to handle defaults.
 
 .. _migrating_2_0_tasks: