You can always derive from DependecyObject class and add as many DependencyProperties as you want. For example:

ExampleConverter.cs

public class ExampleConverter : DependencyObject, IValueConverter
{
    public string Example
    {
        get => GetValue(ExampleProperty).ToString();
        set => SetValue(ExampleProperty, value);
    }
    public static readonly DependencyProperty ExampleProperty =
        DependencyProperty.Register("Example", typeof(string), typeof(ExampleConverter), new PropertyMetadata(null));

    public object Convert(object value, Type targetType, object parameter, CultureInfo culture)
    {
        //Do the convert
    }

    public object ConvertBack(object value, Type targetType, object parameter, CultureInfo culture)
    {
        throw new NotImplementedException();
    }
}

And then in XAML:

ExampleView.xaml

<ResourceDictionary>
    <converters:ExampleConverter x:Key="ExampleConverter" Example="{Binding YourSecondParam}"/>
</ResourceDictionary>
...
<TextBlock Text="{Binding Path=ReleaseDate, Mode=OneWay,
                    Converter={StaticResource ExampleConverter}, 
                    ConverterParameter={Binding YourFirstParam}}" />

You can always derive from DependecyObject class and add as many DependencyProperty objects as you want. For example:

ExampleConverter.cs

public class ExampleConverter : DependencyObject, IValueConverter
{
    public string Example
    {
        get => GetValue(ExampleProperty).ToString();
        set => SetValue(ExampleProperty, value);
    }
    public static readonly DependencyProperty ExampleProperty =
        DependencyProperty.Register("Example", typeof(string), typeof(ExampleConverter), new PropertyMetadata(null));

    public object Convert(object value, Type targetType, object parameter, CultureInfo culture)
    {
        //Do the convert
    }

    public object ConvertBack(object value, Type targetType, object parameter, CultureInfo culture)
    {
        throw new NotImplementedException();
    }
}

And then in XAML:

ExampleView.xaml

<ResourceDictionary>
    <converters:ExampleConverter x:Key="ExampleConverter" Example="{Binding YourSecondParam}"/>
</ResourceDictionary>
...
<TextBlock Text="{Binding Path=ReleaseDate, Mode=OneWay,
                    Converter={StaticResource ExampleConverter}, 
                    ConverterParameter={Binding YourFirstParam}}" />