Here is another post in a series explaining the 1inch Network’s advantages that is focused on the security of the 1inch Aggregation Protocol.
Swapping crypto assets on decentralized exchanges (DEXes) entails security risks, as protection models vary across DEXes, and some of them have vulnerabilities. Basically, some DEXes are not sufficiently protected and haven’t been properly audited.
Repeated transaction approvals on DEXes that don’t offer a high level of security could lead to a loss of user funds. But if a user approves tokens on 1inch, they won’t have to worry that approved funds could be lost.
Overall, the protection…
1INCH will be among leading DeFi tokens, for which Sygnum offers institutional-grade custody and regulated trading.
As the 1inch Network moves to offer its solutions to a wider range of users, its 1INCH governance and utility token is now also available at Swiss bank Sygnum.
At the initial stage, Sygnum clients will be able to invest directly in several DeFi tokens, including 1INCH, and access a full suite of banking services, such as institutional-grade custody, transfer and trading services. …
The innovative protocol will replace a legacy solution from 0x in the 1inch dApp, offering users much more efficient and flexible limit order swap opportunities.
The 1inch Network is thrilled to release a unique, innovative solution — the 1inch Limit Order Protocol. The limit order feature enables users to buy or sell crypto assets at a specific price. A limit order option has been available in the 1inch dApp for a while, but, until recently, it was based on the 0x protocol.
Now, it has been replaced with the much more efficient 1inch Limit Order Protocol.
The 1inch Limit Order…
OTC offers users zero-slippage trades protected from front-running.
As the 1inch Network constantly works on providing users better swap prices and a higher degree of protection, we are proud to announce the addition of the OTC swap feature to the 1inch dApp, offering zero-slippage trades protected from front-running.
Over-the-counter (OTC) trading is buying or selling crypto off-exchange to achieve the maximum degree of security and privacy.
In OTC trading, market makers compete with each other to offer the best swap price to the user. Since the price is announced upfront and fixed, usually the user gets a better average price.
The next post in our series on the advantages of the 1inch Network is focused on how users can save on gas.
The 1inch Aggregation Protocol was specifically developed to help retail users exchange tokens at the best rates, including saving on gas fees.
Currently, the Ethereum network remains the most popular option for DeFi transactions. But, due to its substantial fees, swapping a small to medium-size amount of tokens can be quite expensive. This becomes even worse when high slippage rates on low liquidity pools are considered for high-volume traders.
Due to the 1inch Aggregation Protocol and the aggregation…
Thanks to the integration with Mercuryo, 1inch Wallet users will be able to buy DeFi assets using a fiat-on-ramp gateway.
As DeFi solutions are finding wider adoption, it’s essential to lower the entry barrier to crypto space, enabling enthusiasts to buy crypto for fiat in a simple and fast way.
What does this integration mean for users?
Before the creation of 1inch, it was impossible to access all major DEXs at once. Even worse, users struggled to set up a wallet and were frustrated by the commission fees.
Following a recent expansion to Polygon, the 1inch Labs team released an API for swaps in the network.
The 1inch Network’s swap API for Polygon (previously known as Matic) is an innovative aggregating solution that’s clearly ahead of the competition. It offers users faster transactions and improved rates for swaps, while also reducing slippage and gas fees.
This API will find the most efficient token swap paths. Much like the original aggregation system for Ethereum, it will go through various liquidity pools, including different market depths in a single go, building call data to be sent to the blockchain.
This is the second post in a series on the advantages offered by the 1inch Network. It explains how 1inch offers access to multiple liquidity sources.
Cryptocurrency exchanges are the backbone of the crypto industry, allowing users to buy and sell assets and serving as the ultimate liquidity providers. They enable the entire ecosystem to thrive and offer an entry point for millions of users joining the crypto space. However, centralized exchanges also represent a single point of failure in the industry as they remove the true ownership element associated with crypto.
Due to their decentralized and permissionless nature, decentralized…
The expansion provides 1inch users with access to multiple liquidity sources on Polygon such as Curve, SushiSwap, QuickSwap, Aave V2 and Cometh.
The 1inch Aggregation Protocol has expanded to the Polygon network (formerly known as Matic), one of the most promising scaling solutions on Ethereum.
At the initial stages, aggregation will be available for Curve, SushiSwap, QuickSwap, Aave V2 and Cometh, while more protocols will be gradually added.
Polygon, a platform for Ethereum scaling and infrastructure development, is widely believed to be vital for helping Ethereum keep up with the competition amidst the process of switching to the Proof-of-Stake (PoS)…
The program will kick off on May 7, featuring the 1INCH-WXT pool.
1inch’s liquidity programs continue to attract users by lucrative rewards, and we are happy to announce the 1inch Foundation’s decision to launch a new one in collaboration with Wirex.
The liquidity mining program with Wirex is to be launched at 8 pm UTC on May 7 and will run for 8 weeks.
Under the new program, an equivalent of $2.5 mln in 1INCH tokens together with an equivalent of $2.5 mln in WXT will be distributed among providers of liquidity to the 1INCH-WXT pool.
Wirex issues a payment…
A distributed network for decentralized protocols enabling the most lucrative, fastest and protected operations in DeFi.