1inch Network Review by davidphan1997

mirrorbnb_dao avatar

davidphan1997

mirrorbnb_dao

#Web3 #Collaboration #Airdrop #NFT

Best Dex
17 Jan 2024
1inch Network IconValidated
1inch Network

ExchangesSwapping

Access never-ending liquidity across DeFi

1inch is a DEX Aggregator Protocol that allows users to trade tokens at the best prices on the market and with low slippage. To do that, 1inch has applied a smart routing solution - Pathfinder. Besides, 1inch's goal is not just to stop with Aggregator, but also a larger ecosystem. Specifically, on April 9, 2021, 1inch officially launched 1inch Network including: 1inch Aggregator: What has made 1inch's brand, helping users experience Swap assets with liquidity from many places, causing less slippage and cheaper fees. 1inch Liquidity Protocol: Next generation AMM, protecting users against Front-run, and bringing capital efficiency to liquidity providers. 1inch DAO: The DAO manages 1inch, votes on parameters, and participates in network governance. 1inch Labs: Team builds decentralized software, developing open source user-governed protocols through the 1inch DAO. 1inch Foundation: Non-profit organization that issued the 1INCH token. This fund is used to develop 1inch's network and initiatives that benefit the community. The 1inch Foundation contributes through grants and other means. In addition to users being able to trade on the exchange, from June 5, 2021, 1inch has started OTC trading. You do not need to pay gas fee when trading OTC. 1inch gradually becomes a large ecosystem with many outstanding products in the defi field

Was this review helpful?0 people found this review helpful