The upgrade aims to make swaps on 1inch yet more profitable and secure, setting new standards for cost-efficiency, security and user experience in the DeFi space.
1inch Fusion Upgrade
The 1inch Network is thrilled to announce the release of Fusion, a major upgrade centered around the 1inch Swap Engine – a unique combination of existing and new tech aiming to improve the profitability and security of swaps via 1inch.
The 1inch Swap Engine facilitates Fusion mode, which empowers DeFi users to place orders with a specified price and time range, paying no network fees. Meanwhile, the upgrade also contains major improvements to security, as well as updated staking contracts and tokenomics.
“This is a huge step forward for the entire DeFi space,” says Sergej Kunz, 1inch Network co-founder. “Fusion makes swaps on 1inch dramatically more cost efficient, as users won’t have to pay network fees, plus, an extra layer of security is added, protecting users from sandwich attacks. Our aim is to make users’ DeFi experience as smooth as never before. Thanks to the 1inch Swap Engine and Fusion mode, now, everyone gets incredible UX with a high degree of security.”
“For years, people have trusted their crypto to centralized actors, some of whom turned out to be greedy and malicious, which led to massive losses of users’ funds,” he adds. “By contrast, 1inch now empowers everyone to have top-level security for non-custodial swaps, which are executed in a totally permissionless and trustless way, with users remaining in full control of their assets.”
1inch Swap Engine
Since the outset, the 1inch’s goal has been to make DeFi a secure, user-friendly and profitable environment for everyone. Another achievement in that direction is the introduction of the 1inch Swap Engine.
Partially based on the existing tech, including the 1inch Limit Order Protocol and the 1inch Aggregation Protocol, the 1inch Swap Engine is a decentralized trading and matching system that connects…
