What is Bounce Finance and the AUCTION token?
30-12-2022, 18:03
The largest aggregator of decentralized exchanges by daily volume, 1inch, has updated the protocol called Fusion, which offers DeFi users the opportunity to place custom swaps at certain prices without having to pay a gas commission.
1inch allows traders to access liquidity from multiple DEX on the same platform. The platform remains the market leader in DEX aggregation with a trading volume of more than $1 billion, ahead of competitors such as Paraswap, Matcha and Cowswap.
The Fusion update is an improvement on 1inch's Swap Engine, which connects users with professional market makers who service liquidity requirements. The changes simplify and make it more economical by allowing pre-set orders in 1inch that do not require prepayment for gas.
The update will also help protect users from the maximum recoverable value, which is a common type of advance common in blockchains.
Fusion makes swaps on 1inch significantly more cost-effective, since users will not have to pay for commissions, and an additional security layer is also added to protect users from sandwich attacks," said Sergey Kunts, co—founder of the 1inch Network.
30-12-2022, 18:03
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