1Inch is a DeFi aggregator that scans decentralized exchanges to find the lowest cryptocurrency prices for traders and is powered by its 1Inch utility and governance token. 1INCH is used to provide a decentralized "just-in-time" model for the platform and facilitate liquidity mining through token collateral.

DeFi aggregator provides traders with better trading prices.

In the process of using the current decentralized exchanges, users have problems such as low efficiency in comparing the best price and difficulty in finding the trading path of the best exchange rate. At the same time, ordinary users have a very high threshold to compare all the exchange rates traded in the decentralized exchanges, and manual comparison is time-consuming and tedious. DEX aggregator can find the best token exchange rate for users in the shortest time, and is not limited to a single exchange. If the strategy and algorithm are good enough, users can complete the optimal transaction at the best price in real time, while avoiding the loss caused by price fluctuations and reducing the risk of transaction failure.

1Inch. Exchange DEX aggregator: Enables traders to get the most efficient trading price by using advanced algorithms to discover the most efficient exchange path by searching over 33 liquidity protocols. 1Inch Liquidity Protocol: An automated market maker (AMM) that uses a new mechanism called "delayed price update" to protect the converters from front-running, increasing the returns of liquidity providers (LP) and reducing the profits of arbitrageurs.

The 1Inch DEX protocol aggregates liquidity across DEX platforms to deepen DEX liquidity and offset order slip points. For example, suppose an institutional investor wants to buy 1,000 BTC at $50,000 /BTC. However, only 500 BTC is available on this particular decentralized exchange when the buy order goes to the open market. As a result, the exchange proceeded with the next sell order set at $50,500 /BTC. In this case, the buyer paid $250,000 more than they originally expected ($500 per BTC x 500 BTC). This is the slip point. The 1Inch protocol helps avoid this by consolidating trading activity across multiple platforms, pooling liquidity and minimizing market inefficiencies such as slippages. In November 2020, 1Inch released its protocol v2, which supports exchanges between 21 decentralized exchanges. In addition to offsetting slippage points for individual trades, the agreement indirectly buffers price fluctuations across the DEX ecosystem by increasing liquidity across the market.

Community governance vote.

1. Pathfinder's optimized trading algorithm, where all of the platform's revenue comes from optimizing fees for a single trade. 2.

1. The 1Inch DEX protocol aggregates liquidity across DEX platforms to deepen DEX liquidity and offset order slip points. 2. Timely governance, INCH tokens represent voting rights and facilitate participation in the decentralized autonomous organizations (DAOs) that manage the 1Inch DEX platform. While DAOs are relatively common in the cryptocurrency industry, particularly in DeFi, 1Inch Exchange employs a governance model called "just-in-time governance." This proprietary model makes it easier for token holders to make changes to the protocol.

The 1Inch Liquidity protocol also supports 1Inch liquidity pools, an AMM that uses virtual balances to reduce volatile losses. Users can benefit from offering tokens as liquidity on the 1Inch DEX platform, a process known as "liquidity mining" where traders offer assets such as ETH to specific pools, lock them in and earn 1inch (1inch native tokens) as interest. The model is similar to native DEX tokens such as Uniswap's UNI and incentivies community-based liquidity provision.

1Inch Exchange offers users an innovative DeFi trading experience that enables them to process large trades at the best exchange rates. While in the past, users had to manually search through many DEX to find the best exchange rate for tokens, which was difficult and time-consuming, 1Inch provides an automated and interoperable platform that not only quickly finds the best exchange rate for tokens, but also improves the most efficient exchange path.

Benefiting from the DeFi boom in 2020, the demand for decentralized user transactions has exploded, and 1Inch has successfully broken into the top of the board with its efficient and low-cost transaction method. In terms of transaction volume, 1inch ranks the top five in DEX list, and in terms of user active volume, 1inch is second only to Uinswap. For the average transaction user, 1inch has become one of their best options!

Allows users to process large transactions at the best exchange rate. While in the past, users had to manually search through many DEX to find the best exchange rate for tokens, which was difficult and time-consuming, 1Inch provides an automated and interoperable platform that not only quickly finds the best exchange rate for tokens, but also improves the most efficient exchange path. At present, 1inch has converged Uniswap, Kyber Protocol, Aave, Curve.fi, Airswap, mStable, Balancer, dForce Swap, 0X API, 0x Relayers (Bamboo, Radar Relay), Bancor, and Oasis. Here users can trade almost any ERC20 transaction pair.

1Inch is composed of DEX aggregator and its own liquidity protocol. It was launched in June 2019, and AMM market-making service was launched in August 2020. V2 version was released in November, introducing optimization algorithm to greatly improve the performance of optimal exchange rate trading. Binance led the investment in August 2020 and completed round A financing on December 2. Team strength is fair, and has launched DAO governance plan, long-term prospects.