1inch has announced a new partnership with Barter, aiming to enhance efficiency and reduce trading costs in DeFi token swaps.
What is Barter?
Barter addresses inefficiencies in DeFi trading, such as fragmented liquidity and slippage. The platform aims for optimal token swap execution by finding the best routes across multiple liquidity sources. Barter has already built a strong reputation as one of the leading resolvers in the blockchain space.
Joining Forces for a Decentralized Future
The partnership with Barter focuses on enhancing execution and efficiency in 1inch. By adding new resolvers that compete to fulfill swap orders, 1inch continues to improve pricing and execution efficiency. This partnership strengthens 1inch's position as a leading venue for crypto swaps.
Prospects of the Partnership
Since the launch of intent-based swaps in late 2023, resolvers have executed trades worth $52.6 billion. The partnership with Barter makes 1inch more attractive to DeFi traders, ensuring tighter rates and reliable trade settlements.
The partnership between 1inch and Barter illustrates the importance of collaboration in DeFi, directing efforts towards creating more efficient and optimized crypto exchange processes.
