• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

1inch Fusion+: a new level of cross-chain swapping

user avatar

by Giorgi Kostiuk

2 years ago


  1. Cross-chain frictions
  2. 1inch's solution: the best of both worlds
  3. The secret sauce: how 1inch does it better

  4. 1inch, a decentralized finance platform, has released a new white paper outlining Fusion+, an atomic cross-chain swap protocol. This innovation aims to address key challenges faced by existing solutions.

    Cross-chain frictions

    In the decentralized finance (DeFi) ecosystem, limited interoperability between blockchain networks has created significant friction. Existing solutions generally fall into two categories: centralized bridges with serious security risks and decentralized approaches often offering a frustrating user experience.

    1inch's solution: the best of both worlds

    1inch developed Fusion+, an intent-based atomic cross-chain swap protocol. This groundbreaking hybrid solution combines the best aspects of traditional atomic swaps and intent-based protocols.

    The secret sauce: how 1inch does it better

    Fusion+ enhances security and makes the user experience frictionless. Instead of relying on users to manage every aspect of a swap, the process is streamlined through the use of Dutch auctions and 1inch resolvers - trusted professional market makers that automate the bulk of the work.

    1inch is solving one of the biggest bottlenecks in DeFi: cross-chain friction. As more users and liquidity flow into DeFi, the need for a seamless cross-chain experience has never been greater.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Cryptocurrency Scams Account for Over Half of Cybercrime Losses

chest

A report by the Consumer Federation of America reveals that cryptocurrency scams have led to significant financial losses, with estimates reaching 807 billion.

user avatarAyman Ben Youssef

Zcash Launches Ironwood Upgrade to Enhance Security and Privacy

chest

Zcash has launched the Ironwood upgrade to prevent counterfeit coins from entering circulation and to enhance privacy.

user avatarTando Nkube

Morgan Stanley Boosts Apple Stock Rating

chest

Morgan Stanley has reiterated its buy rating on Apple stock, raising the price target to $364.

user avatarKofi Adjeman

Apple Achieves Historic $5 Trillion Market Cap

chest

Apple Inc. has made history by surpassing a market capitalization of $5 trillion for the first time, overtaking AI giant Nvidia.

user avatarSatoshi Nakamura

Apple to Launch New Smart Home Products

chest

Apple is set to launch a Siri AI-powered home hub alongside refreshed Apple TV and HomePod mini, challenging Amazon's Echo and Google's Nest.

user avatarNguyen Van Long

SK Hynix Stock Falls Below IPO Price Amid Sector Downturn

chest

SK Hynix's stock has dropped below its IPO price amid a downturn in the semiconductor sector, presenting a potential buying opportunity.

user avatarJesper Sørensen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.