As a decentralized trading and matching mechanism, the 1inch Swap Engine links DeFi users to professional market makers that offer liquidity for crypto deals.
1inch Network, a leading decentralized finance (DeFi) aggregator, has introduced Fusion, a substantial improvement to its 1inch Swap Engine. The Fusion update intends to provide crypto investors with cost-effective, safe, and profitable swaps.
Fusion mode in 1-inch Swap Engine enables DeFi investors to make orders at a predetermined price and time range without incurring network costs. The patch also provides network enhancements like as improved staking contracts and tokenomics.
As a decentralized trading and matching mechanism, the 1inch Swap Engine links DeFi users to professional market makers that offer liquidity for crypto deals. Sergej Kunz, a co-founder of 1inch Network, explained the motivation for the Fusion update.
“Fusion makes 1inch swaps far more cost-effective, since consumers no longer need to pay network costs, and an additional layer of protection is provided, protecting users against sandwich attacks.”
Contrary to the conventional centralized method, 1inch’s most recent improvement enables investors to conduct safe non-custodial swaps that are completely permissionless and trustless.
Fusion mode enables users to swap tokens across several DEXs without incurring network costs. The update also enables customers to choose the order execution time based on their specific needs.
In addition, the Fusion mode offers security against the maximum extractable value (MEV), which is the maximum value that may be retrieved from block production in excess of the usual block reward and gas fees.
Alongside the update, 1inch introduced the 1inch Resolver Incentive Program, which until December 31, 2022, payers resolvers for the gas used to fulfil customers’ requests in Fusion mode.
In 2023, according to security experts, bridge attacks will continue to represent a significant threat to the DeFi industry.
Theo Gauthier, founder and chief executive officer of Toposware, told Cointelegraph that bridges have “inherent weakness” since they depend on the security of the chains they link to.
In this context, one of the most important existing technologies is zero-knowledge proofs (ZKPs), which enable data to be validated and confirmed true without exposing any additional information.
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