🙌 Today, Sergej Kunz brightened the stage with the keynote address “Better user experience as a way to attract mass users to DeFi.” So, we decided to make a thread with some exclusive highlights from his presentation. 📈 First and foremost, there is definitely room for decentralized finance to grow! 📊 Check out the market shares of the traditional finance market, crypto market and DeFi market. 😬 Secondly, CeFi has unacceptably high levels of risk. 💡 DeFi's main issues are complicated UX and front-running. However, the industry is evolving and new solutions arrive. 🧠 We learned how to effectively fight front-running, and UX has significantly improved. ⚡️ Fusion mode is a good example of how 1inch managed to deal with the above issues. 📢 Let's conclude with Sergej Kunz’ recent quote: " Here, at World Economic Forum, we hope to get an important message across to the world leaders and business: DeFi is the future of finance, as it is a more robust, transparent and secure financial system. And this future is happening now!"    |
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💡 Just a few interesting facts about the upcoming meetup “Institutions and DeFi” hosted by 1inch in Davos.
For starters, this event will become the first full-fledged meetup dedicated to decentralized finance in the history of World Economic Forum.
✍️ In addition, Gareth Jenkinson from Cointelegraph and Nikhilesh De from CoinDesk will take an active part as moderators.
Moreover, Sergej Kunz will 🔥 burn the stage with the keynote “Better user experience as a way to attract mass users to DeFi.”
🤝 Also, there will be an announcement of our new partner.
✅ Stay tuned, as there will be more content from the event soon! |
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🔥 ETH burned weekly update 🔷 Ether burned over the last 7 days: 260.7 ETH | $430.1K 🔼 46.3% compared to the previous week🔷 Ether burned in total: 42,100 ETH | $129.1M 🔼 0.78% compared to the previous week |
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📢 Join the 8th 1inch Network DAO Community Call on Discord!🗓️ January 13th, 2pm UTC 🤩 Special guests: the 1inch Network co-founder Anton Bukov and the 1inch Lead Blockchain Engineer & Architect Mikhail Melnik. There will be an AMA, so don't forget to prepare questions! 🔥 POAP drop for all attendees! 📝 Agenda:- Introductions - 1inch Fusion mode overview - Q&A with the 1inch engineering team 🧠 ▶️ Link to our server: https://discord.gg/1inch |
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🐮 1inch partners with BeefyMoo! 🐄 Beef lovers are gonna like this announcement.🦄 1inch is excited to partner with 🐮 Beefy, a multichain yield optimizer, with the 1inch API powering ZAP V2! 🤝 The partnership is centered on using the 1inch API to ⚡️ power a new version of Beefy Zap, available on BNB Chain, Polygon, Optimism, Arbitrum, Fantom, Avalanche and Aurora. When a user chooses a vault and 🖱️ clicks on the “Select Token” drop down menu on the “Deposit” tab to choose the asset they want to deposit with, the Zap Route section will show them a route suggested by 1inch and Beefy. 👤 The user will be able to see an estimate of how much they will receive after all costs are deducted and choose their preferred slippage levels. 🥳 To celebrate the launch of ZAP V2, Beefy is hosting a promotional launch party in January, where users can take advantage of the tool with no added fees. After that period, a 0.05% fee will be added to each transaction. In addition, Beefy will be running a further promotion for the duration of the launch party where ZAP V2 users on Optimism will receive a share of a special distribution of 💸 5,000 OP tokens. 👉 More info: https://blog.1inch.io/1inch-partners-with-beefy-62a2539672cd |
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More than two weeks have passed since the Fusion mode release and it’s time to 🔎 analyze how successful it has been.📊 To date, $372M of the trading volume has gone through Fusion. Just imagine how much money we managed to safeguard from 🥪 sandwich attacks. Furthermore, the total number of 🔁 swaps completed in Fusion mode is 32.9K and the total number of 👛 unique wallets is 12.8K. 🤑 The largest transaction passed through Fusion amounted to $50M! 🤓 Check out the Fusion mode dashboard here: https://dune.com/1inch/fusionBtw, the share of swaps performed through Fusion now takes 42% of the total number of swaps on Polygon. 🏆 Top 5 most popular trading pairs on Fusion: 🥇 USDT - USDC 🥈 DAI - USDC 🥉 USDC - WETH 🏅 USDC - USDT 🎖️ stETH - USDC  |
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In this fireside chat held during Philippines Blockchain Week, 1inch’s co-founder Sergej Kunz and TRON’s founder Justin Sun discussed 🗣️ opportunities in DeFi and CeFi, regulation, transparency and trust in the crypto industry.▶️ Watch: https://youtu.be/EWoHAh5i43o |
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📣 ETH burned weekly update 📣 🔷 Ether burned over the last 7 days: 178.2 ETH | $166.9K 🔽 32.14% compared to the previous week🔷 Ether burned in total: 41,839 ETH | $128.6M 🔼 0.43% compared to the previous week |
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📺 Recording of 1inch Network DAO Community Call #7 is availableMissed our most recent community call 📳 with special guests from Commonwealth: Rhys Hillier, Dillon and jogi.eth?▶️ Listen to the full recording on YouTube: https://youtu.be/QS3ivhWMWp0🙏 Special thanks to Jordan Reindl (Community & Governance), Matt Snow (Support & Community), Tanner Moore (Software Engineer) and Natalia Toporkova (Support & Community Lead) for moderating the discussion. Don’t forget to join us on 👾 Discord: https://discord.gg/1inch |
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Have you already tried 1inch's breakthrough ⚡️ Fusion Mode, or do you still use habitual Legacy mode? 🤔 Specially for you, we've released a video explainer, which guides you 💁♂️ step-by-step through the Fusion swap process. ▶️ Watch: https://youtu.be/tNpmuOy6ih0 |
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Today is the birthday of our mutual friend 🥳 who, in just 14 years, has accomplished more☝️ than many others in a lifetime. Happy B-Day, Bitcoin! 🎂 You brought us financial freedom and started a new digital economy. We wish you an everlasting growth! 📈 Interesting facts: 💡 On Jan. 3, 2009, Satoshi Nakamoto, the most famous anonymous in crypto, launched Bitcoin Mainnet and mined 50 BTC in the 1st block. 📰 The Genesis block's hash contained a headline of The Times newspaper - 'Chancellor on the brink of second bailout for banks.'  |
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📣 ETH burned weekly update 📣 🔷 Ether burned over the last 7 days: 262.6 ETH | $318.1K 🔼 48.67% compared to the previous week🔷 Ether burned in total: 41,660 ETH | $128.5M 🔼 0.63% compared to the previous week |
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So, another year comes to an end ⌛️ We hope that the next year will bring you new crypto opportunities 📈 Even though 2023 is the year of the rabbit, we also wish it to be a 🐂 bullish year! Happy New Year, dear 1inch fam! 🎆  |
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💎 1inch Foundation launched the Resolver Incentive Program☝️ With the release of Fusion Mode, which allows users to trade without paying network fees, the 1inch Gas Refund program is no longer relevant in its current form. So 1inch Foundation has launched the 1inch Resolver Incentive Program!🗓 The 1inch Resolver Incentive Program kicked off on December 24, 2022, to compensate resolvers for gas they paid filling users' Fusion orders. Under this program, the 1inch Foundation will distribute 10 million 1INCH tokens as gas refund. Resolvers are now allowed to receive gas refunds for filling Fusion orders, as well as for using the 1inch Aggregation Protocol. 💸 The monthly compensation limit is 1 mln 1INCH tokens per resolver. 💡Since resolvers fill orders without trying to minimize their gas costs, they can offer users better swap rates. As a result, regular users will make yet more profitable swaps! 👥 Resolvers will collect their gas refunds for the final week of December 2022 and for January 2023 in early February 2023. The program will run until the entire 10 mln 1INCH fund is distributed. The existing Gas Refund Program will run through December 31, 2022. 🔗 https://blog.1inch.io/1inch-launched-the-1inch-resolver-incentive-program-ddc394030e85 |
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