[ANN] 1inch Network - a distributed network for decentralized protocols

[1inchExchange]

🦄🔥 1inch stays in the TOP-10 of ETH Burn Leaderboard!

🔷 Ethereum burned in last 7 days - $1.8M (530.3 in ETH)

🔷 Ethereum burned in total - $12.9M (3.8K in ETH)

🗓 From now on, we’ll update you every week!

[Daltonik]

1inch Network was launched in the L2 Ethereum network Arbitrum. The integration of Arbitrum has reduced commissions and provided a higher speed of transactions and withdrawals. The Uniswap, Balancer, 1inch Limit Order Protocol, DODO, SushiSwap, Swapr, and WETH protocols have become available on Arbitrum.

[1inchExchange]

Past, present and future exist simultaneously on L2.

After traveling between different ancient crypto worlds, you might end up in a cyberpunk city where DeFi rules.

Anyway, it's time for 1inch to move on... it's time for Arbitrum!

🦄⚔️ 1inch continues its legendary DeFi conquest!

🤑 Get ready for lower transaction costs, higher tx speeds and fast withdrawals as the 1inch Network expands to Arbitrum, a Layer 2 solution on Ethereum provided by Offchain Labs.

📃 Arbitrum is an Optimistic Rollup solution that supports the same byte code as 🔷 Ethereum, so that ETH devs could easily cross-compile their contracts for running on Arbitrum.

🌐 This ensures full compatibility with ETH on the smart contract and Web3 interface levels.

📝 Arbitrum's major advantages are:

✅ Much lower costs of transactions

✅ Fast confirmations, giving a near-instant user experience

🦾 Depositing funds via Arbitrum is seamless via its native bridge, but the protocol enforces a withdrawal delay when withdrawing funds to Ethereum to allow for the state to be fully confirmed.

🧑‍💻 Nevertheless, several providers have already launched fast bridging solutions to close this gap and give users a fast and cost-effective browser into and out of Arbitrum One.

👇The following protocols will be immediately available via 1inch on Arbitrum:
 
1️⃣ Uniswap
2️⃣ Balancer
3️⃣ 1inch Limit Order Protocol
4️⃣ DODO
5️⃣ SushiSwap
6️⃣ Swapr
7️⃣ WETH

➡️ Read more:https://blog.1inch.io/the-1inch-network-expands-to-arbitrum-c0e09bfd7ebf

[1inchExchange]

.

[1inchExchange]

🤩🎉 Here comes another huge milestone for the 1inch Network!

☄️ The 1inch Limit Order Protocol successfully hit $1B in total trading volume!

🔗 https://dune.xyz/k06a/1inch-Limit-Order-Protocol

[1inchExchange]

‼️ You asked for it… YOU GOT IT!

🦄 1inch Foundation is launching a new liquidity mining program in collab with 💧Lido!

💵 Liquidity providers to the stETH-DAI pool will collect 200K LDO and 200K 1INCH in rewards, on top of LP rewards in the pool's tokens.

🗓 The 1inch stETH-DAI farming program kicks off on September 24 at 11:00 AM CET and will run for a period of 4 weeks.

➡️ More details: https://blog.1inch.io/new-joint-liquidity-mining-program-with-lido-cf7101693d24

[1inchExchange]

📢 Nope, we’ve not run out of BIG announcements for today.

It’s time to make another step towards transparent and sustainable governance by introducing the 💎 Treasury proposal!

✅ The Treasury gathers all ideas that have been voiced by the 1inch Community and its main purpose is to improve the current governance system.

🔽 Check out the detailed proposal on 1inch Governance Forum: https://gov.1inch.io/t/1inch-network-treasury/2407

💠 The Treasury's central component is the Trading Strategy, a stable 🌊 liquidity pool powered by the 1inch Aggregation Protocol.

🆕 The Trading Strategy is executed as a newly-created fund subsidized exclusively by the 1inch Network protocols’ current revenue streams.

🌐 Managed by the 1inch DAO, all operations of the Treasury will be fully autonomous.

🗳️ All decisions regarding the allocation of the Treasury’s funds will be made by voting through the 1inch governance process.

➡️ More info: https://blog.1inch.io/improvements-proposed-to-the-1inch-governance-model-2dcb00cdc287

[1inchExchange]

😱 Unbelievable! 🦄👊 1inch successfully surpasses 700K in total users count!

 The 1M mark is closer and closer 😏

🔗 dune.xyz/1inch

[1inchExchange]

📣 1inch governance rewards weekly update 📣

🔷 ETH: collected more than $164K (64K 1INCH tokens) 🎉🥳

🔶 BSC: collected more than $60K (24K 1INCH tokens) 🎉🥳

[1inchExchange]

💥 KABOOM! 🦄 This is the sound of juicy new 🍏 1.6.0 update dropping.

📥 This version includes:

✅ Custom tokens

✅ Arbitrum network support

✅ iOS 15 compatibility

And even more… 😏

➡️ Download the new version of the 1inch Wallet for iOS here: https://apps.apple.com/us/app/1inch-defi-wallet/id1546049391

[1inchExchange]

📣 ETH burned weekly update 📣

🦄🔥 1inch stays in the TOP-10 of ETH Burn Leaderboard!

🔷 Ethereum burned over the last 7 days - $2M (681.99 in ETH)

🔷 Ethereum burned in total - $15M (4.5K in ETH)

[1inchExchange]

🤩🦄 We're glad to share that 1inch now powers swaps on Dharma!

✅ From now on, trades on Dharma will be executed via 1inch, including buying/selling tokens from/to a bank account or trading between crypto assets.

🔷 Dharma operates on Ethereum Mainnet and Polygon, while L2 options are expected to come soon.

📈 This integration increases the number of tokens supported by Dharma by several thousand, also ensuring that users get the best possible price for their trades.

➡️ More info: https://blog.1inch.io/the-1inch-network-is-integrated-into-dharma-4a691f930c8a

[Daltonik]

As part of the creation and subsequent launch of the 1inch Pro product, created specifically for the US market and global institutional investors in accordance with all regulatory requirements, Dex 1inch began blocking US users by ip addresses. Although restrictions for US users were introduced back in April, but only now this is happening using technical means. https://www.theblockcrypto.com/linked/119055/dex-aggregator-1inch-blocks-out-us-trades-in-preparation-for-separate-american-platform

[1inchExchange]

😢 It's always sad for us at 1inch to see users lose their funds, even when it happens as a result of their own mistakes...

📝➡️ Therefore, we have prepared a Top 5 of the most common user mistakes in DeFi for you!

[1inchExchange]

📣 1inch governance rewards weekly update 📣

🔷 ETH: collected more than $196K (68K 1INCH tokens) 🎉🥳

🔶 BSC: collected more than $36K (12K 1INCH tokens) 🎉🥳

[1inchExchange]

🦄 We have reached $80B in total trading volume on the Ethereum network!

🤯 Crazy, isn't it?

🔗 https://dune.xyz/1inch

[1inchExchange]

🌊 Meet the 2nd batch of gas refunds for September!

🔥 543,949 of 1INCH tokens have already been paid out under our gas refund program 🔥

🎁🎉 From now on, the 1inch Gas Refund Program also covers failed swaps!

‼️ The program will run until a 10M 1INCH mark is reached.

⚠️ Quick reminder: to be eligible for monthly gas refunds, a 1inch user needs to stake 1INCH for the entire period between their first swap of the month and the day of gas refund distribution.

[nira09]

🌊 Meet the 2nd batch of gas refunds for September!

🔥 543,949 of 1INCH tokens have already been paid out under our gas refund program 🔥

🎁🎉 From now on, the 1inch Gas Refund Program also covers failed swaps!

‼️ The program will run until a 10M 1INCH mark is reached.

⚠️ Quick reminder: to be eligible for monthly gas refunds, a 1inch user needs to stake 1INCH for the entire period between their first swap of the month and the day of gas refund distribution.

I just heard about this program, The gas refunds program for 1inch users is interesting, Who is eligible for it? and how is the distribution sharing system for users? if there is an article link that explains, I hope you can share it here.

[Dron Pelya]

🌊 Meet the 2nd batch of gas refunds for September!

🔥 543,949 of 1INCH tokens have already been paid out under our gas refund program 🔥

🎁🎉 From now on, the 1inch Gas Refund Program also covers failed swaps!

‼️ The program will run until a 10M 1INCH mark is reached.

⚠️ Quick reminder: to be eligible for monthly gas refunds, a 1inch user needs to stake 1INCH for the entire period between their first swap of the month and the day of gas refund distribution.

I just heard about this program, The gas refunds program for 1inch users is interesting, Who is eligible for it? and how is the distribution sharing system for users? if there is an article link that explains, I hope you can share it here.

This program have been running for a few month. In the early September they made first batch of gas refunds. In their blog was written, that only transactions with chosen in the 1inch parameters as "fast gas price" and "slippage tolerance >= 1%" were eligible for refunds.

You can find more information here https://blog.1inch.io/the-1inch-foundation-will-distribute-10-mln-1inch-to-the-defi-community-as-gas-cost-refunds-2dd35a6a084f

[1inchExchange]

📣 1inch governance rewards weekly update (better late than never 🤪)!

🔷 ETH: collected more than $383K (129K 1INCH tokens) 🎉🥳

🔶 BSC: collected more than $23K (7K 1INCH tokens) 🎉🥳