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

[1inchExchange]

😈 Who could dare to stop this angry unicorn ⁉️

🦄🔁 1inch has successfully surpassed 4M in total number of swaps on Ethereum!

🔗 https://dune.xyz/1inch

[1inchExchange]

📣 ETH burned weekly update 📣

🦄🔥 1inch still takes 9th place in the TOP-10 of the ETH Burn Leaderboard!

🔷 Ethereum burned over the last 7 days - $7.2M (1617.05 in ETH)

🔷 Ethereum burned in total - $43.1M (11.5K in ETH)

[1inchExchange]

📣 1inch governance rewards weekly update 📣

🔷 ETH: collected more than $425K (94K 1INCH tokens) 🎉🥳

🔶 BSC: collected more than $357K (79K 1INCH tokens) 🎉🥳

[1inchExchange]

This is it. Our hero has finally reached the point of no return.

Months of practice haven’t passed in vain, and 1inch is finally ready to challenge high gas fees once again!

In the name of cheap swaps and low slippage, will you join this mad crusade?

🙌 Behold! 🦄🖥 Sacred v4 of the 1inch Router is rolled out with several epic improvements!

Prepare for the most powerful one-inch punch you've ever witnessed 👊

First and foremost, thanks to v4, users will be able to make cheaper swaps, saving on ⛽️ gas costs.

⚡️ In v4, separate routers were added for Uniswap v3, Clipper and the RFQ feature of the 1inch Limit Order Protocol.

As a result, if a user, for instance, makes a swap using only Uni v3, it will be cheaper than the same swap made directly on Uniswap or anywhere else, due to significantly 📉 lower gas costs!

✅ The same applies to RFQ swaps via the 1inch Limit Order Protocol and Clipper.

🤩 On average, RFQ swaps with the v4 via the 1inch Limit Order Protocol will be 😱 20.8% cheaper than the same swaps via other DEX aggregators.

💰 Overall,  swaps with the 1inch Router v4 are on average 5.4% cheaper than the same swaps made directly on DEXes, such as Uniswap.

⚙️ Another improvement, which will have a positive impact on user experience, is support for Dai-standard permits.

🌈 Now, permits – which allow users to make swaps without a separate transaction approval – will be available for swaps involving DAI and a few other tokens.

🦾 Overall, the 1inch Router v4’s permits support nine more tokens on Ethereum, another nine coins on Binance Smart Chain (BSC) and one token on Polygon.

➡️ Read more: https://blog.1inch.io/the-1inch-router-v4-is-rolled-out-320f291f995f

[1inchExchange]

🦄🛒 Black Friday is coming and there is no way we could stand aside.

💥 BOOM! The 1inch Foundation announces the Black Friday Week, during which users will receive refunds on gas fees.

📜These are the rules:

💰 500K 1INCH tokens will be distributed among users making at least one swap via 1inch between November 22 and 26.

📥 Refunds will come in the form of 5K vouchers with a value of 100 1INCH each in a Merkle drop on Ethereum.

🎲 Voucher recipients will be determined randomly.

🗓 The tokens will be distributed at the end of the month, alongside the ⛽️ gas refunds.

👥 Users entitled to gas refunds thanks to 1INCH staking ⛔️ will not participate, as their gas fees will be refunded anyway.

➡️ Read more: https://blog.1inch.io/the-1inch-foundation-announces-black-friday-week-d32c30d4f914

💡 For more on 1inch’s gas refund program, which is still in progress, see this post.

[budlo]

The Black Friday Week is an unrealistically cool event that i have not seen in the crypto before. I'm incredibly interested to see how much more deals there will be in 1 inch during the event period.
I think there will be many people who want to get free tokens that aren't currently present on all evm networks

[1inchExchange]

🦄🏢 $585K in 1INCH tokens will be distributed to a group of grant recipients as part of the 1inch Grant Program!

⏰ Quick reminder: the program was launched to foster the growth of the 1inch ecosystem and the DeFi industry at large.

➡️ More info: https://blog.1inch.io/the-1inch-foundation-releases-585-000-to-grantees-7075fce45bf7

[1inchExchange]

🦄 1inch has successfully reached $95B in total trading volume on the Ethereum network!

The golden milestone is just $5B away 😱🏆

🔗 https://dune.xyz/1inch

[1inchExchange]

🧐 Do you want to get a better idea of what limit orders are and how they can make trading more flexible and efficient?

💡➡️ Then you should definitely read this extended article by the 1inch co-founder Anton Bukov: https://blog.1inch.io/anton-bukov-1inch-network-limit-order-protocols-offer-more-flexibility-and-efficiency-to-dex-6c996c81d1e4

[1inchExchange]

🤌 Excellent! 🦄👊 1M in total user count on the Ethereum Network is less than 100K away!

We love you, guys ❤️

🔗 dune.xyz/1inch

[1inchExchange]

📣 ETH burned weekly update 📣

🦄🔥 1inch still takes 9th place in the TOP-10 of the ETH Burn Leaderboard!

🔷 Ethereum burned over the last 7 days - $4.5M (963.77 in ETH)

🔷 Ethereum burned in total - $47.6M (12.4K in ETH)

[1inchExchange]

🦄⚖️ We’re happy to introduce an extremely significant update to 1inch Governance!

🔥 The 2nd stage of the 1inch DAO Treasury proposal implementation is live and we’re halfway through the road towards full decentralization!

📯 Let's start the festive procession as we're rolling into Stage 2!

✅ The end-goal of it is for the 1inch Network protocols and the 1INCH token to be completely decentralized, owned and governed by the DAO.

➡️ More info: https://blog.1inch.io/the-road-to-decentralization-ddee58d3b198

⏰ Quick reminder: The first stage was kicked off in December 2020. 🎯 The goal was to launch the decentralization process by giving community members direct control over specified protocol settings via the Instant Governance UI.

🔗 Read more

 🙏 A huge thanks to all who took the time to participate in the Stage 1 and Stage 2 1IP discussions of the 1inch Network DAO Treasury on the forums!

💰 A Gnosis Safe smart contract wallet with multi-signature (multisig) functionality on the Ethereum mainnet has been created — this address functions as the 1inch Network DAO Treasury.

👥 12 multisig owners have initially been selected by the 🏢 1inch Foundation from the core contributor team and other well-known projects such as Tornado Cash, Synthetix, Opium, NEAR protocol, and zkSync, to name a few.

 🖥 With the incorporation of this Treasury upgrade,  🎁 referral rewards remain unchanged and will still be paid out in their source token on the chain they were earned.

☝️ However, the part of the revenue stream that previously went towards Governance rewards distribution, will instead 📥 be sent directly to the newly formed Treasury in the form of USDC on the Ethereum mainnet.

⚙️ In June, 1inch rolled out the integration of Snapshot into the governance process.

🗳 This upgrade makes it possible for governance participants to vote in a gasless fashion off-chain and delegate their voting weight to other addresses.

🧠 The rationale behind these voting changes is that they ensure that  👤 individuals with direct control over the protocol have a vested interest in its long-term success, while also limiting the power of backers and core contributors.

✌️ All 1inch Network contributors have never been more excited about the future of the 1inch Network. The goal is to iterate on the governance processes and move towards total decentralization.

😉 So, please be sure to stop by our governance forum and join the discussion!

[1inchExchange]

🛡 As security is one of the most urgent concerns in the DeFi space, we at 1inch have always paid special attention to it.

👨‍💻⤵️ Learn more on how 1inch protects users’ assets against any security breaches: https://blog.1inch.io/how-1inch-ensures-the-security-of-users-funds-2581bee97d8e

[1inchExchange]

📣 ETH burned weekly update 📣

🦄🔥 1inch now takes 8th place in the TOP-10 of the ETH Burn Leaderboard!

🔷 Ether burned over the last 7 days - $5.6M (1314 in ETH)

🔷 Ether burned in total - $56M (14.4K in ETH)

[1inchExchange]

🦄💰 Since its launch last week, the 1inch DAO Treasury has already surpassed the first $1M in funds collected for the 1inch Community's future needs!

🙃 Sounds awesome, doesn’t it?

[1inchExchange]

🤯 We never thought that 1inch would achieve this golden milestone in such a short period of time. 👊🦄 $100B IN TOTAL TRADING VOLUME ON THE ETHEREUM NETWORK!

Congrats to all 1inch Community participants 🎊🎉

🔗 http://dune.xyz/1inch

[Bohdan820]

Today I swap a token on the bsc blockchain i used 1inch. I paid almost 3 bucks for approval and swap! It's too much for this network.
View the transaction in more detail and it turned out that I put 20 Gwei. Used the suggested settings by the 1inch platform.
Check network congestion otherwise you will overpay like me.

[mandor]

Today I swap a token on the bsc blockchain i used 1inch. I paid almost 3 bucks for approval and swap! It's too much for this network.
View the transaction in more detail and it turned out that I put 20 Gwei. Used the suggested settings by the 1inch platform.
Check network congestion otherwise you will overpay like me.

Yeah, every transaction should be checked manually, but this applies if you have reached the "advanced" level and understand about gas transactions.
The suggestion setting for gas is an automatically fee that created by the platform for the best and more faster transaction, that's why the gas is automated set at high, if there is no problem with gas costs, then it is recommended to use, not for those who have small balances for fee.
Currently BSC network fee is still relatively small, if we look at the fees for those who use the eth network.

[Bohdan820]

Today I swap a token on the bsc blockchain i used 1inch. I paid almost 3 bucks for approval and swap! It's too much for this network.
View the transaction in more detail and it turned out that I put 20 Gwei. Used the suggested settings by the 1inch platform.
Check network congestion otherwise you will overpay like me.

Yeah, every transaction should be checked manually, but this applies if you have reached the "advanced" level and understand about gas transactions.
The suggestion setting for gas is an automatically fee that created by the platform for the best and more faster transaction, that's why the gas is automated set at high, if there is no problem with gas costs, then it is recommended to use, not for those who have small balances for fee.
Currently BSC network fee is still relatively small, if we look at the fees for those who use the eth network.

BSC network is also more interesting for users because the fee is much lower if the fee is higher, then people will go to other blockchains such as Matic, Solana or Avalanche.
This is not the first time I notice that 1inch makes optimization on Ethereum many times better than on other chains.

[1inchExchange]

📣 ETH burned weekly update 📣

🦄🔥 1inch still takes 8th place in the TOP-10 of the ETH Burn Leaderboard!

🔷 Ether burned over the last 7 days - $5.4M (1296.33 in ETH)

🔷 Ether burned in total - $61.4M (15.6K in ETH)