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

[1inchExchange]

🏢 The big idea of DAOs

We bet 💯 that you know the abbreviation DAO. But do you know how exactly a DAO works? 🙄

Today, you will find out what the concept of DAO is 📖 Furthermore, you will learn how the 1inch Network DAO works.

🔗 https://blog.1inch.io/the-big-idea-of-daos-44da6d344575

[1inchExchange]

🤝 1inch partners with Oktagon MMA

DeFi x MMA: the strongest, sportiest and wildest partnership breaks into our reality!

🥊 IT'S TIIIIME!

1inch has partnered with Oktagon MMA 🤼‍♂️ – one of the fastest-growing sports promotion companies in Europe, known for hosting top-level events.

🤜🤛 Under a newly announced partnership, 1inch will support a series of ten tournaments. Oktagon 36 in Frankfurt 🇩🇪 is going to be the first and the biggest one in Europe this year. The previous tournament held at the same Festhalle stadium attracted 10K fans.

Oktagon 36 brings together all the superstars ✨ of German and world battles for challenging matches.

👀 Here you can watch OKTAGON live stream on October 15, 2022, at 6:00 PM (CET): https://oktagon.tv/en/tournaments/

🔝 The tournaments following Oktagon 36 are going to be just as intense as they will host some of the biggest names in the sport. And all of them will be ▶️ live streamed.

More info: https://blog.1inch.io/1inch-partners-with-oktagon-mma-3495f1769c10

[1inchExchange]

👊🦄 1inch Weekly Recap #35

Dear community, we invite you to read a brief overview of 1inch news for the past week.

🔄 Updates, News and Integrations:

🤝 1inch partnered with Oktagon MMA: https://blog.1inch.io/1inch-partners-with-oktagon-mma-3495f1769c10

📦 SwapBox integrated 1inch swapping routes

🟨 1inch acted as a partner of BNB Chain Innovation Incubator

🟪 Exodus Wallet added 1INCH in the list of supported tokens

🗓 Events:

🇨🇴 1inch team participated in The DAOist 2022 conference in Bogota on Oct 9-10

🔴 1inch x Opera crypto giveaway is live: https://twitter.com/1inch/status/1579758823375785985

🎁 1inch x Unstoppable Domains massive giveaway has come to an end: https://twitter.com/1inch/status/1580957543953596420

🖼 The UFT1 NFT giveaway by the Unicorn Fighting Tournament has come to an end: https://twitter.com/uftournament/status/1580933906433335296

▶️ Media:

🥊 Unicorn Fighting Tournament, the first-ever crypto MMA event: https://youtu.be/3J2o6TAMs6s

📹 1inch DeFi Visions #20 – Fernando Martinelli, Balancer Labs: https://youtu.be/AcVju4MbYcw

📃 Key insights from DeFi Visions #20: https://blog.1inch.io/defi-visions-fernando-martinelli-be07d87a61f6

👨‍🏫 ‘DEX Aggregators’ lesson by Bankless Academy x 1inch: https://app.banklessacademy.com/lessons/dex-aggregators

🏢 The big idea of DAOs: https://blog.1inch.io/the-big-idea-of-daos-44da6d344575

📊 Key stats:

🔷 Ethereum: $213.6B in volume, 7.6M swaps, 1.5M users

🔶 BNB Chain: $19.5B in volume, 6.3M swaps, 941.6K users

🟪 Polygon: $15.4B in volume, 9.6M swaps, 1.1M users

🔴 OΞ: $728.5M in volume, 178.5K swaps, 53K users

🔺 Avalanche: $550M in volume, 124.7K swaps, 11.7K users

🟦 Fantom: $209.8M in volume, 454.5K swaps, 5.7K users

[1inchExchange]

📣 ETH burned weekly update 📣

🔷 Ether burned over the last 7 days – $281.4K (189.2 in ETH)

🔷 Ether burned in total – $125.3M (39.3K in ETH)

[1inchExchange]

💰 Loss of funds on Fantom caused by user mistake, not the 1inch Network vulnerability

⚠️ Security is paramount ⚠️

💬 The 1inch Network carefully investigated a recent claim (https://twitter.com/0xbebis_/status/1581021122480394240?s=46&t=994IZxlLOL87v68DtQjh4w) that a malicious contract was allegedly deployed to one of the 1inch addresses on the Fantom network that was ❌ never functioning and determined that the claim was incorrect.

🔃 The problem experienced by the user was caused by the fact that they mistakenly sent an approval to a not-yet-deployed smart contract on Fantom. The 1inch Router v3 has never been deployed on Fantom, as 1inch supports Fantom starting from the router's version 4.

Since the address to which the approval was sent was generated via the Profanity address generating tool – an 🦹‍♂️ attacker got access to the contract deployer private key and deployed a contract that allowed them to execute transfer of approved tokens.

🛡 The user – even though it was their own mistake – can still apply for a refund to the 1inch Foundation at foundation@1inch.io as a point of care.

🦸 All 1inch Network smart contracts are totally safe and users should not have any security concerns about the 1inch Network.

💡 However, users should observe basic security rules and avoid making mistakes that could cause them losses. Specifically, they should never ❗️ give approvals to addresses without smart contracts.

🔗 More info:

Swap via 🦄 1inch and stay safe! ✅

[1inchExchange]

🔼 1inch to hit Web Summit 2022

🦄 The 1inch Network is going to Web Summit 2022, one of the year’s main gigs for the tech industry! 😎 Are you guys coming to Lisbon?

🙌 We plan to have a considerable presence at the event.

➡️ More info: https://blog.1inch.io/1inch-to-hit-web-summit-2022-4ca86dad5d87

[1inchExchange]

👊 1inch Weekly Recap #36

Dear community, we invite you to read a brief overview of 1inch news for the past week.

🔄 Updates, News and Integrations:

⚙️ XY Finance integrated 1inch routes on eight chains

📃 Messari shared the quarterly report ‘State of 1inch Q3 2022’: https://messari.io/report/state-of-1inch-q3-2022

🗓 Events:

🔼 1inch to hit Web Summit 2022: https://blog.1inch.io/1inch-to-hit-web-summit-2022-4ca86dad5d87

👥 The Old Friends Reunion *9 conference will be co-hosted by 1inch and others in Lisbon on Nov 1: https://medium.com/iosg-ventures/the-cant-miss-event-during-lisbon-blockchain-month-a18fd9b080a9

🎉 The 'DeFi Mercado' party on the Web Summit 2022 week will be held in Lisbon on Nov 6: https://twitter.com/1inch/status/1583398314405691392

🏆 Milestones achieved:

🥇 1inch led CryptoDep’s top 10 of dApps on Polygon by monthly volume with a result of $646M

▶️ Media:

🗣 The ‘DeFi and Institutions’ panel at TOKEN2049 featuring 1inch's co-founder Sergej Kunz and Valeriya Minaeva from the BD team: https://youtu.be/YxAvpma7ffk

🎙 1inch x QuickNode Fireside Chat with Jordan Reindl from our community & governance department and Anthony Campolo: https://twitter.com/QuickNode/status/1582094605352603648

🛡 Loss of funds on Fantom caused by user mistake, not the 1inch Network vulnerability: https://blog.1inch.io/loss-of-funds-on-fantom-caused-by-user-mistake-not-the-1inch-network-vulnerability-56c75d000149

📊 Key stats:

🔷 Ethereum: $215.6B in volume, 7.7M swaps, 1.5M users

🔶 BNB Chain: $19.5B in volume, 6.3M swaps, 950.8K users

🟪 Polygon: $15.5B in volume, 9.8M swaps, 1.1M users

🔴 OΞ: $752.6M in volume, 221.8K swaps, 61.4K users

🔺 Avalanche: $558.4M in volume, 124.7K swaps, 11.7K users

🟦 Fantom: $212.3M in volume, 468.6K swaps, 5.8K users

[1inchExchange]

📣 ETH burned weekly update 📣

🔷 Ether burned over the last 7 days – $313K (240.18 in ETH)

🔷 Ether burned in total – $125.5M (39.5K in ETH)

[1inchExchange]

📺 Recording of 1inch Network DAO Community Call #6 is available

Missed our most recent community call 📳 with special guests from DAOplomats and StableNode?

Don't worry 👌 We’ve uploaded a full recording on YouTube: https://youtu.be/CD8KTC-yei4

🙏 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

[1inchExchange]

🚨 ANNOUNCEMENT 🚨

Due to an update to Apple listing rules, ☝️ we haven't had an opportunity to publish 1inch Wallet updates on the AppStore for several months.

🙏 We kindly ask you to back up your wallet and not to update your iPhone to iOS 16.1 to avoid 💥 app crashes.

Your funds are totally SAFU 🛡

We have sent a request 👌 for expedited review to Apple’s official team and are doing everything we can to release a 1inch Wallet update supporting ✅ iOS 16+ as soon as possible.

Thanks for your understanding 🙌

[1inchExchange]

Great news for crypto company owners and DAO enjoyers 🔥

The 1inch Limit Order Protocol is now integrated into Gnosis Safe, a legacy multi-signature wallet by GnosisDAO!

[1inchExchange]

📄 Staying safe from slippage

You probably know that sometimes the expected swap rate differs from what you actually get 🤬

 Yes, we're talking about slippage 🤌

How does 1inch 🦄 protect users from substantial losses due to slippage?

💡 Find the answer in our new article: https://blog.1inch.io/staying-safe-from-slippage-96beada1efb9

[1inchExchange]

🦸‍♂️ Feel the vibe of the annual 1inch contributor meetup 🦸‍♀️

🇮🇱 Last week, dozens of 1inch's contributors from all over the world, including co-founders Sergej Kunz and Anton Bukov, gathered in one place - in Tel Aviv, Israel!

💫 For the whole week, we interacted and worked face-to-face, tasted the local cuisine and had a lot of fun!

Also, we visited 😍 Bethlehem, Jerusalem, the Dead Sea and the Masada national park.

It was a fabulous meetup 💯 Can't wait for the next one!

See some glimpses of it:

[1inchExchange]

👊🤟 1inch Weekly Recap #37

Dear community, we invite you to read a brief overview of 1inch news for the past week.

🔄 Updates, News and Integrations:

📊 The 1inch Limit Order Protocol is now integrated into Gnosis Safe

⚙️ Fizen integrated 1inch’s native swaps and direct payments with the 1INCH token

🐳 The 1INCH token deployed on Whalemap

💬 The 2nd round of 1inch Wallet user interviews with prizes in 1INCH and NFTs is live

🚨 The recent 1inch Wallet update for iOS 16+ can not be published due to an updated Apple listing rules

🎁 The 1inch x Opera $5k crypto giveaway came to an end

🔱 Atlantis World's OP City is available for 1inch users

🗓 Events:

🇮🇱 The annual 1inch contributor meetup was held last week in Israel

🇵🇹 The 'DeFi Mercado' party in the Portuguese style by 1inch will take place in Lisbon on Nov 6

🏆 Milestones achieved:

🥇 1inch led Smart Liquidity’s top 50 of dApps by amount of incoming value to smart contracts with a result of $4,9B

⭐ 1inch entered Coin98's top of traded tokens in the last 7 days

🥉 1inch ranked third on CryptoRank’s top 15 DeFi projects, with 203k active monthly users

▶️ Media:

🎙 ‘The Different Verticals of DeFi’ podcast with Sergej Kunz by Crypto 101

📞 1inch Network DAO Community Call #6

📄 Staying safe from slippage

📊 Key stats:

🔷 Ethereum: $216.8B in volume, 7.8M swaps, 1.6M users

🔶 BNB Chain: $19.5B in volume, 6.4M swaps, 958.1K users

🟪 Polygon: $15.6B in volume, 9.9M swaps, 1.1M users

🔴 OΞ: $770.8M in volume, 238.3K swaps, 64.8K users

🔺 Avalanche: $570.5M in volume, 136.4K swaps, 12.3K users

🟦 Fantom: $215.5M in volume, 483.4K swaps, 6K users

[1inchExchange]

📣 ETH burned weekly update 📣

🔷 Ether burned over the last 7 days – $290.7K (193.3 in ETH)

🔷 Ether burned in total – $125.9M (39.7K in ETH)

[1inchExchange]

💡 1inch partners with Revolut, launches joint L&E course

🤓 Get ready to broaden your understanding of DeFi 🧠

🦄 1inch partners with Revolut and jointly launch the crypto ‘Learn & Earn’ course as part of Revolut's education program!

💡 The course masters key fundamentals vital for space understanding: how DEXes work, how the Pathfinder algorithm allows users to get the best swap rates and the way DAO governance is managed.

The motivating part of the training, which is 🤑 ‘Earn’, includes a reward for those who complete the lessons.

💰 The reward is available in 1INCH tokens and is added to the crypto balance of Revolut users, displayed in the app before the start of each new lesson.

➡️ Read more: https://blog.1inch.io/1inch-partners-with-revolut-launches-joint-l-e-course-fe3b1fcc9661

[1inchExchange]

🎨👻🎃 1inch launches the very first Halloween artwork contest on Discord! 🎃👻🎨

Prize fund – $2,000 in 1INCH💰

🥇 $1K
🥈 $600
🥉 $400

🏁 End: Nov. 8

Theme: 🔪 A horror movie poster with a 1inch mascot playing the main role.

✅ To enter:

1️⃣ Join the 1inch Discord server
2️⃣ Post your submissions to the “art” channel: https://discord.gg/td7Qdvmk

Please note that all entries must be original and unique.

⚠️ Don't try to copy-paste other people's art – for that, you will be excluded from the contest.

🎁 Only three most creative users will receive the prizes!

May the creativity be with you 🖖

The contest starts rn! 🥳

➡️ Join in the fun: https://discord.gg/1inch

[1inchExchange]

📢 Splendid news for rETH fans!

The 1inch Aggregation Protocol extends the Rocket Pool 🚀 functionality on Ethereum.

Besides the best price on rETH swaps, from now on, users can mint or burn rETH directly from Rocket Pool's smart contracts.

🔗 More info: https://blog.1inch.io/1inch-optimizes-reth-swaps-55066703c3b6

[1inchExchange]

📜 1inch Monthly Digest #04: October

All 1inch's major news, integrations and key stats for October are gathered in one place! Be in trend 😉

🔗 https://blog.1inch.io/1inch-monthly-digest-october-89693aa8b613

[1inchExchange]

🤔 Why are bridges crucial for blockchain interoperability?

In today’s article, we’re gonna take a deep dive into the topic of 🌉 cross-chain bridges, including their types, working principles, risks and ways to avoid them.

➡️ Learn more: https://blog.1inch.io/bridges-blockchains-communicators-and-connectors-e29b416478a7