What is 1Inch (1Inch)?
1inch is a decentralized exchange (DEX) that aims to offer the "best rates by discovering the most efficient swapping routes across all leading DEXes". The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest, and protected operations in the DeFi space.
DEXes enable users to transact tokens without an intermediary. 1inch aggregates token prices across multiple DEXes to find the best price for users.
The 1inch Liquidity Protocol is a next-generation automated market maker (AMM) that protects users from front-running attacks and offers attractive opportunities to liquidity providers.
The 1inch Limit Order Protocol facilitates the most innovative and flexible limit order swap opportunities in DeFi. The protocol’s features, such as dynamic pricing, conditional orders, and extra RFQ support, power various implementations, including stop-loss and trailing stop orders, as well as auctions.
The 1inch Network's governance token 1INCH is used to vote on protocol parameters under the decentralized autonomous organization (DAO) model.
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