1INCH
The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space. Built on the Ethereum blockchain, 1inch was founded in May 2019 by Surjey Kunz and Anton Bukov during an ETHGlobal hackathon. Kunz previously worked as a software engineer for Porsche, while Bukov was a developer who previously worked on the NEAR Protocol.
1inch Products
Aggragation Protocol
The 1inch API v4, Pathfinder, is a cutting-edge discovery and routing algorithm, which offers asset exchanges at the best rates on the market. Pathfinder finds the most efficient paths for a token swap, able to split between different protocols and even different market depths in within one protocol in the shortest possible time.
Limit Order Protocol
1inch limit order protocol is a set of smart contracts, that can work on any EVM based blockchains (Ethereum, Binance Smart Chain, Polygon, Arbitrum, Optimism, Gnosis Chain, Avalanche). Key features of the protocol is extreme flexibility and high gas efficiency that achieved by using two different order types - regular Limit Order and RFQ Order.
Spot Price Aggregator
The 1inch spot price aggregator is a set of smart contracts that extract price data for tokens traded on DEXes from the blockchain. To avoid price manipulations within a transaction, the spot price aggregator should ONLY be used off-chain. DO NOT use it on-chain.