The 1inch Fusion protocol facilitates intent-based swaps, which empower DeFi users to place orders with a specified price and time range, paying no network fees. Meanwhile, the upgrade also contains major improvements to security, as well as updated staking contracts and tokenomics.
The more a user knows about possible vulnerabilities or scam attacks, the safer their assets are. While DeFi is constantly evolving and blockchain technology is becoming more secure, hackers still succeed in running fraudulent schemes and taking advantage of security vulnerabilities. However, not every news report about another project suffering from a hacker attack should necessarily be frightening. In many cases, user funds remain safe or possible losses are offset by coverage, while on many
In DeFi Visions, a series of video interviews, the 1inch Network talks to the most prominent people in the DeFi space. In this post, you’ll find the main takeaways from a recent interview with Ruslan Serebriakov, senior smart contract engineer at Trust Wallet. Ruslan’s process of entering the crypto space consisted of three stages, he recalls. He first heard about crypto back at university in Ukraine around 2014 or 2015 when he had a class on bitcoin and mining. “I was curious but I never real
Airdrops is a way of receiving tokens without any effort or investment. Still, knowing the risks related to airdrops will help you to avoid security threats. Airdrop tokens are assets sent to wallet addresses as part of crypto projects’ promo campaigns. Coins are distributed for free or in return for some activity that doesn’t normally require much from users. As airdropped tokens are, to some extent, similar to manna from heaven, the name for this form of marketing activity was taken from that
In DeFi Visions, a series of video interviews, the 1inch Network talks to the most prominent people in the DeFi space. In this post, you’ll find the main takeaways from a recent interview with Kirill Arutyunov, CTO at NearPay. Kirill’s crypto journey started at a hackathon back in 2017 when he met a few people interested in blockchain and joined a relevant track. “We spent two days trying to install Hyperledger Fabric on a MacBook,” he recalls. “Basically, we didn’t build anything, we just spe
This post offers key insights from a recent interview with Alex Shevchenko, CEO at Aurora.
The understanding of how market makers work and how liquidity is generated helps users to make more profitable swaps and discover new opportunities in DeFi. Key takeaways: — AMMs automate crypto trading on decentralized exchanges (DEXes), removing the need for traditional buy-sell based trading. — Central to AMMs, liquidity pools are collections of funds locked in a smart contract, facilitating efficient token swaps and price determination. — In AMMs, users trade with a smart contra
The 1inch Network is happy to present you the November digest of major news and updates. Updates, news and integrations One of the recent months’ most important releases was the 1inch RabbitHole, an innovative feature that protects MetaMask users swapping on 1inch from sandwich attacks — the most common type of front-running. With this feature, transactions are sent directly to validators, rather than to the mempool where they could be attacked by sandwich bots. In a move to further improve
In DeFi Visions, a series of video interviews, the 1inch Network talks to the most prominent people in the DeFi space. This post contains the main takeaways from a recent interview with Lukas Schor, co-founder of Safe (formerly Gnosis Safe). Lukas was first exposed to crypto in 2016 when watching Vitalik Buterin’s video about Ethereum. Then, after “meeting different people connected with crypto and observing a lot of money flowing into the market,” he decided to get involved himself. Lukas bel
The knowledge of tokenomics is essential for navigating cryptocurrencies, making smart investments and engaging with platforms. Key Takeaways: — Tokenomics covers the design and characteristics of cryptocurrencies, including issuance, supply, distribution, incentive mechanisms, inflation control and utility. — Supply metrics include circulating supply,total supply and max supply. — Inflation control relies on burning mechanisms that reduce total token supply. — Market capitalizat
The 1inch RabbitHole feature will protect MetaMask users from sandwich attacks, one of the most common ways of extracting MEV in DeFi. The 1inch Network is thrilled to introduce the 1inch RabbitHole, a brand new feature that aims to protect MetaMask users swapping on 1inch from sandwich attacks — the most common type of front-running. Sandwich attacks explained When making swaps on decentralized exchanges, users can potentially become victims of a so-called “sandwich attack,” a way of gettin