The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest, and protected operations in the DeFi space.
The 1inch Network's first protocol is a decentralized exchange (DEX) aggregator that searches deals across multiple liquidity sources, offering users better rates than individual exchanges. The 1inch Aggregation Protocol contains the Pathfinder algorithm for locating the best paths across over 240+ liquidity sources on Ethereum, Avalanche, Polygon, BNB Chain, Fantom and other blockchains. In two years, the 1inch DEX aggregator has gained 1M users.
The 1inch Network's governance token 1INCH is used to vote on protocol parameters under the decentralized autonomous organization (DAO) model.
Sergej Kunz and Anton Bukov founded The 1inch Network during the ETHGlobal New York hackathon in May 2019. Before 1inch, Sergej Kunz worked as a developer at Commerce Connector, Herzog, and Mimacom consultancy, then at Porsche in DevOps and cybersecurity.
Anton Bukov has been working in software development for the last 20 years and on decentralized finance (DeFi) - for over five years in numerous projects, including gDAI.io and NEAR Protocol.
1inch Network is planning
to expand its presence in the Asian DeFi market. Recently, it integrated
with South Korea's most popular metaverse blockchain Klaytn, providing users access to the 1inch Limit Order Protocol v2, KokonutSwap, KlaySwap, Klap and ClaimSwap.