Decentralized exchange (DEX) 1inch has introduced an innovative feature called “Fusion+” to be a “1inch Fusion+.” This new feature allows users to swap digital assets seamlessly across different blockchains maintaining full control over their funds. This combines both on-chain and off-chain liquidity to improve the efficiency of asset swaps providing a smoother trading experience for users. One of its key highlights is its ability to maintain self-custody, meaning that users never have to give up control of their assets during transactions.
Protection Against MEV Attacks
A main feature of Fusion+ is its built-in protection against maximal extractable value (MEV) attacks. MEV attacks are a common issue in the decentralized finance (DeFi) space. These attacks involve bots manipulating transactions to extract value from users through practices like front-running or sandwiching trades. 1inch’s new feature aims to protect users from such malicious attacks, enhancing the overall security of the trading process.
Atomic Swap Technology for Safety
Fusion+ is powered by atomic swap technology, ensuring that all transactions are “all-or-nothing.” This means that if a swap is unsuccessful, the funds are automatically returned to the user, providing an additional layer of security. Furthermore, these swaps are governed by smart contracts that verify the conditions of each transaction. This trustless approach eliminates the need for third-party approvals, making the process more secure and reliable.
OKX Wallet Partners with 1inch
In a strategic partnership, OKX Wallet has integrated 1inch’s Swap and Fusion APIs into its multi-chain wallet. This wallet aggregates nearly 500 decentralized exchanges, providing users with access to a broad range of trading options.
Enhancing Swap Efficiency and Security
The collaboration between OKX Wallet and 1inch enhances the token swap experience by offering more efficient swaps. Users can access the best rates across multiple DeFi ecosystems, along with built-in MEV protection to safeguard against common attacks like front-running.
Increased Liquidity and Flexibility
By combining decentralized and centralized exchange liquidity, users benefit from deeper liquidity, better pricing, and reduced slippage, especially during larger trades. This creates a more seamless and flexible trading environment.
OKX’s Commitment to Innovation
This partnership underscores OKX’s dedication to enhancing user satisfaction and innovation. Through 1inch’s advanced technologies, OKX provides a more efficient and secure swapping experience, allowing users to optimize their trading strategies across various platforms.
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