Summary
TLDR: The article from 1inch highlights the partnership between the decentralized exchange aggregator and the Mooniswap automated market maker. This collaboration aims to enhance the user experience and provide better liquidity and pricing for traders. The integration of Mooniswap’s technology into 1inch will allow users to access more competitive rates for their trades and reduce slippage. Additionally, the article mentions the benefits of this partnership for liquidity providers, as they can earn higher returns by supplying assets to the Mooniswap pools through 1inch.
Key Points
1. 1inch is a decentralized exchange (DEX) aggregator that allows users to find the best prices for their cryptocurrency trades across multiple exchanges. It aggregates liquidity from various DEXs and executes trades on behalf of users, ensuring they get the most favorable rates.
2. The platform is built on the Ethereum blockchain and utilizes smart contract technology to automate and streamline the trading process. This eliminates the need for users to manually search for the best prices and execute trades individually on different exchanges, saving time and effort.
3. 1inch employs a unique algorithm called Pathfinder, which analyzes liquidity pools and order books across different DEXs to identify the most optimal trading routes. This enables users to access deep liquidity and execute trades with minimal slippage, maximizing their trading efficiency and potential profits.