What is 1inch Network?
1inch is a global network of decentralized protocols designed to provide the most lucrative, fastest and secure operations in the DeFi space.
1inch Network leverages the powerful characteristics of all popular chains, including Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, Avalanche, Gnosis, and Fantom, giving users ultimate flexibility for swapping digital assets.
The 1inch Network consists of 5 distinct, yet interoperable components:
The 1inch Aggregation Protocol facilitates cost-efficient and secure atomic transactions by utilizing a wide range of protocols and performing argument validation and execution verification. Users leverage the Aggregation Protocol anytime they interact with 1inch in order to find and execute the most efficient transactions across decentralized exchanges (DEXes).
The 1inch Network is governed by the 1inch DAO, a decentralized autonomous organization that enables 1INCH stakers to vote for key protocol parameters and take part in the network’s governance.
A key contributor to the 1inch Network is 1inch Labs, a decentralized group of software builders that develop a range of open-source protocols governed by users through the 1inch DAO.
The 1inch Foundation is a non-profit organization that issued the 1INCH token and is dedicated to fostering the 1inch Network and initiatives that benefit the network’s community. The 1inch Foundation incentivizes contributions through grants and other capital deployment vehicles.
Read more about the 1inch Network at 1inch.io!