In the ever-evolving world of decentralized finance (DeFi), 1inch has emerged as a game-changer with its innovative Fusion Mode feature. This feature allows users to place orders on the site with a specified price and time range without paying any network fees.
Fusion Mode is a significant upgrade to the 1inch platform, introduced in 2022. It provides an extra layer of security, protecting users from sandwich attacks. There are three main modes of operation in Fusion Mode:
Fast: The swap is executed within the first few blocks; in this case, the user agrees to a slightly less favorable price.
Fair: We are interested in the price at which the order will be executed, not the speed of execution.
Auction: The user agrees to wait 10 minutes to get the most favorable price.
To perform a Fusion swap using the 1inch dApp, follow these steps:
Go to the 1inch website : https://1inch.io/ and click 'connect wallet'.
Choose a wallet and the network to use on this website.
Choose the tokens to swap and enter the amount.
Click on Settings and enable Fusion Mode.
Return to the swap page and click on the down arrow.
Set the values you need and click the 'swap' button.
The process of performing Fusion swaps using the 1inch Wallet is similar to the dApp. You need to connect your wallet, select tokens, enable "Fusion" mode, review details, and approve the transaction.
For a versatile approach, you can combine the functionalities of both the 1inch dApp and Wallet. Initiate on the 1inch dApp, access Fusion mode for the best rates, and execute the swap within the 1inch Wallet.
Link for IOS app :
https://apps.apple.com/us/app/1inch-defi-wallet/id1546049391
Link for android app :
https://play.google.com/store/apps/details?id=io.oneinch.android&pli=1