change (DEX) platform, that improves the way users trade cryptocurrencies. It offers a more competitive trading experience, removes the need for native tokens to pay for gas fees, and protects users from front-running attacks (MEV).

In Fusion Swap, when you want to trade one cryptocurrency for another, you set up an order as a “maker.” After you’ve placed your order, other participants called “resolvers” compete to fulfill it while also covering the gas fees.

Resolvers are approved addresses that have staked 1INCH tokens and can complete orders on the 1inch Network. They compete in a “dutch auction” style, where the trading rate starts high and decreases until one of the following happens:

A resolver fills the order.

The price falls below your acceptable price range (slippage tolerance).

The order expires.

If the price goes below your acceptable range or the order expires, the trade won’t go through, and you’ll need to resubmit it. One of the best parts of Fusion Swap is that you don’t need any native tokens (like ETH, BNB, or MATIC) in your wallet to cover fees, even for failed or expired orders.

Fusion Swap offers several benefits for both regular users and resolvers:

Users:

Trade without needing native tokens for gas fees (within a specific price and time range).

Protection from MEV attacks.

No price impact on trades.

No fees for failed transactions.

Fast trade execution.

Resolvers:

Earn rewards from staking 1INCH tokens.

Collect fees for completing orders.

Participate in the 1inch Network Gas refund program.

Gain 1inch DAO governance voting power.

HOW TO SWAP:

With Fusion mode, there are several options :

Auto (recommended): Execute a trade at the best rate possible automatically, base on current market conditions.

Fast: Execute the fastest trade, but at a lower rate.

Fair: Execute a swap with a slower speed (6 min), but at a potentially better rate.

Custom: This feature is under development. Stay tuned for future updates!

By default “Auto” is the recommended setting, as it offers the smoothest user experience.

How to swap:

First, connect your wallet to the 1inch dApp.

Then, enter the amounts you would like to swap, and click either “Permit and swap” or “Approve tokens” depending on the asset you are selling. You will need to sign this approval transaction in your wallet.

Once the approval or permit is successful, click swap. Then confirm the details on the following screen, and click “Confirm swap”.

Once the transaction is sent, it will show as “pending” in the upper right corner of the page. During this time (dutch auction), the rate will slowly decrease until a resolver takes the order.

What happens if my swap expires?

If the swap expires, it will need to be resubmitted. Unlike a legacy swap, won’t cost any gas fees! You can check the status by clicking on your “connected address” in the upper right corner of the pag

1inch Network website: https://1inch.io/

Decentralized exchanges, or DEXes, have been a transformative force in the world of cryptocurrency trading. They offer users the ability to trade digital assets without the need for a centralized intermediary, enhancing privacy, security, and accessibility. While various DEX platforms have emerged, 1inch stands out for its unique features and unparalleled versatility when compared to any specific DEX.

Aggregation of DEXes:

One of the standout features of 1inch is its ability to aggregate liquidity and trading pairs from multiple DEXes. This means users can access a broader range of trading options and potentially achieve better prices by routing their trades through 1inch. This feature ensures that traders get the best possible deal and minimizes slippage.

Low Slippage and Reduced Fees:

1inch’s Pathfinder algorithm intelligently routes trades through various DEXes to minimize slippage. Slippage occurs when the execution price of a trade differs from the expected price, and it can be a significant concern on many DEXes. Additionally, 1inch’s use of various liquidity sources helps reduce fees, as it can take advantage of the most cost-effective options available.

Gas Efficiency:

Gas fees on the Ethereum network have been a major concern for traders, especially during periods of high congestion. 1inch’s Gas Token (CHI) is a novel solution to this problem. It allows users to optimize gas usage, potentially saving on transaction costs.

Limit Orders and Staking:

1inch allows users to create limit orders, a feature not commonly found on most DEXes. This functionality enables traders to set specific price levels for executing their trades, providing more control and flexibility. Additionally, 1inch offers staking opportunities, allowing users to earn rewards for providing liquidity to the platform.

Cross-Chain Functionality:

1inch isn’t limited to a single blockchain. It has expanded its services to various chains, making it a versatile tool for those involved in multi-chain trading. This cross-chain functionality opens up a world of opportunities for traders and investors.

Security and Trustworthiness:

1inch takes security seriously, employing rigorous security measures to protect user funds. The platform has undergone multiple audits, enhancing its reputation as a trusted and reliable trading solution.

In conclusion, 1inch offers a wide array of features that make it a strong contender in the DEX space. Its ability to aggregate liquidity, reduce slippage and fees, enhance gas efficiency, and provide cross-chain support makes it a versatile and powerful tool for traders. While specific DEXes have their unique features and strengths, 1inch’s ability to offer the best of all worlds in a single platform sets it apart as an attractive choice for cryptocurrency enthusiasts.

When considering your options for decentralized trading, exploring 1inch’s capabilities and the benefits it provides could significantly improve your trading experience. The versatility and robust features of 1inch make it a valuable addition to the decentralized finance ecosystem.

1inch links:

https://apps.apple.com/us/app/1inch-defi-wallet/id1546049391

https://play.google.com/store/apps/details?id=io.oneinch.android&pli=1

https://1inch.io/