The developers of the liquidity aggregator from 1inch decentralized exchanges have introduced an ecosystem for safe and efficient transactions. ForkLog was informed about this by representatives of the project.
According to them, 1inch Network includes 1inch Aggregation Protocol and 1inch Liquidity Protocol. The ecosystem is governed by a decentralized autonomous organization that allows users to vote on key protocol parameters and participate in the governance of the network.
The 1inch Network also includes a development group from 1inch Labs and the 1inch foundation that issued the 1INCH token. The non-profit organization develops networks and initiatives to support the community.
Earlier, the aggregator updated the 1inch Aggregation Protocol. The update will allow you to save on commissions.
As a reminder, in March 2021, 1inch announced a collaboration with the renBTC tokenized bitcoin project to launch a new liquidity program.
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