This Week in DeFi – December 3

To the DeFi community, This week, 1inch announced closing a $175 million Series B funding round, led by Amber Group. The AMM aggregator will spend the additional capital scaling up the development team and developing new protocols to serve as an access point to DeFi for institutional investors.   L2 non-custodial exchange DeversiFi announced … Read more

This Week in DeFi – August 20

To the DeFi community, This week, Balancer introduced the Balancer Grants DAO, a community-driven DAO with the power to grant between $1,000 and $75,000 to projects committed to helping Balancer become the leading DeFi protocol for programmable liquidity. The initial round of grants will be disburse 20,000 BAL tokens over the next three months. Follow … Read more

This Week in DeFi – July 30

To the DeFi community, This week, DeFi had another mainstream moment as the feature story on the cover of Fortune magazine, bringing the ethos of the early days of decentralized finance to the masses. Featuring insights and commentary from leading DeFi traders and developers, it’s another sign that the industry is being taken more seriously … Read more

How the 1inch Network provides full security regardless of protocol used

Here is another post in a series explaining the 1inch Network’s advantages that is focused on the security of the 1inch Aggregation Protocol. Swapping crypto assets on decentralized exchanges (DEXes) entails security risks, as protection models vary across DEXes, and some of them have vulnerabilities. Basically, some DEXes are not sufficiently protected and haven’t been … Read more

Fulcrum had a $2.5m vulnerability over a month ago and still hasn’t told anyone

DeFi has the potential to provide access to financial services to billions of people. But it is also a young space and vulnerable to errors, occurrences which some parties are all too happy to exploit as proof that DeFi will never work. We feel compelled to disclose the interactions we had with the bZx/Fulcrum team … Read more

1inch did the best to help to recover $25M stolen from dForce ecosystem

A hacker who stole the funds from DeFi platform voluntarily returned the entire amount. On April 19, the global decentralized finance (DeFi) space suffered a serious blow as a hacker attacked the Chinese lending platform, which is part of dForce ecosystem, and stole roughly $25M, or nearly all of the funds staked on the … Read more

1inch integrates Curve’s sUSD pool with Synthetix staking

1inch users are set to benefit from the pool’s high annual percentage rate (APR) and extra staking rewards from Synthetix. We are constantly looking for new opportunities for our users to cash in, and here’s a new one: 1inch has added native integration with Curve’s sUSD exchange liquidity pool and Synthetix staking. Users who provide … Read more

1inch protocol supports now Compound USDT lending token

Sample with a multi path routing from ETH to cUSDT token We have added support for Compound cUSDT token in our 1inch protocol and dApp, providing our users with another attractive option for collecting an interest income. Just a few days ago, we heard that the Compound Protocol had listed Tether (USDT), and we decided to integrate … Read more

1inch implements integration with Synthetix Exchange

Thanks to this integration, users will be able to swap their tokens into Synthetix sUSD and then conveniently trade any Synth assets in 1inch’s user-friendly interface. In this post, we’ll explain how to trade Synthetix’ Synths tokens on 1inch without having to go to Synthetix exchange. We have recently implemented deep integration with Synthetix.Exchange. As … Read more

1inch integrates Uniswap V2 protocol

As we constantly work on encompassing the most innovative technology, we integrated Uniswap V2, the second iteration of promising Uniswap protocol, on day zero. We are excited to share the news that Uniswap V2, the second version of the pooled automated liquidity protocol Uniswap, is now fully integrated into our dApp and protocol. As you know, … Read more