The 1inch team, the liquidity-aggregator for decentralized exchanges (DEXs), released an update to the platform, according to 1inch representatives.
The main feature of 1inch v2 is the new Pathfinder algorithm, designed to search for the best opportunities for token swaps in a short time.
In addition to splitting swaps across multiple supported liquidity protocols, Pathfinder uses several market-depth levels within a single protocol.
The update also substantially reduces the risk of failed transactions and improves the user interface, the platform’s representatives noted.
The 1inch v2 smart contract has already undergone eight security audits.
The platform supports all major protocols, including Uniswap V1, Uniswap V2, Sushiswap, Kyber, Oasis, Compound, Aave, Yearn, Bancor and others.
Earlier in August, 1inch introduced the Mooniswap automated market maker algorithm.
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