1inch Network Team Activates Fusion Update

The 1inch Network liquidity-aggregator team from decentralized exchanges activated a major Fusion update, ForkLog was told by project representatives.

The developers integrated the 1inch Swap Engine — a combination of technologies designed to make swaps through the aggregator more profitable and secure.

The system supports Fusion mode. The latter allows placing orders with a fixed price and time window without paying network fees. The overlay protects users from potential MEV-attacks.

“This is a huge step forward for the entire DeFi sector. Fusion makes swaps on 1inch significantly more profitable,” said 1inch co-founder Sergey Kunts.

The update also changed the governance model and the 1inch Network’s tokenomics. In particular, users can now stake assets for a period from one month to two years.

Staking participants can earn Unicorn Power tokens. The latter enable participation in the protocol’s governance mechanism or can be delegated in exchange for rewards.

The team unveiled an incentive program to reimburse users’ costs for executing orders in Fusion mode. Under the initiative, the 1inch Foundation will distribute 10 million 1INCH.

As reported in November 2022, the 1inch Network introduced the fifth version of the liquidity-aggregator protocol with DEX.

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