1inch team unveils the 1inch Network ecosystem

The developers of the liquidity aggregator for decentralised exchanges, 1inch, have unveiled an ecosystem for secure and efficient operations, ForkLog has been told by project representatives.

According to them, 1inch Network includes the 1inch Aggregation Protocol and the 1inch Liquidity Protocol. The ecosystem is governed by a decentralised autonomous organisation that allows users to vote on key protocol parameters and participate in network governance.

The 1inch Network also includes a group of developers from 1inch Labs and the 1inch Foundation, which issued the 1INCH token. The non-profit organisation is responsible for developing the network and initiatives to support the community.

Earlier the aggregator updated the protocol of the 1inch Aggregation Protocol. The update will save on fees.

In March 2021, 1inch announced a collaboration with the tokenised Bitcoin project renBTC to launch a new liquidity program.

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