1inch announces partnership with Beefy

The DeFi project 1inch Network has become a partner of the yield-aggregator Beefy. ForkLog was told this by the company’s representatives.

By using the 1inch API in the operation of Beefy’s new ZAP tool, users will be able to earn yield from the aggregator’s products by depositing assets from their wallets.

“The Beefy app can display the rates offered by 1inch. The user will be able to see an estimate of how much they will receive after deducting all costs, and choose their preferred slippage tolerance,” noted the Beefy developers.

The 1inch API now supports Beefy’s ZAP V2, available on the BNB Chain, Polygon, Optimism, Arbitrum, Fantom, Avalanche, and Aurora networks.

To celebrate the January launch of ZAP V2, Beefy is offering the tool free of charge to clients during January. After this period, a 0.05% fee will be added to each transaction.

Additionally, ZAP V2 users on Optimism will participate in an airdrop of 5,000 OP tokens.

In December 2022, the 1inch Network team activated a major Fusion upgrade. The developers then integrated the 1inch Swap Engine — a combination of technologies designed to make swaps via the aggregator more advantageous and secure.

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