{"id":54815,"date":"2021-12-16T17:00:00","date_gmt":"2021-12-16T15:00:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=54815"},"modified":"2025-09-03T22:17:15","modified_gmt":"2025-09-03T19:17:15","slug":"1inch-unveils-the-second-version-of-its-limit-order-protocol","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/1inch-unveils-the-second-version-of-its-limit-order-protocol\/","title":{"rendered":"1inch unveils the second version of its limit-order protocol"},"content":{"rendered":"<p><span data-descr=\"decentralized exchanges\" class=\"old_tooltip\">DEX<\/span>-aggregator 1inch unveiled the second version of the protocol for limit-order operations \u2014 1inch Limit Order Protocol v2. Users have access to &#8216;gasless&#8217; swaps of permits-enabled tokens, ForkLog representatives said.<\/p>\n<p><!--more--><\/p>\n<p>In June 2021, the limit-order protocol in the 1inch app <a href=\"https:\/\/forklog.com\/en\/news\/defi-project-1inch-launches-new-limit-order-protocol\">launched<\/a>. According to <a href=\"https:\/\/dune.xyz\/queries\/295325\">Dune Analytics<\/a>, since then the feature has been used by more than 20,000 addresses, which executed about 60,000 trades with a total volume of $2.96 billion.<\/p>\n<p>The new version of the protocol enables gasless swaps of tokens for ETH. This allows users who do not hold ETH in their balance to interact with the aggregator.<\/p>\n<p>The service is available for permits-enabled tokens. This feature, proposed in <a href=\"https:\/\/eips.ethereum.org\/EIPS\/eip-2612\">EIP-2612<\/a>, allows paying transaction fees using ERC-20 assets with the tokens themselves, rather than ETH.<\/p>\n<p>On the Ethereum network, permits support 112 assets. A similar feature exists on Binance Smart Chain and Polygon networks. In the former, 33 projects are compatible; in the latter, 15. These include tokens like Aave (AAVE), Uniswap (UNI) and Balancer (BAL).<\/p>\n<p>The developers also optimised the RFQ trading mode. For example, market makers can designate a specific <a href=\"https:\/\/academy.binance.com\/ru\/articles\/what-are-makers-and-takers\">\u0442\u0435\u0439\u043a\u0435\u0440\u0430<\/a> for executing an order. <\/p>\n<p>The audit of 1inch Limit Order Protocol v2 was conducted by several firms, including <a href=\"https:\/\/github.com\/1inch\/1inch-audits\/raw\/master\/Limit%20Order%20Protocol%20V2\/1inch%20Limit%20Order%20Portocol_Certik.pdf\">Certik<\/a> and <a href=\"https:\/\/github.com\/1inch\/1inch-audits\/blob\/master\/Limit%20Order%20Protocol%20V2\/1Inch%20Limit%20Order%20Protocol_Pessimistic.pdf\">Pessimistic<\/a>. The source code of the protocol is hosted in the GitHub repository <a href=\"https:\/\/github.com\/1inch\/limit-order-protocol\/tree\/v2\">GitHub<\/a>.<\/p>\n<p>Back in November, 1inch <a href=\"https:\/\/forklog.com\/en\/news\/1inch-network-updates-liquidity-aggregator-protocol-for-dexs\">unveiled the fourth version of the protocol<\/a> for a DEX liquidity aggregator.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DEX-aggregator 1inch unveiled the second version of the protocol for limit-order operations \u2014 1inch Limit Order Protocol v2.<\/p>\n","protected":false},"author":1,"featured_media":54816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1487,1093],"class_list":["post-54815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-1inch","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"39","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=54815"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54815\/revisions"}],"predecessor-version":[{"id":54817,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54815\/revisions\/54817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/54816"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=54815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=54815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=54815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}