What is 1Inch Network?
1inch is an automatic aggregator for DeFi yields and an automated market maker. It employs an algorithm to search for liquidity protocols on the Ethereum blockchain to find the most efficient trade for your order— in terms of price, slippage, liquidity, etc.
Founded by two developers at the ETH global hackathon in 2019, 1inch initially started as a simple, bootstrapped platform offering users a yield aggregator on the Ethereum blockchain. The platform has secured over $14 million in funding from investors and offers so much more thanks to the DeFi boom in 2020.
Benefits of 1inch
1. Efficient Crypto Swaps: 1inch allows users to execute crypto swaps as quickly and efficiently as possible. It sources liquidity from several DEX protocols on the Ethereum blockchain and finds the best route for your swaps- a feature they refer to as pathfinder.
2. Automated Market Maker: developed as Mooniswap, 1inch uses a constant product invariant equation to price and adjust swaps in liquidity pools,
3. Governance: 1inch token holders reserve rights to decide on ideas to move the protocol forward.
Should You Buy 1inch?
The DeFi space is filled with opportunities for savings, lending, borrowing, and exchange, and getting the best market rates on crypto-assets can be tasking, which is what 1inch is solving. Moreover, considering the value they offer, 1inch will likely cease to swing from mere market speculations and become more solid with time. As such, adding some 1inch to your bag might be a good idea. The token is available on popular cryptocurrency exchanges YouHodler, Binance, FTX, and Huobi Global.
How to get an instant 1inch Network loan
Don’t sell your 1INCH. Use it as collateral for an instant crypto loan and get up to 90% of your collateral’s value in a variety of currencies. We have 1INCH to USD loans, 1INCH to EUR loans, 1INCH to GBP loans, 1INCH to CHF loans, and stablecoin loans as well. Simply deposit 1INCH today, choose a loan plan – or create a custom one yourself – and you’ll receive up to 30,000 in a currency of your choice in seconds.
How to borrow 1inch Network - How does it work?
With our Crypto-Backed Loan service, you can borrow BTC, USDT, USD, EUR, GBP, or CHF only. That means if you want to borrow 1INCH you first must convert one of the above to fiat and convert it to 1INCH using our exchange service.
1inch Network loan calculator
You can use our 1INCH loan calculator with different loan plans to find the best option for you. You can see all parameters on the form such as loan duration, price down limit, and loan repayment. If you want to loan 1inch Network, please check the calculator first to see which plan works best for you.
1inch Network lending process
1inch Network lending is easy with YouHodler. Just open and verify your account, deposit your crypto to the wallet and use it as collateral for your future 1INCH loans.
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