1inch is a decentralized exchange (DEX) aggregator to help users discover the best trade prices for tokens.
- What is 1inch.exchange?
1inch.exchange is a DEX aggregator with the best prices on the market.
They draw liquidity from their own liquidity pools as well as from Uniswap, Kyber Network, Balancer, Bancor, 0x protocol, and curve.fi to name a few. Currently the have 44 aggregated routes and growing.
The platform launched its governance token, 1INCH, in December 2020. The main way to earn 1INCH tokens is by providing liquidity to 1inch’s liquidity platform or by Staking 1INCH in the governance portal.
- How was 1inch.exchange launched?
1inch.exchange was founded in May 2019 by Sergej Kunz and Anton Bukov, two Russian developers who came together to audit smart contracts. Before founding 1inch, the duo participated and won several bounties at hackathons for MakerDAO, Set Protocol, and Kyber Network.
They came up with the idea for an efficient DEX aggregator during an ETH Global hackathon where they rubbed shoulders with Vitalik Buterin and Hayden Adams.
Surprisingly, they did not win any prizes from the hackathon where the idea for 1inch.exchange was born.
The meaning behind the name 1inch.exchange draws inspiration from Bruce Lee’s “One-inch punch” – efficiency is key.
- Who are the team members behind 1inch.exchange?
Sergej Kunz and Anton Bukov are the founders of 1inch.exchange.
Please view our Video Interview with Sergej Kunz for exclusive insights on 1inch.exchange and the general DeFi landscape.
Anton is widely considered to be a genius within the developer community creating many different products before becoming notably successful with 1inch.exchange.