1inch Network is arguably one of the most reputable and trusted ecosystems that unites decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space. It consists of 6 distinct yet interoperable components: The 1inch Aggregation Protocol, the 1inch Liquidity Protocol, 1inch DAO, 1inch Mobile Wallet, 1inch Labs, 1inch Foundation.
1INCH is an ERC-20 utility & governance token, and the 1inch Network is governed by a decentralized autonomous organization (DAO). 1inch is unique in that it provides instant governance for its users. This feature allows 1inch users to vote for specific protocol settings in the DAO model. The instant governance makes it easier for token holders to make changes to the protocol and circumnavigates many of the inefficiencies of many current DAO models.
1inch Network is arguably one of the most reputable and trusted ecosystems that unites decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space. It consists of 5 distinct yet interoperable components: The 1inch Aggregation Protocol, the 1inch Liquidity Protocol, 1inch DAO, 1inch Labs, 1inch Foundation. 1inch Network has recently surpassed over $35B in cumulative volume.
The initial protocol of the 1inch Network is a DEX aggregator solution that searches deals across multiple liquidity sources, offering users the best rates on the market. Over 51 liquidity sources on Ethereum and 22 liquidity sources on Binance Smart Chain supported. Our algorithm is able to find the most efficient path across multiple DEXes, preventing users from interaction with an unsafe liquidity source and offering the best rate on the market.
This is a proposal for adding the 1inch token (1INCH) to AAVE as a collateral. We believe 1INCH would be a valuable addition with its reliable live price feeds, strong community interest, and sufficient market liquidity.
<aside> 💡 Popularity 1INCH has been listed on Coinbase, Binance, Gemini and other significant exchanges currently ranks in the top 100 of total coins by market capitalization. 1INCH has a flourishing community of over 200,000+ members across multiple online channels, as well as more than 178,000+ active wallets and 51,000+ token holders. We believe that the addition of our token to AAVE will step up activity on the platform and provide a vast number of opportunities to the communities of both projects.
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<aside> 🔍 Transparency 1INCH is an ERC-20 utility & governance token, and the 1inch Network is governed by a decentralized autonomous organization (DAO). 1inch is unique in that it provides instant governance for its users. This feature allows 1inch users to vote for specific protocol settings in the decentralized autonomous organization (DAO) model.
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<aside> 🌊 Liquidity 1INCH is at over $1B in market cap at the time of writing. It has deep liquidity on both centralized and decentralized exchanges.
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<aside> 🤝 Defi Adoption 1INCH is an active project in the Defi ecosystem and has already submitted applications to the MakerDAO and Compound communities.
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