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1inch Network launched a spotlight aggregator
The 1inch Network Defi Марк Кьюбан по-прежнему project was presented. The solution allows you to “immediately display the quotes of tokens in the interfaces of sites and applications, the team representatives said FORKLOG.
The tool provides an average token price for several DEX liquidity.
According to the team, the need for the solution arose due to a specific problem: not all aggregated 1inch tokens are supported by existing information information systems.
The liquidity aggregator of spot prices interacts with various DEX through smart contracts for the “immediate” receipt of information from the blockchain. If there is no direct pair between the two tokens, the tool calculates the data using an intermediary asset.
According to the project team, the main advantages of their solutions are:
- lack of delay with price display;
- Support for a large amount of DEX in Ethereum, Binance Smart Chain, Polygon, Avalanche, Optimistic Ethereum, Arbitrum and Gnossis Chain.
Among the potential options for using the new 1inch aggregator, cryptocurrencies, price trackers and portfolio managers are named.
Recall that in February the project launched an investment product of 1inch Earn on the basis of a concentrated liquidity concept.