1inch Fusion: A New Standard for Decentralized Finance - TOKEN2049 Singapore 2023
Explore the cutting-edge developments in decentralized finance with "1inch Fusion: A New Standard for Decentralized Finance," presented at TOKEN2049 Singapore 2023. Sergey Kunz, co-founder of the 1inch Network, delves into the revolutionary technologies that aim to transform the DeFi landscape.
Since its inception in 2019, 1inch Network has been pivotal in creating secure, efficient, and user-friendly protocols for decentralized finance. This talk introduces the innovative 1inch Fusion, an evolution in token swaps leveraging the network’s proprietary limit order protocol. Fusion enhances liquidity, ensures unmatched rate execution, and brings asynchronous trading on-chain, breaking the traditional transaction sequence and offering a seamless trading experience.
Kunz highlights the critical challenges that Fusion addresses, including Math attacks, front-running, and sandwich attacks, which reportedly resulted in significant losses in 2022. By leveraging a Dutch auction model, Fusion offers decentralized and secure transactions, preventing harmful exploits by introducing conditions that protect users by design.
Furthermore, Fusion opens new avenues for market makers and arbitrage traders, bridging liquidity between centralized exchanges and DeFi platforms while maintaining compliance through rigorous KYB and AML protocols. Kunz also discusses the introduction of their developer portal, offering software services for building DeFi applications on top of 1inch’s robust APIs.
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