📟 1inch Weekly Recap #44

Dear community, we invite you to read a brief overview of 1inch news for the past week.

Updates, News and Integrations:

🇦🇪 The 1inch team was gathered in Dubai to prepare the greatest release

🌝 1inch integrated with Commonwealth to use its all-in-one governance platform

Events:

👉 1inch Network DAO Community Call #07 took place on Discord

Achievements:

👉 1inch hit 1.2 million followers on Twitter

Media:

📹 1inch DeFi Visions #24 – Kirill Arutyunov, NearPay

📃 Key insights of DeFi Visions #24

🪙 Crypto airdrops: Risks and opportunities

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🏁 The second round of the 1inch Wallet user experience research has come to an end!

Huge thanks to everyone who took an active part 🙏

1inch Fam is a power 🦾

📣 ETH burned weekly update 📣

🔹 Ether burned over the last 7 days:
356 ETH | $578.2K 🔼 90.37% compared to the previous week

🔹 Ether burned in total:
41,398 ETH | $128.2M 🔼 0.86% compared to the previous week

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📊 [1IP-11] 1inch Staking Pods

A major proposal for the total overhaul of 1INCH tokenomics and incentivized staking is live!

We invite you to cast your vote for the implementation of a new Staking Pod mechanic for the 💰 1INCH token.

📃 Read and vote: https://snapshot.org/#/1inch.eth/proposal/0xece08908c3e10e5125557bc52caac70e5cdc862c391bf02f870da9d1bcc40542

ℹ️ A brief summary of the [1IP-11] proposal:

– Incentivized time-locked 1INCH staking
– Permissionless delegation pods
– Reward distribution compatibility
– 50% of all current and future 1inch DAO protocol revenue shall be distributed to stakers

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Better to see once than hear a hundred times 💯

A series of performances 🗣️ from ETH Vietnam is opened by Nikita Kozlov, our Backend Team Lead. This time, he shared insights into building with the use of the 1inch Limit Order Protocol.

▶️ Watch: https://youtu.be/LXC-za5Yvw4

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What kinds of attacks 🔫 are DEX users vulnerable to?
And how does the 1inch RabbitHole protect your funds?

Get answers to these and other questions from 1inch co-founder Sergej Kunz’ talk 👨‍🏫 at ETH Vietnam.

▶️ Watch: https://youtu.be/cq-PoAuu6-s

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📹 1inch DeFi Visions #25 – Ruslan Serebriakov, Trust Wallet

Do you already miss a new 1inch DeFi Visions episode? 🙈 Here it comes!

This time, we interviewed Ruslan Serebriakov, senior smart contract engineer at Trust Wallet – a non-custodial multi-chain crypto wallet.

▶️ Watch: https://youtu.be/JUM3Bqla7po

📃 Read the key insights from the interview: https://blog.1inch.io/defi-visions-ruslan-serebriakov-10393667d920

📁 Check out all 1inch DeFi Visions episodes: https://youtube.com/playlist?list=PLHF7PiFqCHX-j86Yg8qpVIPRnvhDrFmGM

👍 Don't forget to like this video, leave a comment and subscribe to the 1inch YouTube channel!

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🎓 Want an expert opinion on the promises, drawbacks and prospects of the DeFi industry?

Then, don’t miss our last video 📹 from ETH Vietnam with Sergej Kunz participating in the ‘Scaling DeFi Towards Mass Adoption’ panel.

▶️ Watch: https://youtu.be/y-cfo2fGwW0

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Dear 1inch fam,

🙏 As 1inch prepares a great new feature, we invite you to try it out and share your feedback. By doing that, you will make an immeasurable contribution to our ecosystem's development.

Reward: 50 💰 1INCH tokens

💬 Join to participate: https://t.iss.one/+63SLBg5pRI44NDRk

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🌪 Staying safe from DeFi hacks

In DeFi, you are solely responsible for the safety of your funds ⚖️ The downside of that is vulnerability to hacks.

But you can protect your assets by using 🛡️ our suggestions.

Follow these simple rules and keep your funds safe.

📃 Read: https://blog.1inch.io/staying-safe-from-defi-hacks-c8d427ca6a6

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🎉 1inch Weekly Recap #45

Dear community, we invite you to read a brief overview of 1inch news for the past week.

Updates, News and Integrations:

📊 A major proposal for total overhaul of the 1INCH tokenomics and incentivized staking is live

🐶 1inch integrated the Baby Doge router as a new liquidity source

🎮 1inch x Illuvium’s 50 Private Beta spots raffle is live

Achievements:

🏆 1inch led FantomDaily’s top of Fantom projects by Galaxy Score

🔴 1inch entered Optimism’s top 6 dApps in 2022 by the number of transactions and fees generated

🥉 1inch took 3rd place on CryptoRank’s top 15 of DeFi projects by active users in the last 30 days with a result of 242K

💰 1INCH entered LunarCrush’s top 15 of coins

Media:

🇻🇳 How to build using the 1inch Limit Order Protocol | Nikita Kozlov

🐇 1inch RabbitHole | Sergej Kunz

📹 DeFi Visions #25 – Ruslan Serebriakov, Trust Wallet

🎓 Scaling DeFi Towards Mass Adoption | Sergej Kunz

🌪 Staying safe from DeFi hacks

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Christmas is not an external event, but a piece of our home in our hearts 💜

We wish you hope, peace and lots of cookies 🍪 this holiday season.

Remember, Santa 🎅 is watching. Everything. Yes, even that.

☃️ Merry Christmas, dear 1inch fam!

🆕 The 1inch Network releases a major upgrade, Fusion

Remember we teased some major release about a week ago?

This upgrade is gonna turn the DeFi game 🔃 upside down.

⛽️🚫 Meet Fusion Mode, which enables users to place orders without paying network fees!

The Fusion release is centered around the 1inch Swap Engine – a combination of existing and new tech aiming to improve the profitability and security of swaps.

The upgrade also contains major improvements to 🛡️ security, as well as updated staking contracts and tokenomics.

The 1inch Swap Engine is a decentralized trading and matching system that connects DeFi users with practically limitless liquidity through professional market makers. 🙌 Basically, it offers users access to almost all available liquidity in the crypto market.

💰🔨 The 1inch Swap Engine revolutionizes the execution of swaps on decentralized exchanges, offering a completely new type of decentralized order matching approach that uses the Dutch auction model, while being based on market rates and taking price impact into account.

Orders are filled by resolvers – professional market makers who pay applicable gas fees, while profiting from arbitrage trading. 🧐 To become resolvers, they will need to stake 1INCH tokens and deposit a sufficient balance of 1INCH into the “feebank” contract.

At the initial stages, resolvers won’t pay any fees, but, later, the 1inch DAO might introduce a fee for resolvers. 🤩 Top five resolvers – based on the amount and period of 1INCH staking – will have priority for filling orders.

⚡️ The 1inch Swap Engine powers Fusion Mode, which enables users to exchange tokens on various DEXes without paying any network fees, at the most favorable rates.

Fusion mode allows users to choose between three options: Fast, Fair and Auction.

In Fusion mode, professional traders who fill users’ orders use the most efficient ways of protecting users’ trades from MEV.

With its release, 🔁 swapping tokens directly on DEXes or on aggregators that offer no MEV protection, will no longer be a viable option.

⚒️ The 1inch Network’s governance and tokenomics have been significantly revamped, as well. Under the new governance system, users can stake their 1INCH tokens for a period ranging from one month to two years.

Users who stake 1INCH tokens receive 🦄🦾 Unicorn Power.

It could be used by 1INCH stakers to participate in network governance, it could be delegated to other users and to resolvers – in exchange for rewards from resolver incentive programs.

As resolvers compete for filling the most lucrative orders, there will be prioritizing based on resolvers’ delegated Unicorn Power.

✅ In addition, by staking their tokens, users contribute to the network’s overall stability.

‼️ The new system won’t allow staking tokens for periods shorter than one month, and Unicorn Power received for short-period staking won’t be sufficient to influence DAO decisions.

Meanwhile, the 1inch DAO could also create incentives for 1INCH stakers. ☝️ By the DAO’s decision, fees collected from resolvers could be distributed between 1INCH stakers, based on their commitment to the network and Unicorn Power.

The Fusion upgrade takes users’ DeFi experience to a completely new level, but the journey is far from over.

➡️ Read more: https://blog.1inch.io/the-1inch-network-releases-a-major-upgrade-fusion-96184d8141d3

Try it out now using our 🖥️ dApp: https://app.1inch.io/

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Enjoy the astonishing benefits of the ⚡️ 1inch Fusion update!

It allows you to get all market liquidity, zero gas fees and MEV protection in one place.

We are closing out 2022 with a sense of accomplishment to all DeFi users 😎

▶️ Trailer: https://youtu.be/A5WoRUA0s9Y

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📣 ETH burned weekly update 📣

🔹 Ether burned over the last 7 days:
134.8 ETH | $164.6K 🔽 62.13% compared to the previous week

🔹 Ether burned in total:
41,533 ETH | $128.3M 🔼 0.33% compared to the previous week

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🎄📟 It’s time for a special Christmas AI art contest from 1inch!

Prize fund: $2,000 in 💰 1INCH

🥇 $800
🥈 $500
🥉 $350
🏅 $200
🎗 $150

🏁 Entries accepted until Jan. 3

👨‍🎨 Theme: 1inch mascot carries a big bag with gifts, wearing a Santa Clause suit and standing in front of a chimney.

✅ To enter:

1️⃣ Join the 1inch Discord server
2️⃣ Post your submissions to the “#art” channel

🤖 Only AI-generated entries are accepted, but you can choose any AI tool you like.☝️ Don't forget to write the name of the AI tool you used.

‼️ Please note that only one submission per person is allowed. Don't try to steal from other participants or you will be excluded.

We will choose 5 best works according to our subjective opinion.

🤓 There are no specific criteria by which we will select winners in this contest, so each of you can become the lucky one.

May the patience be with you 🖖

Merry Christmas! 🎅 Ho, ho, ho!

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🧠 No one can tell the story behind the Fusion update better than 1inch’s co-founders – Sergej Kunz and Anton Bukov.

In this video, you will see our team under the hood: how we all worked 👨‍💻 on this major update changing the whole DeFi industry.

▶️ Watch: https://youtu.be/FhWhYDVs1ro

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Did you know that P2P 🤝 can be fully decentralized? 1inch makes it possible!

💡 In today's article, we have collected everything you need to know about P2P: advantages and negative aspects compared to regular trading.

📖 Read: https://blog.1inch.io/p2p-trading/

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📹 DeFi Visions #26 – Ivan Liljeqvist, Moralis

Here comes a new episode of the 1inch DeFi Visions series featuring Ivan Liljeqvist, founder and CEO at Moralis – enterprise-grade Web3 APIs providing a single workflow for building high-performance apps.

▶️ Watch: https://youtu.be/qJfQIZoHrME

📖 Read the key insights from the interview: https://blog.1inch.io/defi-visions-ivan-liljeqvist-7b1472cf3038

📁 Check out all DeFi Visions episodes here: https://youtube.com/playlist?list=PLHF7PiFqCHX-j86Yg8qpVIPRnvhDrFmGM

👍 Don't forget to like this video, leave a comment and subscribe to the 1inch YouTube channel!

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