📣 1inch governance rewards weekly update 📣

🔷 ETH: collected more than $317K (148K 1INCH tokens) 🎉🥳

🔶 BSC: collected more than $52K (24K 1INCH tokens) 🎉🥳

When the whole crypto world is in panic and fear. When the strongest DeFi heroes are getting outplayed by the pressure of authorities and tyranny…

There is only one 🦄 unicorn ready to sacrifice everything for decentralization and freedom!

🎉🎊 In a bid to make users’ experience even greater, the 1inch Network is glad to announce the release of a new swap UI.

🖥 Meet the Simple Mode swap interface for the 1inch dApp!

The Simple Mode swap interface will offer traders an unprecedented degree of user 🤝 friendliness in a situation when an ever 📈 higher proportion of swap volume is diverted from separate exchanges to DEX aggregators.

🚀 The launch of the new interface enables 1inch, a leading DEX aggregator with over 70% of the DEX aggregation market share, to be ahead of the game.

😎 Enough preludes, it's time for you to try the brand new 1inch Simple Mode interface!

➡️ More info: https://blog.1inch.io/1inch-releases-new-swap-ui-24a683a51039

🎰 Join the 🦄 1inch NFT raffle in collab with Project Galaxy and win an exclusive NFT!

To enter:

✅ Follow both 1inch & Project Galaxy on Twitter

✅ Like and retweet this post

✅ Reply with #1inchNFT hashtag

🗓 5 lucky winners will be chosen randomly on August 3rd.

2 months have passed since the arrival of the great crypto bear. Even though he has run out of power now, he is still dangerous. How many more sons of DeFi will sell their assets instead of buying the dip?

🦄 It's time for the final 1inch punch into the bear's face!

💰 Get ready for gas cost refunds!

🗓 On September 1, 2021, the 1inch Foundation will begin distribution of 10M 1INCH tokens as gas consumption refund to users who will stake 1INCH through the 1inch dApp.

➡️ More details: https://blog.1inch.io/the-1inch-foundation-will-distribute-10-mln-1inch-to-the-defi-community-as-gas-cost-refunds-2dd35a6a084f

💡 The idea of such a gas refund initiative was proposed by the 1inch 👥 community members through the 1inch Network’s governance forum.

💸 The spent gas amount will be refunded in 1INCH tokens on the first day of each subsequent month.

📆 The first refund distribution for the end of July and August staking will take place on September 1.

‼️ To be eligible for monthly gas refunds, 1inch users need to stake 1INCH for the whole period between the first swap in a month to be taken into consideration and the day of the gas refund distribution itself.

The amount of staked 1INCH tokens is also important as:

✅ staking of 100 1INCH => 25% gas refund;
✅ staking of 1,000 1INCH => 50% gas refund;
✅ staking of 10,000 1INCH => 75% gas refund;
✅ staking of 100,000 1INCH => 100% gas refund.

⏱ The current refund program will run until the 10M 1INCH mark is reached.

⚠️ Please, note that only transactions with such parameters as ‘fast gas price’ and ‘slippage tolerance >= 1%’ chosen in the 1inch dApp (either web or iOS versions) are eligible for refunds.

🦄👊 Moreover, the violation of community rules by increasing the activity of unscrupulous users will result in automatic disqualification.

📣 1inch governance rewards weekly update 📣

🔷 ETH: collected more than $139K (62K 1INCH tokens) 🎉🥳

🔶 BSC: collected more than $92K (41K 1INCH tokens) 🎉🥳

🦄 1inch successfully reached a new milestone of $60B in total trading volume on the Ethereum network!

🔗 https://duneanalytics.com/1inch

👨‍🎨🎨 And we keep experimenting with the design and music in posts, btw.

😈 The Ethereum London hard fork is getting closer and closer…

👁 As transparency has always come first for 1inch, it is essential to share with you that the upcoming ETH upgrade will make some of the network's tokens obsolete.

➡️ More info: https://blog.1inch.io/ethereums-london-hard-fork-will-make-some-tokens-useless-4c7e47e84cfd

‼️ Among those assets affected by the hard fork, will be Ethereum's gas token GST2 and its improved version developed by the 1inch team – CHI.

💡 The London hard fork will do away with the current system, under which gas tokens were used to incentivize users to remove data from the network, which they no longer needed.

✅ The 1inch Network has always been focused on enabling users to save on gas costs. Even though CHI will no longer be useful, there are other initiatives, such as the recently announced 💰 gas refund program 🦄

✨🎰 The 1inch Network x Project Galaxy NFT Raffle is over!

🤩 Here are the 5 lucky winners:

1️⃣ dnvrz
2️⃣ BeingCOIN
3️⃣ Elmasdura
4️⃣ grana_garcia
5️⃣ CAJAlBA

⚠️ All winners should have already received DMs from our official Twitter account with further instructions. 🦄👊 Please, be aware of scammers!

🌐 You may also check out this campaign on the Project Galaxy's website.

🧐 As all of you know, the first grant of $100k in 1INCH under the 1inch Grant Program has been issued to the DeNet team for the development of a decentralized storage protocol.

🌐 Check out our new blog post to learn more about DeNet and its plans.

📣 1inch governance rewards weekly update 📣

🔷 ETH: collected more than $194K (81K 1INCH tokens) 🎉🥳

🔶 BSC: collected more than $128K (53K 1INCH tokens) 🎉🥳

🚨 Attention! The London hard fork activated EIP-1559, which dramatically changed the Ethereum gas fee model.

As a result, the 1inch Foundation decided to adjust gas refund requirements.

🔗 Original post: https://t.iss.one/OneInchNetworkChan/905

‼️ Only the base fee amount is subject to refund.

Because of the previous gas price requirement to be less or equal to the fast gas price, the fast gas price is not a restriction anymore.

✅ Staking requirements remain unchanged.

📣 1inch governance rewards weekly update 📣

🔷 ETH: collected more than $424K (143K 1INCH tokens) 🎉🥳

🔶 BSC: collected more than $118K (40K 1INCH tokens) 🎉🥳

Nothing to see here. 👊🦄 Just keep hitting one milestone after another!

🔥 $65B in total trading volume in the Ethereum network 🔥

🔗 https://dune.xyz/1inch

📻 Tune in to a positive wave as the 1inch Network expands to Optimistic Ethereum (OΞ)!

➡️ Read more ⬅️

⏱ At the initial stage, OΞ’s throughput will be limited to 0.6 transactions per second.

🚄 However, transactions on Optimistic are set to become faster as the project's team tests and optimizes its infrastructure.

🦄 1inch users can already start migrating assets to the Optimistic network through the Optimism Gateway (https://gateway.optimism.io/welcome).

⚙️ OΞ is compatible with a range of most popular wallets, including MetaMask and WalletConnect, as well as with Etherscan and TheGraph.

🚀 Deposits from the Ethereum network to the Optimistic mainnet will be instant. ⚠️ But withdrawals from OΞ to Ethereum will take 7 days until a fast withdrawal service is launched.

✅ Meanwhile, moving forward the Optimism team has plans for further improvements, such as 🌐 extra scaling, 🧠 smart wallet EOAs enabling paying for gas in any token and decentralization of the transaction sequencing operation.

📣 1inch governance rewards weekly update 📣

🔷 ETH: collected more than $307K (85K 1INCH tokens) 🎉🥳

🔶 BSC: collected more than $54K (15K 1INCH tokens) 🎉🥳

‼️🔥 We have just hit 600K in total user count 🔥‼️

That’s another step towards 1M, baby 😏

🙏 God bless 1inch Community!

🔗 https://dune.xyz/1inch

📣 1inch governance rewards weekly update 📣

🔷 ETH: collected more than $156K (52K 1INCH tokens) 🎉🥳

🔶 BSC: collected more than $41K (14K 1INCH tokens) 🎉🥳

🏆 The legendary 1.5.0 update for 1inch DeFi Wallet is out now 🏆

✅ We’ve finally added the highly anticipated staking feature and the EIP-1559 support!

➡️ Download the 1inchWallet for iOS now: https://jn3rg.app.link/MUfuLUsuajb

🌐 Learn more on how to stake 1INCH tokens in the 1inch Wallet here: https://help.1inch.io/en/articles/5509457-how-to-stake-tokens-in-the-1inch-ios-wallet

‼️The staking feature is available only on Ethereum and BSC for now.

🤫 Psst, don’t tell anyone!

🥚 We've also hidden a small easter egg inside: the faster you slide an icon with the StakeLorean, 🤡 the more tokens you will see in the staking field.

🤯 Here comes a new mindblowing integration that’s gonna shake the DeFi world!

💥 We are excited to announce a partnership with BitPay, the world's largest provider of Bitcoin and crypto payment services! 💥

🧐 From now on, BitPay Wallet app users can take advantage of 💸 lucrative rates for crypto swaps offered by 1inch without leaving the 📱 application, making the user experience seamless and adding to the many ways BitPay Wallet holders can live life on crypto.

✅ BitPay users can swap BTC and ETH, purchased using the BitPay Card, Apple Pay or Google Pay, for other crypto assets, benefitting from the 🤑 best rates and fastest transactions via 1inch.

📜 Founded in 2011, BitPay pioneered blockchain payment processing with the mission of transforming how businesses and people send, receive, and store money.

🛡 “DeFi protocols and dApps are becoming popular tools for BitPay’s crypto users and we wanted to offer users a safe, secure way to interact with them,” said BitPay CEO and co-founder Stephen Pair.

🛠🦾 Most recently, BitPay implemented functionality enabling US holders of the BitPay Prepaid Mastercard to add their card to Google Wallet and make payments simply using Google Pay.

💳 With Google Pay, BitPay cardholders can make secure contactless purchases in-app, online, and in-person with Android phones, tablets or watches.

➡️ Details: https://blog.1inch.io/the-1inch-network-partners-with-bitpay-e29165fc415c

🤓 It’s time for some educational content!

⚡️ Check out the latest analytical byline from Sergej Kunz, co-founder of 1inch Network, dedicated to the DEX segment’s recent trends, as well as its major players and their performance.

🌊 Here comes the 1st batch of gas refunds for August!

🔥 155,500 of 1INCH tokens have already been paid out under our gas refund program 🔥

✳️ The program will run until a 10M 1INCH mark is reached.

⚠️ Quick reminder: to be eligible for monthly gas refunds, a 1inch user needs to stake 1INCH for the entire period between their first swap of the month and the day of gas refund distribution.

➡️ More info: https://blog.1inch.io/the-1inch-foundation-compensated-gas-costs-to-1inch-dapp-users-in-august-9a81db444988