We are thrilled to announce that Enzyme now supports 1inch, an innovative network of protocols that aggregates decentralized exchanges to facilitate the trading of digital assets.
Enzyme users can now leverage the 1inch Aggregation Protocol on both our Ethereum and Polygon deployments to source liquidity and execute trades at the best possible rates.
This integration forms part of a wider strategic decision to enhance Enzyme’s trading capabilities, following the release of an entirely new trading UI in May 2023.
What is 1inch?
1inch sources liquidity from various decentralized exchanges and is capable of splitting a single trade transaction across multiple DEXes to ensure the best rates. Its core component is the 1inch Aggregation Router V5, which performs runtime verification of transaction execution, providing a high level of security for user funds even when interacting with less reliable liquidity sources.
1inch also features Pathfinder, an aggregation information service developed by the 1inch Labs. Within seconds, Pathfinder identifies the best trading paths across multiple markets, factoring in gas costs, and enabling users to save up to 40% on these fees.
Why should you trade with 1inch on Enzyme?
Enzyme, an on-chain asset management system, offers an all-in-one solution for accessing crypto and DeFi. By integrating with the 1inch protocol, Enzyme presents its users with an even more optimised and cost-effective trading experience. When trading with 1inch on Enzyme, users can:
- Secure optimal trade rates by leveraging 1inch’s liquidity sourcing and trade splitting capabilities
- Save significantly on gas fees, thanks to Pathfinder’s efficient trade routing system
- Enjoy full transparency and auditability via Enzyme’s UI
- Seamlessly manage crypto and DeFi assets using Enzyme’s robust suite of risk management and governance tools
How to get started with 1inch on Enzyme
To begin trading with 1inch on Enzyme, follow these steps:
- Connect your wallet on Enzyme’s platform
- Navigate to DeFi Protocols, then select 1inch
- Asset managers can then execute trades based on the available trading pairs
For more detailed information, please visit our documentation here.
Ready to leverage the power of DeFi?
With Enzyme’s v4 Sulu, it’s never been easier for managers to create custom on-chain asset management strategies, access dozens of DeFi d’Apps and trade 250+ digital assets in one simple, trustless, and efficient platform.
At Avantgarde, we help institutional investors, crypto-natives and DAOs get exposure to DeFi investment opportunities.
For business enquiries, please contact: luca@avantgarde.finance
For marketing enquiries, please contact: conor@avantgarde.finance
For support enquiries, please contact: support@avantgarde.finance
