Feiled liquidity and high user requirements are paid Defi Creators to provide strong, intuitive and safe solutions. like Crossed chain functions And intensification organizational scrutiny, the race to unify digital and traditional financing was not more urgent.
Sergej Kunz, co-founder of 1inch, shares his vision with Beincrypto about the development of Dex assembly, user empowerment, and the following jumps to the company-including Solana and Bitcoin integration.
DEX assembly development and a multi -commodity future
Liquidity is now very fragmented. Not only is it focused on Defi financing or disgraced – it is across different networks like Ethereum and Layer 2s like Base, which is very popular at the present time.
Liquidity is also found on other chains, such as SUI and Solana. If you reduce Defi and look at the broader encryption scene, there is great liquidity in Bitcoin.
While some of these liquidity on the central stock exchanges, a large part is simply kept – without generating any negative income. However, getting Bitcoin negatively is now very possible through Defi.
In recognition of this, we have formed our strategy to expand abroad, starting from within Defi, moving to the wider encryption space, and in the end we reach traditional financing.
Traditional financing includes a wide range of financial products that can be symbolic, which is exactly the direction we turn to.
We combine one series after another. Today, we support the chain barters across 13 chains, and we add another.
1inch approach
So we started with only simple bodies between these different liquidity sources. Users had to create their own transactions and take all risks.
MEV mentioned – the maximum extractable value. This is when someone else can see your treatment, manipulate liquidity gatherings, and extract value from it.
We realized that this has become very well known, and many people have begun to use it to extract value. If you look at my presentation from 2022, you will see that every year, users are lost by users through this attack carrier.
So we reached the idea that providing a new structure can simplify the user experience and the same exchange process.
Why not create a swap flow as users simply express the intention, such as submitting an order, and the protocol that facilitates the order ensures that the best implementation? This led us to the idea of using Dutch auctions, a more technical description of this approach.
Under the cap, it is relatively simple in terms of how it works. It is more complicated for professional actors – such as market makers, conjunction, and merchants – who already settle user deals. But for the user, it is just a simple intention.
Tell the system: I want this – I want ethereum for USDC in the best implementation – the protocol guarantees it. This has greatly changed things. Now we see that the other teams adopt a similar approach, such as UISWAP while presenting it to Uniswapx.
They also mentioned us in the white paper-based melting, which we call the bodies of integration. It improves user experience and enhances safety.
We are invested extensively in security audits. I think 1inch spent about $ 500,000 on security for the latest version of the crossed chain, a large amount.
About 10 security companies participated in the symbol checking. We do all this to make sure that he is very safe and smoothly works for the user.
Curd and Fallets Bed: Card 1inch and real world payments
Like many things, began as a personal need. For example, we presented the crosses of the crossing chain because of my personal need. This is the sincere truth.
But I soon realized that she was not only my need – there were many people looking for a smooth experience. I had a plan to earn a negative income by investing in the distinctive real estate.
In Dubai, you can already find some of the companies that offer this. I use a company from the United States with 20 years on the market. They started to repeat real estate about five years ago.
I receive negative income payments every week at USDC, and I want to spend them. For example, I want to buy coffee with her, but it’s not so easy. You often need to deposit money in Coinbase, then spend it in euros, US dollars or Dirhams.
So we thought-why don’t you participate with someone who already offers encryption cards as a white brand?
In this way, we can cooperate with banks and coverage areas such as the European Union and the United Kingdom. I think the United States will follow it soon, and we are also looking for partners in the Emirates and other regions.
In 1inch, we are also active in artificial intelligence. We are currently developing a new assembly product-something that may be launched even under the sub-brand that focuses heavily on artificial intelligence.
Big ads on the horizon – what we see now is just the beginning.
Organizational adoption, security tools, and the preservation of decentralization
In 1inch, we put priority for user security and safety. For this reason, we performed extensive security audits from the beginning.
We also work with partners security companies that support us in this effort. In addition, we have built a product that we provide for integration and partners to help prevent fraud and fraud.
It allows us to discover the connected wallet and whether there is a transfer of assets to a specific address.
We can determine whether the wallet is linked to infiltrators or fraudsters, especially if a mark is placed or tracked.
For example, security companies such as TRM LABS can determine whether the wallet belongs to a harmful actor – it is likely that one of the infiltrators, an individual attached, or even a person associated with North Korea.
We take this responsibility seriously. We have built API and our software service on this, and it is combined into a 1inch portfolio-a non-confrontation portfolio-as well as on our DAPP and Swap interface.
Dow governance and building society’s confidence
DaOS is still somewhat experimental. However, many projects – such as a curve, makerdao, compound, and even chainlink – may be strong societies.
Of course, there are some challenges. Many people participate, but not all experts. However, the DAO model is developing.
Now we see that DAOS begins with the employment of professional companies specialized in assisting asset management, processing grants, and dealing with proposals – whether to change protocol settings or to improve the comprehensive DAO strategy. Things improve.
Personally, I would like to see more people actively participate in Daos so that we can continue to build and innovate.
For 1 inches, DAO provides grants to support the 1nch-for-network development-financing projects that contribute to the growth of the network or supporters who want to work full-time on the ecosystem.
Some receive annual grants to develop specific products or sub -project.
Solana integration and the path to cross liquidity
We are excited to announce Solana integration– This is one piece of much larger puzzle and an important step forward for us.
By adding another chain, we continue to improve the user experience, allowing users to focus less on the network they use and more on the assets they want to exchange. The goal is to operate smoothly overlapping over networks.
We are planning to integrate more Blockchains, including Bitcoin, SUI, APTOS and others currently heading or is actively traded in central stock exchanges. Whether they are bitcoin -like coins or newer protocols such as SUI and Aptos, we aim to support the largest possible number of assets.
Our vision is to unify liquidity across chains and provide a truly smooth experience for users.
Expanding Road Map: Bitcoin Merge and More Chains
Bitcoin is the next. There is a huge amount of bitcoin there – it represents the largest liquidity group in the entire encryption space. For this reason we plan to integrate Bitcoin into smooth bodies.
Users will be able to buy the real Bitcoin and receive the real Bitcoin, without the need to deliver their money to a third party and I simply hope to get BTC in return.
It will be an unreliable program from counterpart to counterpart with no one point of failure. The smart nodes will do exactly what it is designed to do.
After Bitcoin, we will focus on the integration of high -performance Blockchains like SUI, Aptos and more.
Disintegration
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