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3 results for "1inch"

1inch

The 1inch liquidity protocol is an automated market maker (AMM) that is designed to increase liquidity and make use of virtual balances in order to decrease impermanent loss. Users can benefit from providing tokens as liquidity on the 1inch platform through a process that’s called “liquidity mining” — whereby traders provide assets like ether (ETH) to a specific pool, lock it in, and earn 1INCH, the native token of the 1inch platform, as interest. This model is similar to native exchange tokens like Uniswap’s UNI, and incentivizes community-based liquidity provision.

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