1inch.io

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About 1inch.io:

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1inch Foundation

A non-profit organization that issued the 1INCH token and is dedicated to fostering the 1inch Network and initiatives that benefit the network’s community.

Mission

The mission of the 1inch Foundation is to foster growth and expansion of the 1inch Network and incentivize contributions through grants and other capital deployment vehicles. The 1inch Foundation is focused on the following areas:

Community

Engaging adopters and maximizing the network’s decentralization through growing stake owner numbers and their participation in DAO governance.

Grants

Incentivizing individual developers and teams to build on the 1inch Network’s protocols and contribute to protocol evolution.

Farming programs

Running yield farming programs that have proven to be efficient bootstrapping tools for potential blue chips of the DeFi space, while offering users lucrative pool rewards.

Areas of interest

Network development

Integrations that increase the usage of 1inch Network products and the development of technologies beneficial to the 1inch Network.

Community development

Enabling teams and individuals to strengthen 1inch Network through education, events, and social outlets.

Research & analytics

Research and analytics projects which provide key insight to 1inch Network’s growth, competition, and product/market fit.

Protocols

Aggregation Protocol

The 1inch API v4, Pathfinder, is a cutting-edge discovery and routing algorithm, which offers asset exchanges at the best rates on the market. Pathfinder finds the most efficient paths for a token swap, able to split between different protocols and even different market depths in within one protocol in the shortest possible time.

This API documentation is intended for public use. If you are an enterprise with significant trading volumes please fill in the form so we can assign you a custom API endpoint. The enterprise endpoint will offer significantly better performance across market rates and response times.

Limit Order Protocol

1inch limit order protocol is a set of smart contracts, that can work on any EVM-based blockchains (Ethereum, Binance Smart Chain, Polygon, Arbitrum, Optimism, Gnosis chain, Avalanche). The key features of the protocol are extreme flexibility and high gas efficiency that is achieved by using two different order types – regular Limit Order and RFQ Order.

Smart Contract allows users to place limit orders and RFQ Orders, that later could be filled on-chain. Both types of orders is a data structures created off-chain and signed according to EIP-712.

Spot price aggregators

The 1inch spot price aggregator is a set of smart contracts that extract price data for tokens traded on DEXes from the blockchain. To avoid price manipulations within a transaction, the spot price aggregator should ONLY be used off-chain. DO NOT use it on-chain.

1INCH token

The 1INCH token facilitates multiple tokenomics, serving as a governance token and a utility token.

Multiple tokenomics

The 1INCH token is the governance and utility token of the 1inch Network. The token is applied in different capacities in the two existing protocols and will be used in the tokenomics of all new protocols released by the 1inch Network. 1INCH is a multichain token, currently available on Ethereum and on BNB Chain over a bridge.

Utility

Currently, the main application of 1INCH as a utility token is in the 1inch Liquidity Protocol where it is used as a connector to achieve high-efficiency routing.

Governance

The 1INCH token is used to govern all of the 1inch Network’s current and future protocols. It is utilized in the governance modules of the 1inch Aggregation Protocol and the 1inch Liquidity Protocol.

Multi-chain

The 1INCH token is currently available on Ethereum and BNB Chain. The BSC integration was implemented over a bridge, with no extra token issuance.

1inch DAO

A decentralized organization that governs the network, enabling 1INCH holders to vote for key protocol parameters.

Instant governance

1INCH token feature that enables community members to easily participate, benefit and vote for various protocol settings without lengthy voting periods.

Governance implementation timeline

24 DEC 2020

Phase 1:  1INCH token distribution

During this phase, the 1inch Foundation is distributing its token to community members through various incentivization activities in accordance with a lockup release schedule. The goal of this phase is to create a ground community to implement DAO.

2022

Phase 2:  DAO governance launch

Instant governance: The 1INCH token’s feature enables community members to conveniently vote for various protocol settings.

Early 2023

Phase 3:  Decentralization

The introduction of full-fledged DAO functionality by providing the community direct control over extended governance mechanisms. The end goal of this stage is for the 1inch Network protocols and the 1INCH token to be completely decentralized, owned, and governed by the DAO.

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