The 1inch API continues to expand in the DeFi space, “now strengthening the swapping functionality of the KuCoin Wallet, focused on opening the gateway to Web3 world to its users.”
As noted in an update shared with CI, the 1inch Network confirmed that the 1inch API has been integrated into the KuCoin Wallet “to launch its native swap feature.” The algorithm will “enable users to swap tokens on multiple blockchains at the best possible rates.”
As a DeFi product of the KuCoin cryptocurrency exchange, the KuCoin Wallet “made a huge move in increasing its functionality by partnering with the 1inch Network which leading-edge Pathfinder algorithm helps to introduce native swapping at a high level.”
It instantly “provides the most attractive rates based on aggregation of over 250 liquidity sources, which include both AMMs and PMMs.” The best path is “guaranteed by the automatically swap split between protocols, as long as it makes the exchange favorable.”
The algorithm can even “engage different market depths within the same protocol when splitting.”
KuCoin Wallet users will now “appreciate the new swapping experience,” which includes:
- best possible swap rates;
- access to numerous liquidity sources running on nine most popular networks;
- a great number of tradable asset pairs;
- high-level security provided by multiple trustworthy audit teams;
- benefits from less slippage and lower gas commissions.
In addition to the impressive array of liquidity sources, attractive swap rates and one of the shortest response time, KuCoin Wallet users “will also get access to the 1inch Limit Order Protocol functionality.”
This type of order is “filled at a predetermined price once it is reached. It features gasless limit orders for ETH, RFQ and support of tokens requiring just permits rather than transaction approval.”
KuCoin Wallet Jeff Haul said:
“Swap is a high-frequency feature of the wallet and 1inch is one of the most popular DEXes in the Web3 industry, so we work together through native integration to provide a smooth and cost-effective trading experience for our users.”
KuCoin Wallet takes one step further in “offering the KuCoin ecosystem users innovative products and embracing Web 3.0.”
Designed for easy DeFi trading, it strives “to provide customers with all the benefits of the 1inch API-based advanced trading right away.”
He adds:
“The integration of the 1inch API sets a strong start to the wallet”, says the 1inch Network co-founder Sergej Kunz. “The idea of building a collaborative future in Web3 is beautiful, especially when there’s an opportunity to provide a multi-functional and ready-to-use tool, guaranteeing customers´ full DeFi trading immersion.”
