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Home » 1inch Unveils Cross-Chain Swap Feature

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1inch Unveils Cross-Chain Swap Feature

Jesutofunmi Adeboye
Last updated: 9 months ago
By Jesutofunmi Adeboye
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1inch has introduced a cross-chain swap feature called “Fusion+,” enabling users to trade assets while maintaining self-custody.

1inch Unveils Cross-Chain Swap Feature
1inch Unveils Cross-Chain Swap Feature

A new feature that lets users trade their digital assets cross-chain while keeping self-custody of the assets was unveiled by Decentralized Exchange (DEX) 1inch.

To deliver swaps, the “Fusion+” functionality combines offchain and onchain liquidity. According to the DEX, there is inherent defense against maximal extractable value (MEV) attacks in this feature.

According to 1inch, the feature is enabled by atomic swap technology, which is intended to facilitate “all-or-nothing” transactions. All money is sent back to the sender in the event that a swap fails.

Smart contracts oversee the swaps as well, confirming each and every swap condition. This indicates that the transfers are trustless and don’t require consent from outside parties.

TAGGED:Fusion+
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