New updates have been reported about 1inch (PC:ONCHH)
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1inch, a prominent player in the decentralized finance (DeFi) space, has announced the developer release of Aqua, a groundbreaking liquidity layer designed to enhance capital efficiency and yield strategies in DeFi. This innovative solution allows multiple strategies to access a user’s balance simultaneously, without the need for funds to be locked in smart contracts. By transforming each wallet into a self-custodial automated market maker (AMM), Aqua enables the same capital to power various strategies concurrently, thus addressing the issue of liquidity fragmentation and maximizing capital utility.
The developer release of Aqua is now accessible to Web3 developers on GitHub, inviting them to experiment, integrate, and innovate with this new technology. Developers can create their own products on Aqua, test its performance, and contribute to its evolution. To incentivize contributions, 1inch has launched a bounty program aimed at optimizing the Aqua protocols. Co-founders Anton Bukov and Sergej Kunz emphasize Aqua’s potential to revolutionize DeFi by providing scalable, capital-efficient solutions. This initiative marks a significant step for 1inch, as it continues to empower users with tools to manage and optimize liquidity on their own terms, reinforcing its position as a leader in the DeFi ecosystem.