About 1inch (1INCH)
What Is 1inch (1INCH)?
1inch is a DeFi ecosystem best known for aggregating liquidity and routing swaps across decentralized exchanges. Its products include swaps, cross-chain execution, a wallet, portfolio tools, and developer APIs. 1INCH is the ecosystem's governance and utility token.
How Does 1inch Work and What Is 1INCH Used For?
The routing system can split an order across liquidity sources to improve execution. Intent-based modes use resolvers to fill user orders. The 1INCH token supports governance and staking-related participation in network systems. The original maximum supply is 1.5 billion 1INCH. Token ownership does not by itself guarantee protocol revenue.
1inch Security, Control and Risks
Risks include smart-contract bugs, malicious tokens, resolver or liquidity dependence, price impact, approvals, cross-chain execution failures, and governance concentration. Users should review the actual route, minimum received amount, and token contract.
Frequently Asked Questions About 1inch
Is 1inch a centralized exchange?
No. Its core swap tools interact with onchain liquidity.
Does 1inch hold user funds?
Normal swaps are non-custodial, but users still approve smart contracts.
What is 1INCH used for?
Governance and ecosystem staking or delegation functions.
Sources and Verification
Official sources
- 1inch Active
- 1inch developer portal Redirected