1inch network service screen.

[DigitalToday reporter Chi-gyu Hwang] 1inch has launched Aqua, a protocol that allows users to tap DeFi liquidity across 13 blockchains.

According to a recent Cointelegraph report, Aqua is designed so liquidity providers can apply strategies to multiple protocols simultaneously based on a single wallet balance, without depositing assets into a specific pool.

Assets remain in the wallet until a trade is executed and are used only at settlement. This allows liquidity to be used more broadly without being tied to a specific protocol. Aqua has been deployed on 13 blockchains including Ethereum, Arbitrum, Base, Robinhood Chain and BNB Chain.

The Aqua protocol includes a universal on-chain registry, wallet-based automated market-making strategies, atomic settlement and position management features for users. It allows the same assets to be offered to multiple markets at the same time, but the volume of trades that can actually be processed simultaneously cannot exceed the wallet balance.

For example, a user with $10,000 in liquidity can offer $10,000 each to 3 protocols, for a total of $30,000. Trades that can be executed simultaneously with those funds are capped at $10,000.

Aqua does not support all protocols. Only resolvers with access credentials issued by 1inch can use it.

Keyword

#1inch #Aqua #Ethereum #Arbitrum #BNB Chain
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