1inch Unveils Fusion+ Upgrade Enabling Decentralized Cross-Chain Swaps
Enhance Your Swapping Experience with Fusion+
1inch is excited to introduce Fusion+, a groundbreaking upgrade that transforms how users perform cross-chain swaps. This upgrade allows for secure, decentralized transactions while maintaining self-custody of assets. Fusion+ leverages liquidity across the entire Web3 ecosystem, ensuring users receive the best possible rates.
Benefits of Fusion+
- Stable Transactions: Fusion+ secures swaps through innovative atomic swap technology, providing all-or-nothing transaction assurance.
- Decentralized Solutions: Users can engage in swaps without relying on centralized services, promoting a trustless environment.
- Market Adaptability: The system utilizes a Dutch auction model to ensure optimal pricing based on market conditions.
System Mechanics
For instance, consider a user wanting to swap POL tokens on Polygon for ETH on Ethereum. The process involves:
- Initiation: The user enters their swap details, and a Dutch auction begins.
- Secured Transactions: Funds are locked in escrow using cryptographic technology to ensure protection during swaps.
- Completion: Contracts finalize upon successful unlocking of assets, ensuring user safety.
Currently in beta, Fusion+ cross-chain swaps can be activated within the 1inch settings, bringing a new standard to decentralized finance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.