1inch's Shared Liquidity Layer Aqua Goes Live

1inch has opened Aqua, its shared DeFi liquidity layer, to each users, 8 months aft releasing it to developers only. "he protocol went unrecorded connected Tuesday crossed 13 EVM chains, among them Ethereum, Arbitrum, Base, BNB Chain and Robinhood Chain. A beforehand extremity had primitively been slated for the archetypal quarter.

Billed arsenic "the instauration for scalable, capital-efficient DeFi," Aqua works arsenic a registry alternatively than a pool. A supplier approves a token equilibrium and creates positions that gully connected it. Tokens are ne'er deposited into a contract; erstwhile a swap matches a position's terms, the protocol pulls them and returns proceeds and fees atomically. Approvals are acceptable per token and per chain, and tin beryllium revoked.

Every swap connected Aqua is executed by a "verified counterparty," which 1inch defines arsenic "a marketplace shaper oregon arbitrage bot that has been verified," with the cheque "enforced on-chain astatine swap time." 1inch calls it the archetypal risk-controlled liquidity venue and portion of a displacement toward "risk-controlled and regulated DeFi." When Aqua reached developers successful November, the institution said anyone could interact with a presumption to execute a swap.

1inch Gives Developers Early Access to New Shared Liquidity Protocol Aqua

It besides says each position's azygous proprietor makes just-in-time interest skimming impossible, putting the outgo of specified attacks astatine up to 44% of supplier interest income.

1inch offers the illustration of a $100,000 equilibrium supporting 3 positions that collectively punctuation $300,000. Nothing is borrowed, and a swap tin lone execute against tokens really successful the wallet, truthful vulnerability is capped by holdings alternatively than by the positions' combined size.

The 1inch Foundation has committed 10 cardinal 1INCH successful supplier rewards for the launch, with a further 500,000 USDC from the 1inch DAO, distributed done Merkl.

Aqua has been done 8 autarkic audits, by firms including OpenZeppelin, Nethermind, Hexens and Bailsec. 1inch added the caveat that the merchandise is built for "experienced users," noting that fees are not guaranteed, prices tin determination against a position, and providers transportation marketplace and astute declaration risk.

At the clip of its aboriginal entree launch, a spokesperson for 1inch claimed that Aqua has the imaginable to "transform however superior and output strategies run successful DeFi," providing deeper liquidity crossed the manufacture and reducing fragmentation.