📣 1inch Launches Fusion+ for Cross-Chain Swaps
posted 18 Sept 2024
The DEX aggregator 1inch introduced a new feature, Fusion+, enabling cross-chain swaps without the need for centralized intermediaries. The system integrates atomic swap technology, ensuring automatic execution through smart contracts.
The pricing is determined through a Dutch auction model, where Fusion swaps' filling rates decrease over time, influenced by swap volume and user-established presets, which define price and duration limits,the company states.
During a swap, funds are locked in a smart contract until the transaction is completed. In case of any errors or mismatches with the initial conditions, the assets are automatically returned to the owner, reducing the risk of fraud.
The Mechanics of Fusion+. Source: Official 1inch Website.
The developers promise greater liquidity and lower fees. However, the feature is currently in beta testing, and users must enable it manually in the settings. Due to this, some volumes may be unavailable. Fusion+ is expected to be fully integrated into the 1inch Wallet app soon.
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