1inch Network announced a major upgrade around its 1inch Swap Engine. The Fusion upgrade aims to deliver cost-efficient, secure and profitable swaps for crypto investors.
The Fusion mode in 1inch Swap Engine allows DeFi investors to place orders with a predecided price and time range without paying network fees. In addition, the upgrade includes network improvements such as updated staking contracts and tokenomics. As a decentralized trading and matching system, the 1inch Swap Engine connects DeFi users and provides liquidity for crypto trades through professional market makers.
Going against the traditional centralized approach, 1inch’s latest upgrade allows investors to perform secure non-custodial swaps, which are executed in a totally permissionless and trustless way. According to the announcement, 1inch offers limitless liquidity and uses a new type of decentralized order-matching approach based on the Dutch auction model, as shown below. The Fusion mode allows users to exchange tokens on various DEXes without paying any network fees. The upgrade also allows users to choose the order execution time as per their unique requirements
