1Inch Unifies DeFi Liquidity Across Multiple Chains with New Protocol Aqua
Decentralized exchange aggregator 1Inch has launched Aqua, a protocol that unifies DeFi liquidity across multiple chains. The goal is to make liquidity more widely available without having it tied to any particular protocol. Liquidity providers can authorize various strategies against one wallet inventory, with assets remaining in the wallet until a trade settles.
Aqua has been deployed on 13 blockchains, including Ethereum and BNB Chain. It offers an integrated package consisting of a generalized on-chain registry, wallet-backed automated market making strategies, atomic settlement, and consumer-facing position management.
Users can advertise their liquidity across multiple protocols, increasing the potential utilization of their capital. However, assets can only be involved in one operation at a time, preventing overbooking.
1Inch will allocate $500,000 in USD Coin (USDC) and 10 million 1INCH tokens to incentives for Aqua adoption. The initiative aims to accelerate liquidity growth and swap activity across supported pairs.