1inch Unveils Aqua, Multi-Chain DeFi Protocol for Unified Liquidity
1inch has launched Aqua, a decentralized finance (DeFi) protocol that unifies liquidity across multiple blockchains and protocols without requiring liquidity providers to deposit funds into a single pool.
Aqua allows LPs to authorize multiple strategies from a single wallet inventory, keeping the assets in that wallet until an executed swap settles. This approach prevents true capital multiplication and ensures that assets can only be used in one operation at a time, limiting effective over-allocation even if liquidity is 'advertised' broadly.
The protocol has been deployed across 13 blockchains, including Ethereum, Arbitrum, Base, Robinhood Chain, and BNB Chain. A tokenholder vote is underway to allocate 500,000 USDC and 10 million 1INCH tokens as incentives for adopting Aqua, which aims to accelerate liquidity growth and swap activity across supported pairs.
According to 1inch's announcement, Aqua combines a generalized onchain registry, wallet-backed automated market making (AMM) strategies, atomic settlement, and consumer-facing position management. This integration allows LPs to make liquidity available across a broader set of supported markets, potentially improving access for traders searching for swaps on different venues.