Aqua Liquidity Protocol Launches with $10M 1INCH Rewards Campaign
1inch has launched its Aqua liquidity protocol to the public, accompanied by a rewards program. The campaign runs for three months and is delivered through Merkl across over 80 1INCH markets, with BNB Chain as the first co-incentive partner.
The 1inch Foundation contributed 10 million 1INCH tokens, while the 1inch DAO provided 500,000 USDC to fund the incentives. The rewards program aims to drive liquidity and swap activity across supported pairs on Aqua, which is now live on 13 EVM chains, including Ethereum, Arbitrum, Base, BNB Chain, and Robinhood Chain.
Aqua is a self-custodial shared liquidity layer that allows liquidity providers to quote against multiple positions without depositing tokens into pools. This design lets the same balance support several quotes at once, with execution capped by what the wallet actually holds.
1inch co-founder Sergej Kunz said, 'The liquidity provisioning space is broken, but you only see how broken once there's an alternative.' He added that with Aqua, liquidity providers no longer have to accept the inefficient pool structure they've put up with for years.