The 1inch Network unites various decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space.
The initial protocol of the 1inch Network is a DEX aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange, in the shortest time possible.
In order for a user to find the best price for a swap, they need to look at every exchange — DEX aggregators eliminate the need for manually checking, bringing efficiency to swapping on DEXes.
In December 2020, the 1inch Foundation launched the 1INCH governance token, and the 1inch Network began to be governed by a decentralized autonomous organization (DAO).

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