FUNDAMENTAL ANALYSIS – What is 1inch Network (1INCH) and how to invest in?

What is 1inch Network (1INCH)

The 1inch Network is a DEX aggregator protocol across multiple chains, which includes Ethereum, BSC, Polygon, Optimism, and Arbitrum.

1INCH is the protocol’s native ERC-20 utility and governance token. The current use cases for 1INCH includes:

• Liquidity mining : Users can contribute to the liquidity pools to earn liquidity mining rewards and a share of the 1inch DEX transaction fees.
• Staking : Users can stake tokens on 1inch’s farming program pools, in return receive staking rewards in 1INCH or other tokens.
• Governance : 1INCH holders are able to participate in the governance of the 1inch DAO and collect governance rewards.

The project consists of the following major components working in conjunction :

• 1inch Aggregation Protocol : Facilitates cost-efficient and secure swap transactions across multiple liquidity sources while offering users competitive rates. This protocol incorporates the pathfinder algorithm, which finds the best paths among different markets on Ethereum, BSC, Polygon, Optimism, and Arbitrum.
• 1inch Liquidity Protocol : Next-generation AMM that protects users from front-running attacks and offers attractive opportunities to liquidity providers.
• 1inch Limit Order Protocol : Facilitates flexible limit order swap functionalities in DeFi. The protocol features include dynamic pricing, conditional orders, power various implementations, including stop-loss and trailing stop orders, as well as auctions.

How to invest in?