1inch will make an announcement on August 19.
Information about 1INCH
1inch is a decentralized exchange (DEX) aggregator that enables users to view and exchange tokens at the best available rates across various DEX.
The 1inch protocol uses a unique algorithm that processes and optimizes thousands of transactions in real-time, allowing users to save on fees and get the best possible exchange rates.
Pathfinder is a discovery and routing algorithm developed by the 1inch team. It is the algorithm that the backend uses to find the most efficient route for token exchange. For example, if a user wants to sell ETH for WBTC, Pathfinder will analyze all decentralized exchanges (DEX) such as Uniswap, Curve, Balancer, DODO, Sushiswap, and others. The result will be a recommended route that optimizes fees and liquidity to provide users with the best price. As a result, users no longer need to check each service individually.
1INCH is the native token of the platform, which is used for voting within DAO governance and providing liquidity.