Decentralized wallet platform Wirex has partnered with 1inch Network to use the platform's aggregator API to provide a liquidity aggregator for token swaps. Through this partnership, Wirex wallet users can now swap tokens in the wallet.
1/ #1inch makes another significant step towards mass adoption!— 1inch Network (@1inch) August 2, 2022
We're excited to announce an integration with @wirexapp, the #fiat/#crypto payment platform.
IN YOUR FACE #BEARMARKET!
More info ️https://t.co/PQOAogHq9a
By using an algorithm to find swap routes, 1inch will allow Wirex users to find the optimal deal rate for their trades. 1inch co-founder Sergej KunzKunz notes the partnership is also a move that allows 1inch to pursue a journey of mass adoption for its solutions.
Besides, Pavel Matveev, co-founder of Wirex also said that the 1-inch integration is a way for Wirex to open the gate for users to access the world. DeFi wide. Matveev believes that with the functionality available in the wallet, users will be able to save time and costs when swapping their assets.
$1INCH was added as collateral to an open source and non-custodial liquidity protocol @AaveAave!— 1inch Network (@1inch) August 1, 2022
🙌 It means that you can now borrow and lend $1INCH token through #Aave'S #dApp.
Huge congrats to all #1inchcommunity participants and, of course, 🙏 thank you for your support! pic.twitter.com/tHrazPHr0Z
However, this week can be considered an "exciting" week with space DeFi when projects in this field constantly have new development updates in addition to many other notable incidents. On August 2nd, Nomad . cross-chain bridge experienced a severe attack, with a loss of more than 176 million USD, many other prominent platforms such as Moonbeam, Connext and Evmos were all affected by this incident.
Not stopping there, just 5 days after the project yield farming Nirvana Finance (ANA) on Solana bag hack, then on the morning of August 3, the main Solana encountered a large-scale security incident, making the community extremely confused. Development team Solana It is still in the process of finding out the cause and has not taken any specific action.
Meanwhile, Waves - the platform that caused many "storms" for the market by stablecoins USDN was de-peg to 0.78 USD before “catastrophe” LUNA/UST happens, is related to the drama with the fund Alameda Research, revived Vires.Finance and compensated users with $500 million.