1inch Welcomes Lumia to its Liquidity Ecosystem
Multichain liquidity aggregator 1inch has expanded its liquidity network by integrating Lumia, a move aimed at enriching on-chain liquidity and optimizing pricing for users. The integration, announced on March 18, marks a significant step forward for 1inch in broadening its liquidity offerings.
Lumia: A Gateway to Centralized Exchange Liquidity
Lumia is here.
Introducing Lumia: the liquidity layer of Web3, designed to redefine the entry point of DeFi – connecting L1’s and L2’s with boundless liquidity from CEXs and DEXs.
A thread 🧵👇
👉 https://t.co/B8hYtP5eYn#ORN pic.twitter.com/ywKw5RLF2U
— Lumia (@BuildOnLumia) February 26, 2024
Lumia’s integration with 1inch brings centralized exchange liquidity from platforms like Binance, OKX, and KuCoin to the decentralized realm. This extension of liquidity bridges the gap between centralized and decentralized finance, promising users access to competitive pricing on DeFi platforms.
Empowering DeFi Users with Enhanced Liquidity Solutions
Sergej Kunz, co-founder of 1inch, expressed enthusiasm about welcoming Lumia as a new liquidity source, emphasizing 1inch’s commitment to offering comprehensive liquidity solutions across the crypto market. Lumia’s liquidity solution operates through a request for quote (RFQ) process, enabling seamless token purchases for users.
Expanding Integration and Enhancing Functionality
The integration between Lumia and 1inch will further evolve with the incorporation of 1inch Fusion, the gasless solution developed by 1inch. Lumia’s role as a Resolver in 1inch Fusion orders will streamline transaction processing, ensuring efficient and cost-effective swaps for users.
Moving Forward with Lumia: A Decentralized Liquidity Solution
The integration with Lumia aligns with 1inch’s mission to democratize access to liquidity and optimize user experience within the DeFi landscape. As the partnership evolves, users can expect enhanced liquidity access and improved pricing mechanisms, driving greater adoption and utilization of decentralized finance platforms. Disclaimer:The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Read the full article here
