🏎🏁 The very first 1inch DeFi Racer tournament has come to an end!

Congrats to the most dedicated players who made the TOP-100 🎉

🏆 You may check out the full leaderboard here: https://racing-game.1inch.io/leaderboard/

🎁 All winners will receive their prizes with the January gas refund distribution, which will follow December's.

▶️ More info: https://blog.1inch.io/the-1inch-foundation-will-distribute-10-mln-1inch-to-the-defi-community-as-gas-cost-refunds-2dd35a6a084f

‼️ Please, note that each tournament's results will be thoroughly inspected, which means that the current list of winners isn’t final and might change dramatically with time.

🚨 We’ve also made a decision to change the rules for the second tournament. From now on, the players will compete for the largest amount of coins farmed per one lap.

⚠️ Btw, The DeFi Racer Tournament #2 has already started. Don’t miss your chance!

🖖 Hey 1inchers! 🎊 2021 was immensely successful for us as we hit a huge amount of substantial milestones.

📊 Now that we’ve entered 2022, let’s have a look at where the crypto space stands, what 1inch achieved, what lies ahead for us and what we hope for in the New Year.

🚀 Truly, last year was a turning point for the industry as it expanded massively, reaching out to millions of new users.

👀 We saw immense growth in L2s, NFTs, GameFi and DAOs, while the crypto space’s value hit over $2T and the likes of Ethereum and Bitcoin hit ATHs.

🦄👊 1inch expanded to 4 new networks and integrated more than 120 decentralized exchange protocols, opening access to the biggest liquidity in DeFi, with more than $55B+ available.

🏆 That led us to hitting $134B in volume and 1M in the number of wallets that interact with our contract on Ethereum, 430K on BSC and 200k+ users in Polygon and an almost 60 percent share of the aggregation segment.

👥 Plus, over 800k community members and followers!

🥳 Moreover, in 2021, we released the 1inch Wallet, introduced DAO governance and treasury, launched the 1inch Limit Order Protocol and the Aggregation Protocol v3 & v4 and, finally, closed our 💸 Series B round.

🤝 We participated in more than 50 events, did more than 45 talks and workshops, providing our knowledge, expertise and funding to the community under the 1inch Foundation Grant program. A total of 11 projects obtained grants last year.

Apply here: https://airtable.com/shr899d3K9Bw963CP

💸 Our $10M $1INCH gas refund program gained momentum, with refunds amounting to ~25% of all 1inch transactions distributed to users to date as refunds

🙏 We want to thank everyone who supported us and participated in this marvelous ride and encourage the brightest minds to join over 80 core contributors who are working on the best product in DeFi and crypto.

▶️ Join here: https://www.notion.so/1inch/Job-Board-cc59aec7d2064921b4e094e5476dd4d4

🌊 Welcome the December batch of gas refunds!

🔥 1,287,579 of 1INCH tokens have already been paid out under our gas refund program 🔥

‼️ The program will run until a 10M 1INCH mark is reached.

⚠️ Quick reminder: to be eligible for monthly gas refunds, a 1inch user needs to stake 1INCH for the entire period between their first swap of the month and the day of gas refund distribution.

🏎🏁 The second 1inch DeFi Racer tournament is over!

🏆 You may check out the final leaderboard here: https://racing-game.1inch.io/leaderboard/

🎁 Once again, all winners will receive their prizes with the January gas refund, which will be distributed in February.

▶️ More info: https://blog.1inch.io/the-1inch-foundation-will-distribute-10-mln-1inch-to-the-defi-community-as-gas-cost-refunds-2dd35a6a084f

‼️ Quick reminder: each tournament's results will be thoroughly inspected, which means that the current list of winners isn’t final and might change dramatically with time.

😉 This is not the last tournament announcement, so stay tuned!

📣 ETH burned weekly update 📣

🦄🔥 1inch still takes 8th place in the TOP-10 of the ETH Burn Leaderboard!

🔷 Ether burned over the last 7 days - $3.9M (1144,89 in ETH)

🔷 Ether burned in total - $81.6M (20.7K in ETH)

🧐 Are you aware that the 1inch APIs' potential is much higher than you think?

⚙️ In this article, we’ll explain the advantages that you can get from integrating the 1inch Aggregation API and 1inch Limit Order API into your project.

🦄✨ Another fantastic milestone has just been achieved.

🥳 120B in total trading volume on the Ethereum Network!

🔗 https://dune.xyz/1inch

📣 ETH burned weekly update 📣

🦄🔥 1inch still takes 8th place in the TOP-10 of the ETH Burn Leaderboard!

🔷 Ether burned over the last 7 days - $4.2M (1303,25 in ETH)

🔷 Ether burned in total - $85.9M (22.1K in ETH)

🙌 We’ve got some great news for those of you who are into deep analysis and research.

🦄📑 1inch is launching a documentation portal with highly detailed denoscriptions of our protocols and all important links gathered in one place!

➡️ Learn more: https://docs.1inch.io/

✅ Oh, btw, we also created a separate section about our Governance with pages dedicated to Proposal Lifecycle, Voting Process, Instant Governance etc.

🌐 Hope you will also find it useful: https://docs.1inch.io/docs/governance/overview

👀 In life, we often have to choose between two options both of which may seem important to us.

But what if we could go for both options at once? 😏Sounds fantastic, doesn't it?

😈 Well, nothing is impossible for 1inch...

🎊 Here comes a massive double announcement: the 1inch Network expands to two fast-growing chains offering our users more options for low-costs, high-speed transactions.

✨ Behold, Avalanche & Gnosis in the flesh!

🔺 Avalanche is a popular cross-chain network that has recently shown quite remarkable growth.

📝 According to Defi Llama, Avalanche’s TVL stood at $10.6B in mid-January 2022.

⛰ Avalanche saw an average daily transaction number of 673K in Dec. 2021, with 98K daily active addresses. The most used dApp currently is Trader Joe with an average daily volume of $223M.

✅ A list of protocols immediately available via 1inch on Avalanche: 1inch LOP v2, Aave v2, Baguette, Canary Exchange, Curve v1 / Curve v2, Elk Finance, KyberSwap, Lydia Finance, OliveCash, Pangolin, SushiSwap, Trader Joe, YetiSwap, WAVAX.

🦉 Gnosis Chain, formerly known as xDai Chain, had a TVL of $208.2M in mid-January 2022, according to DeFi Llama. 🏆 In December 2021, the chain on average ran 223,814 daily transactions and had 11,318 active daily wallets, according to Dune Analytics.

🦾 The largest DEX on Gnosis Chain is Curve v1, with an average weekly volume of $1.7M.

📋 A list of protocols immediately available on Gnosis Chain via 1inch: 1inch LOP v2, Curve v1, Elk Finance, Honeyswap, Levinswap, SushiSwap, Swapr, Symmetric, wxDai.

▶️ Read more: https://blog.1inch.io/the-1inch-network-expands-to-avalanche-and-gnosis-chain-67875fdbf73c

🦄🚀 We’ve just reached 5M swaps on the Ethereum Network!

This wouldn’t be possible without you, guys ❤️

🔗 https://dune.xyz/1inch

📣 ETH burned weekly update 📣

🦄🔥 1inch now takes 9th place in the TOP-10 of the ETH Burn Leaderboard!

🔷 Ether burned over the last 7 days - $4M (1450,03 in ETH)

🔷 Ether burned in total - $90M (23.5K in ETH)

🦄👥 Here comes a new exciting proposal from the 1inch Community!

💡 1IP-05: Add Derivative Aggregation to 1inch Network is in the temperature check phase with a high likelihood of going to the final voting phase.

➡️ Read and discuss the proposal here:
https://gov.1inch.io/t/1ip-05-add-derivative-aggregation-to-1inch-network/2828

‼️ If you want to participate in the final vote, make sure to stake your 1INCH in the governance contract by Friday, January 28th: https://app.1inch.io/#/1/dao/governance

📢 Join the 1inch Network DAO Community Call #01 on Discord!

⏲ We’re starting in 20 minutes!! ⏲

😘 How could you miss out on an insightful discussion?!

🔥 POAP drop for all attendees!

▶️ An invite link to the Call: https://discord.gg/qPEzMwsm?event=935881280485208064

📝 Agenda:
- [1IP-05] Add Derivative Aggregation to 1inch Network
- Multi-asset transaction routing
- Governance tools
- How to expand gover

🦄🎊 1inch has surpassed $130B in total trading volume on the Ethereum Network!

🔥 New week, new milestone 🔥

🔗 https://dune.xyz/1inch

📣 ETH burned weekly update 📣

🦄🔥 1inch still takes 9th place in the TOP-10 of the ETH Burn Leaderboard!

🔷 Ether burned over the last 7 days - $2.5M (1034,97 in ETH)

🔷 Ether burned in total - $92.5M (24.6K in ETH)

🦄👥 Wanna discuss the most recent updates and news or simply post some memes about 1inch?

▶️ Join our growing community on Reddit: https://www.reddit.com/r/1inch/

📢 Calling upon all brave liquidity providers 📢

💸 We’re excited to release 1inch Earn, a new investment product offering attractive APYs.

🦄⛏ So grab your pickaxes and prepare to go down to a dungeon of extra earnings!

💡 The concept of 1inch Earn – previously referred to as Trading Strategies – was for the first time introduced in the 1inch Network Treasury proposal in September 2021.

🤔 So what is it actually?

🌊 Basically, 1inch Earn is a set of liquidity pools operating on a model similar to UniswapV3 range orders and optimized for stablecoins. 💵 Earnings come from fees on swap trades in the pool.

⏱ At the time of launch users’ earnings from 1inch Earn are estimated to be in the range of 5-10% APY and, in future, profitability will depend on market conditions.

🔁 Swaps in the pool will be done by arbitrage traders, algorithmic trade bots and individual 1inch users.

🧠 The idea behind 1inch Earn is the more efficient use of capital in AMM-based pools.

💧 In a standard pool, all liquidity is distributed equally along the entire price range between zero and infinity. As a result, most of the liquidity is never used.

💰 So, 1inch Earn enables liquidity providers to concentrate their assets to smaller price intervals than between 0 and infinity.

✅ This enables traders to get deeper mid-price liquidity for swaps, and liquidity providers earn more fees.

➕ 1inch Earn uses slight movements in stables' prices to facilitate extra swaps and, consequently, bring additional earnings for liquidity providers.

🚀 At this point, the first pool has been launched on the Ethereum network, featuring the USDC/USDT pair.

🦾 In future, more pools will be added, including those featuring tokens other than stables.

➡️ Learn more: https://blog.1inch.io/1inch-launches-earn-6498908a60eb

🌐 1inch Earn is viewed as fully open-source and available for various integrations.

🛠️ To integrate the 1inch API, follow this link and fill out a form: https://1inch.typeform.com/to/o5xoK8NF?typeform-source=1inch.io

🌊 Welcome the January batch of gas refunds + DeFi Racer Tournament #1 & #2 prize distribution!

🔥 2,059,594 of 1INCH tokens have already been paid out under the 1inch Gas Refund Program 🔥

🏎💰 20K of 1INCH tokens have been sent to winners of DeFi Racer Tournaments.

‼️ The program will run until a 10M 1INCH mark is reached.

⚠️ Quick reminder: to be eligible for monthly gas refunds, a 1inch user needs to stake 1INCH for the entire period between their first swap of the month and the day of gas refund distribution.