🌊 Welcome the October batch of gas refunds!

🔥 782,354 of 1INCH tokens have already been paid out under our gas refund program 🔥

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

✳️ From now on, the maximum amount of gas refund to one person is limited to 25K in 1INCH tokens.

⚠️ 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.

🦄 We’ve just hit another fantastic milestone 🌈

☄️ The 1inch Limit Order Protocol successfully crossed $2B in total trading volume!

🔗 https://dune.xyz/k06a/1inch-Limit-Order-Protocol

😈 Who could dare to stop this angry unicorn ⁉️

🦄🔁 1inch has successfully surpassed 4M in total number of swaps on Ethereum!

🔗 https://dune.xyz/1inch

📣 ETH burned weekly update 📣

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

🔷 Ethereum burned over the last 7 days - $7.2M (1617.05 in ETH)

🔷 Ethereum burned in total - $43.1M (11.5K in ETH)

📣 1inch governance rewards weekly update 📣

🔷 ETH: collected more than $425K (94K 1INCH tokens) 🎉🥳

🔶 BSC: collected more than $357K (79K 1INCH tokens) 🎉🥳

This is it. Our hero has finally reached the point of no return.

Months of practice haven’t passed in vain, and 1inch is finally ready to challenge high gas fees once again!

In the name of cheap swaps and low slippage, will you join this mad crusade?

🙌 Behold! 🦄🖥 Sacred v4 of the 1inch Router is rolled out with several epic improvements!

Prepare for the most powerful one-inch punch you've ever witnessed 👊

First and foremost, thanks to v4, users will be able to make cheaper swaps, saving on ⛽️ gas costs.

⚡️ In v4, separate routers were added for Uniswap v3, Clipper and the RFQ feature of the 1inch Limit Order Protocol.

As a result, if a user, for instance, makes a swap using only Uni v3, it will be cheaper than the same swap made directly on Uniswap or anywhere else, due to significantly 📉 lower gas costs!

✅ The same applies to RFQ swaps via the 1inch Limit Order Protocol and Clipper.

🤩 On average, RFQ swaps with the v4 via the 1inch Limit Order Protocol will be 😱 20.8% cheaper than the same swaps via other DEX aggregators.

💰 Overall, swaps with the 1inch Router v4 are on average 5.4% cheaper than the same swaps made directly on DEXes, such as Uniswap.

⚙️ Another improvement, which will have a positive impact on user experience, is support for Dai-standard permits.

🌈 Now, permits – which allow users to make swaps without a separate transaction approval – will be available for swaps involving DAI and a few other tokens.

🦾 Overall, the 1inch Router v4’s permits support nine more tokens on Ethereum, another nine coins on Binance Smart Chain (BSC) and one token on Polygon.

➡️ Read more: https://blog.1inch.io/the-1inch-router-v4-is-rolled-out-320f291f995f

🦄🛒 Black Friday is coming and there is no way we could stand aside.

💥 BOOM! The 1inch Foundation announces the Black Friday Week, during which users will receive refunds on gas fees.

📜These are the rules:

💰 500K 1INCH tokens will be distributed among users making at least one swap via 1inch between November 22 and 26.

📥 Refunds will come in the form of 5K vouchers with a value of 100 1INCH each in a Merkle drop on Ethereum.

🎲 Voucher recipients will be determined randomly.

🗓 The tokens will be distributed at the end of the month, alongside the ⛽️ gas refunds.

👥 Users ennoscriptd to gas refunds thanks to 1INCH staking ⛔️ will not participate, as their gas fees will be refunded anyway.

➡️ Read more: https://blog.1inch.io/the-1inch-foundation-announces-black-friday-week-d32c30d4f914

💡 For more on 1inch’s gas refund program, which is still in progress, see this post.

🦄🏢 $585K in 1INCH tokens will be distributed to a group of grant recipients as part of the 1inch Grant Program!

⏰ Quick reminder: the program was launched to foster the growth of the 1inch ecosystem and the DeFi industry at large.

➡️ More info: https://blog.1inch.io/the-1inch-foundation-releases-585-000-to-grantees-7075fce45bf7

🦄 1inch has successfully reached $95B in total trading volume on the Ethereum network!

The golden milestone is just $5B away 😱🏆

🔗 https://dune.xyz/1inch

🧐 Do you want to get a better idea of what limit orders are and how they can make trading more flexible and efficient?

💡➡️ Then you should definitely read this extended article by the 1inch co-founder Anton Bukov: https://blog.1inch.io/anton-bukov-1inch-network-limit-order-protocols-offer-more-flexibility-and-efficiency-to-dex-6c996c81d1e4

🤌 Excellent! 🦄👊 1M in total user count on the Ethereum Network is less than 100K away!

We love you, guys ❤️

🔗 dune.xyz/1inch

📣 ETH burned weekly update 📣

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

🔷 Ethereum burned over the last 7 days - $4.5M (963.77 in ETH)

🔷 Ethereum burned in total - $47.6M (12.4K in ETH)

🦄⚖️ We’re happy to introduce an extremely significant update to 1inch Governance!

🔥 The 2nd stage of the 1inch DAO Treasury proposal implementation is live and we’re halfway through the road towards full decentralization!

📯 Let's start the festive procession as we're rolling into Stage 2!

✅ The end-goal of it is for the 1inch Network protocols and the 1INCH token to be completely decentralized, owned and governed by the DAO.

➡️ More info: https://blog.1inch.io/the-road-to-decentralization-ddee58d3b198

⏰ Quick reminder: The first stage was kicked off in December 2020. 🎯 The goal was to launch the decentralization process by giving community members direct control over specified protocol settings via the Instant Governance UI.

🔗 Read more

🙏 A huge thanks to all who took the time to participate in the Stage 1 and Stage 2 1IP discussions of the 1inch Network DAO Treasury on the forums!

💰 A Gnosis Safe smart contract wallet with multi-signature (multisig) functionality on the Ethereum mainnet has been created — this address functions as the 1inch Network DAO Treasury.

👥 12 multisig owners have initially been selected by the 🏢 1inch Foundation from the core contributor team and other well-known projects such as Tornado Cash, Synthetix, Opium, NEAR protocol, and zkSync, to name a few.

🖥 With the incorporation of this Treasury upgrade, 🎁 referral rewards remain unchanged and will still be paid out in their source token on the chain they were earned.

☝️ However, the part of the revenue stream that previously went towards Governance rewards distribution, will instead 📥 be sent directly to the newly formed Treasury in the form of USDC on the Ethereum mainnet.

⚙️ In June, 1inch rolled out the integration of Snapshot into the governance process.

🗳 This upgrade makes it possible for governance participants to vote in a gasless fashion off-chain and delegate their voting weight to other addresses.

🧠 The rationale behind these voting changes is that they ensure that 👤 individuals with direct control over the protocol have a vested interest in its long-term success, while also limiting the power of backers and core contributors.

✌️ All 1inch Network contributors have never been more excited about the future of the 1inch Network. The goal is to iterate on the governance processes and move towards total decentralization.

😉 So, please be sure to stop by our governance forum and join the discussion!

📣 Here comes the last 1inch governance rewards weekly update!

🔷 ETH: collected more than $680K (175K 1INCH tokens) 🎉🥳

🔶 BSC: collected more than $226K (58K 1INCH tokens) 🎉🥳

🛡 As security is one of the most urgent concerns in the DeFi space, we at 1inch have always paid special attention to it.

👨‍💻⤵️ Learn more on how 1inch protects users’ assets against any security breaches: https://blog.1inch.io/how-1inch-ensures-the-security-of-users-funds-2581bee97d8e

🏴 HERE COMES THE MOST LEGENDARY DROP YOU'VE EVER WITNESSED IN DEFI!

🦄✨ 1inch Foundation is launching the Black Friday Week during which participants will collect 500K 1INCH tokens!

🗓 End: Nov. 26

‼️ Read this blog post before entering: https://blog.1inch.io/the-1inch-foundation-announces-black-friday-week-d32c30d4f914

📣 ETH burned weekly update 📣

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

🔷 Ether burned over the last 7 days - $5.6M (1314 in ETH)

🔷 Ether burned in total - $56M (14.4K in ETH)

🦄💰 Since its launch last week, the 1inch DAO Treasury has already surpassed the first $1M in funds collected for the 1inch Community's future needs!

🙃 Sounds awesome, doesn’t it?

🤯 We never thought that 1inch would achieve this golden milestone in such a short period of time. 👊🦄 $100B IN TOTAL TRADING VOLUME ON THE ETHEREUM NETWORK!

Congrats to all 1inch Community participants 🎊🎉

🔗 http://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 - $5.4M (1296.33 in ETH)

🔷 Ether burned in total - $61.4M (15.6K in ETH)

🎯 Hell yeah, we nailed it!

🦄🎊 The 1inch team is excited to announce a successful closure of a $175M series B funding round from institutional investors, led by Amber Group.

🙌 Among about 50 investors that participated in the funding event are Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital and Gemini Frontier Fund.

✅ The addition of several dozen new participants to the 1inch Network is set to lead to further decentralization of the 1inch DAO, making it more democratic by allowing everyone's votes to matter.

💰 Initially, the investment target was set at $70M, but, following several developments in the space and a huge demand from valuable backers, a decision was made to 📈 increase it to $175M.

🪄 The funding will facilitate navigating in the regulatory space for DeFi in Europe and the US in a bid to onboard institutions into 1inch Pro, a compliant product for institutional customers.

🛠 The raised funds will also be spent on building new 1inch protocols, expanding the utility of the 1INCH token and scaling up the contributor team.

👥 Over the next few years, the team is expected to more than double in size.

🗓️ In December 2020, the 1inch Network attracted $12 mln from several major investors, including Pantera Capital, ParaFi Capital and Nima Capital.

In August 2020, $2.8 mln was raised from a group of institutional investors led by Binance Labs.

➡️ Read more: https://blog.1inch.io/the-1inch-network-closes-a-175-mln-series-b-round-e22d572754ae