Author
@RoundElephant
Simple Summary
This proposal calls for the deployment of 1inch Fusion Mode on multiple networks, specifically: BNB Chain, Polygon, Optimism, Arbitrum, Gnosis, Avalanche, Fantom, Klaytn, and Aurora.
Abstract
If passed, this proposal calls for 1inch Fusion Mode to be deployed on all networks currently supported by 1inch Network. By deploying 1inch Fusion Mode on multiple networks, all 1inch users will be able to benefit from the UX and pricing improvements, regardless of what chain they are on.
Motivation
The deployment of 1inch Fusion Mode on these networks will give all 1inch users, on all chains, access to the better pricing offered by 1inch Fusion Mode. By allowing users to access 1inch’s liquidity aggregation technology on these networks, users will benefit from improved liquidity, lower slippage, and more competitive pricing.
With 1inch Fusion Mode, resolvers pay the gas for the end user – this allows users who hold no native fee token in their wallet to still make swaps.
Specification
This proposal serves as a signal from the 1inch Network DAO to 1inch Labs. Once passed, the 1inch DAO calls for 1inch Labs to deploy 1inch Fusion Mode on BNB Chain, Polygon, Optimism, Arbitrum, Gnosis, Avalanche, Fantom, Klaytn, and Aurora.
Rationale
By deploying 1inch Fusion Mode on these chains, the 1inch Network will be able to increase adoption while also improving the UX for all 1inch users.
These deployments will reduce the barriers of entry for users who want the best user experience offered by 1inch.
Considerations
Deploying 1inch Fusion Mode on multiple networks has no governance implications.
There is no financial cost to the 1inch DAO, as this proposal is calling for the 1inch Foundation to fund the deployment.