1inch $10M Delegation Incentive

Published on: 30.01.2023
1inch $10M Delegation Incentive

1inch $10M Delegation Incentive Program aims to incentivize the delegation of 1INCH stakers’ Unicorn Power to resolvers.

Last December, in a breakthrough move set to take users’ DeFi experience to a new level, the 1inch Network launched Fusion mode. It enables users to make swaps without paying network fees. Swap orders are filled by resolvers — professional market makers who pay applicable gas fees while profiting from arbitrage trading.

To help facilitate the new system, the 1inch Resolver Incentive Program was launched in December 2022, aimed to compensate resolvers’ gas costs.

Meanwhile, users who stake their 1INCH tokens, now receive Unicorn Power, which could be used in votes for major network decisions or delegated to one of the resolvers — in exchange for delegation rewards.

In addition, Fusion mode offers users a totally new approach to DeFi transactions, and, to incentivize the process of Unicorn Power delegation to resolvers. There are 250,000 1INCH tokens will be distributed to 1inch resolvers once a week. The resolvers, in turn, will use these funds to reward stakers who delegated them Unicorn Power, making the staking of 1INCH tokens extremely attractive.

The number of tokens that each resolver will receive will depend upon their network share. The program will run until the entire 10 mln 1INCH funds are distributed.

You can delegate Unicorn Power to the 1inch Labs resolver and start receiving rewards right now!

The 1inch API v5, Pathfinder, is a cutting-edge discovery and routing algorithm. It offers asset exchanges at the best rates on the market. Pathfinder finds the most efficient paths for a token swap. It is also able to split between different protocols.

ABOUT 1inch Network

The 1inch Wallet is a fast and secure non-custodial crypto wallet with a built-in DEX aggregator. Use the app to store, send, receive and trade crypto.


1inch Network

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