DeFi project 1inch Network has integrated the liquidity pools of the cryptocurrency derivatives platform Opium Protocol into itsdecentralized application. This was reported to ForkLog by representatives of the team.
“Crypto derivatives are a promising segment of the DeFi sector, cooperation with Opium will open up new opportunities for 1inch users,” said Sergey Kunz, co-founder of the project.
The liquidity pools are connected to the 1inch app via the Opium API. The corresponding transactions are processed by the smart contract of the platform.
Liquidity providers of derivatives pools receiveincome that comes from commissions paid by instrument buyers. According to the developers, based on indicators at the time of launch, the annual profitability of the Turbo 1INCH pool on Ethereum is estimated at 8.9%.
Data: 1inch Network.
Let us remind you that in April 2022, the developers integrated a service for purchasing cryptocurrency for fiat Transak into the 1inch Wallet wallet.
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