Matic Progress Report - Phase 2

Aavegotchi enables the Arkane wallet services to prepare for mainstream adoption.

You can now login to 1inch, a decentralised exchange aggregator that sources liquidity from various exchanges, via your Arkane Wallet account. This on both Binance Smart Chain as the Ethereum network. Making an account via Arkane has great benefits like multi-blockchain wallets under 1 account and the social login possibilities. Transactions are signed with a PIN and you can user your wallet on both web as mobile.
“We at 1inch are strongly focused on integrating with top players in the blockchain industry — and Arkane is definitely one of them.” says
Sergej Kunz, co-founder of 1inch. “While it is a multi-blockchain wallet with more than 60k active monthly users, all of them will now be able to natively swap tokens via 1inch right from the Arkane’s UI.”

On the other side, Arkane partnered with 1inch for the in-wallet swapping services. Swapping was already possible in the past, but is now optimized, with lower fees and faster services thanks to the 1inch technology. Users can swap on both networks, Ethereum and Binance Smart Chain. The in-wallet swapping services are one of the many features of the Arkane Wallet, another popular feature is the NFT inventory.

About 1inch
1inch is a decentralized exchange aggregator that sources liquidity from various exchanges and is capable of splitting a single trade transaction across multiple DEXes. Smart contract technology empowers this aggregator enabling users to optimize and customize their trades. Launched in May 2019 by Sergej Kunz, CEO, and Anton Bukov, CTO, 1inch has surpassed $25B in overall volume (live stats from Dune Analytics) in less than two years. In November 2020, 1inch was updated to version 2 (intro video) which major highlights are Pathfinder, an API that contains a new discovery and routing algorithm, and an intuitive, user-friendly UI. In December 2020, the 1inch team released its upgraded Liquidity Protocol — an AMM (automated market maker) with instant governance where LP (liquidity provider) earnings are dramatically increased by slowing down price changes to prevent arbitrage traders from earning up to 100% of the swap slippages. In February 2021, 1inch Network expanded to Binance Smart Chain. 1inch has already integrated support for 40+ top DEXes including Uniswap v1 and v2, Balancer, Curve, Kyber, SushiSwap, DODO, Oasis, and many more.
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