This integration provides oasis.App users with cheaper prices and better security for swaps via 1inch.
Oasis.app, a leading platform for decentralized finance, has integrated with the 1inch Network, a leading DEX aggregator, to provide its users with the best rates and deepest liquidity on the DeFi market. This integration comes shortly after users were suffering from rising gas costs using Oasis Trade, as 1inch provides a cheaper, more efficient solution.
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1inch is a decentralized exchange (DEX) aggregator that scans multiple liquidity sources within Ethereum, Binance Smart Chain, Polygon and Optimistic Ethereum networks to find the best possible swap rates for its users. When paired with the new Oasis.app feature, Oasis Multiply, users can multiply their positions.
Oasis Multiply, which is built on top of the Maker Protocol, allows users to borrow DAI and create Multiply Positions, which are similar to leveraged or margin positions but without the need to borrow funds from a counterparty. Oasis Multiply supports other Maker-supported assets, like ETH or wBTC as well.
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With Oasis.app, users can borrow DAI in a cheaper and safer way than on other platforms, and the integration of 1inch facilitates that narrative even more. Oasis.app aims to be the most trusted platform in decentralized finance, working with only top-performing partners within the space.
“As a team, it is really exciting to announce 1inch as our first protocol integration on Oasis.app beyond the Maker Protocol. Working with 1inch provides our users with the best possible prices, and really enhances the use cases that allow them to borrow and utilize Dai in the most secure way possible,” says Chris Bradbury, Oasis.app CEO.
“The integration with Oasis.app is another step towards a more efficient and secure DeFi space and wider adoption of innovative decentralized financial solutions,” adds Sergej Kunz, 1inch Network co-founder.
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