Dharma Integrates 1inch Network to Power Swaps

  • The 1inch API has been fully integrated into the Dharma wallet.
  • The integration will increase the number of tokens the wallet supports by several thousand.
last piece of jigsaw puzzle

Shutterstock

The 1inch Network announced on 29 September that the 1inch API has been integrated into the Ethereum wallet Dharma, and its network will now power all swaps on the popular wallet app.

All trades made in the Dharma interface will be executed through the 1inch Network, including buying and selling tokens from a bank account, and trading between cryptocurrency assets. 

Sergej Kunz, the Co-Founder of the 1inch Network, said the integration with Dharma was a significant step for both projects as they work towards increasing the adoption of DeFi. 

The Dharma wallet currently operates on the Ethereum Mainnet and Polygon but is expected to introduce more Layer-2 options in the coming months. 

“With support on Ethereum and many L2 networks, as well as broad support for dozens of DEXes, performing trade execution on 1inch increases the number of tokens we support by several thousand and ensures that our users get the best possible price for their trades,” said Brendan Forster, the Co-Founder of Dharma.

Forster noted that moving trade execution to 1inch will provide Dharma users with better pricing than they could find on big exchanges such as Coinbase for all of the major tokens supported by the wallet. 

Discussion
Related Coverage
Multiple Projects Migrate From Terra to Polygon
  • Among the 48 projects that have started migrating over from Terra are some high-profile names, such as OnePlanet, Lunaverse, and Derby Stars.
  • OnePlanet played a huge role in helping NFT projects, encompassing 90 NFT collections, migrate to Polygon through its Ark*One initiative.
July 11, 2022, 3:34 PM
polygon / matic

Shutterstock

QiDAO Loses $13M After Superfluid Vesting Contract Exploit
  • QiDAO has assured users that their funds remain safe, with information suggesting that the stolen $13 million belonged to early backers and investors in QiDAO.
  • Superfluid’s team noted that the attack may have been a “potential protocol layer exploit”, and advised users to unwrap their assets as a precaution.
Token Bridge Wormhole Exploited for $334M
  • Since the incident, the Wormhole team has claimed to have found a fix to the exploit, which has already been deployed, and that all funds were safe.
  • The token bridge has also contacted the hacker through his Ethereum address, offering him a $10 million bug bounty if he was willing to return the stolen funds.