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One inch launches the ground-breaking cross-chain exchange solution Fusion+

Fusion+, a fresh tool for flawless and safe cross-chain token exchanges, has been introduced by 1inch. This invention uses smart contracts and atomic swap technologies to guarantee all-or-nothing transactions and do away with intermediary requirements. Fusion+ improves earlier models by offering improved security and efficiency, therefore enabling more dependable and affordable cross-chain transactions.

One-inch’s ground-breaking tool Fusion+, streamlines and locks cross-chain token exchanges. With this new functionality, customers may keep total control over their money and trade digital assets across several blockchains.


Fusion+ aggregates on-chain and off-chain liquidity to help with these exchanges. Fusion+ guarantees “all-or-nothing” transactions by use of atomic swap technology, therefore returning all monies to the sender should a swap fail. By confirming all swap circumstances, smart contracts help to facilitate this ability by thus removing the need for outside middlemen.

Cross-chain transactions historically depended on bridges, which have been prone to security problems and large losses. Bypassing these bridges and running on a distributed, self-custodial basis, Fusion+ provides a more safe and quick substitute.

Fusion+’s Working Mechanisms

Fusion+ runs under the following, a condensed overview: Consider a user wanting to exchange POL tokens on the Polygon network for ETH on the Ethereum network. The procedure starts the user entering their order data. Professional traders—also referred to as “resolvers—then manage this order, vying to execute the swap at the highest feasible rate via a Dutch auction.

The resolvers agree the order, deposit the ETH into an Ethereum escrow under the same terms, and post the POL tokens into an escrow contract on Polygon. Completing the swap by activating the contracts on both blockchains releases ETH to the user and claims POL tokens.

In order to ensure the return of money to their original owners whenever necessary, a timelock function in the Fusion+ system cancels swaps should they not conclude within the designated time.

One-inch Fusion’s Development

Building on the popularity of 1-inch Fusion, which debuted in late 2022, Fusion+ Fusion+ advances on its predecessor by including enhanced security against maximum extractable value (MEV) exploits and a smart pricing curve that adapts for market liquidity and gas prices.

Earlier this year, 1 inch also unveiled Fusion 2.0, which eliminated the layer of settlement contracts, so improving the exchange process and lowering customer prices and charges.

Summary

Using innovative technology to guarantee all-or-nothing transactions and total user control over money, the new Fusion+ tool from 1inch simplifies and secures cross-chain swaps. Providing a more dependable and affordable alternative than conventional cross-chain bridges, this invention marks a major breakthrough in the distributed finance (DeFi) area.

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