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AMM Stop-Loss and Take-Profit Without the Burden! 1inch Team Introduces Innovative Solution "1inch Limit Order Protocol"

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AMM Stop-Loss and Take-Profit Without the Burden! 1inch Team Introduces Innovative Solution "1inch Limit Order Protocol"

The 1inch team has released the "1inch Limit Order Protocol" to replace 0x's traditional solution, providing users with a more efficient, flexible, and cost-effective limit order trading functionality.

1inch Limit Order Protocol

The 1inch Network is an aggregation trading platform that combines liquidity from various decentralized exchanges to provide users with the best trading prices. It also supports the convenient "limit order function" that allows users to buy and sell encrypted assets on AMMs at specified prices. However, the limit order function is not developed by 1inch Network itself but is based on the 0x protocol, which means that 1inch cannot make too many improvements to the order placement function, and 0x charges protocol fees for this function, making user operations relatively costly.

In order to further optimize in this aspect, the 1inch team announced in today's release that the development team has completed the development of a unique innovative solution called "1inch Limit Order Protocol."

The development team stated that with the adoption of the new protocol, the order execution opportunities for limit orders will be significantly increased, and the time required will also be greatly reduced. On the other hand, since gas fees are lower compared to traditional solutions and the 1inch Limit Order Protocol does not charge protocol fees, the new protocol is also more cost-effective for users.

The 1inch Limit Order Protocol has been deployed on Ethereum, Binance Smart Chain, Polygon, and other blockchains, and currently supports token types such as ERC20/BEP20, ERC721, ERC1155. If more token types need to be added, external expansion can be easily implemented.

It is worth mentioning that the "1inch Limit Order Protocol" allows developers to customize parameters such as "dynamic pricing" and "conditional execution," providing greater flexibility than traditional solutions. This means that developers can use this protocol to implement complex market-making tools such as limit stop-loss, trailing take-profit, and other advanced order types. However, the 1inch platform currently only offers basic limit order functions, and other complex order logics have not been implemented yet.