1inch - DeFi / DEX
1inch's main product is a DEX aggregator that works out the best crypto prices across decentralized exchanges. The platform launched its governance token, 1INCH , in December 2020. Decentralized exchanges (DEXs) are cryptocurrency exchanges that don't require a third party to govern it all. The clue’s in the name, after all: on a decentralized exchange, there is no single company maintaining the order books, custodying funds or calling the shots. (Hypothetically, in principle, and often with some major caveats). Anyone can trade on a decentralized exchange; traders need only connect their wallets, never giving up access to their funds or personal information to companies. There are a few such exchanges, including Uniswap , SushiSwap , and PancakeSwap . But all of these exchanges, each of them relatively new and structured in different ways, sell cryptocurrencies for slightly different prices (incidentally, creating opportunities for arbitrage). So Et...