1inch at @ETHDubaiConf

Transcript

so hi everyone um my name is sergey i'm co-founder of one-inch network uh one-inch network is a single point of entry for device space uh we started with the aggregation of digitalis exchanges back in 2019 on ethereum hackathon in new york it was just a hackathon idea but i came together with undone book of my co-founder [Music] to just improve the space to improve the usability of this or less finances actually back into the early days there was no defy yet the naming itself so um so what we did we just came to the idea to split uh the source amount which for example 1000 if um

split in small pieces by using algorithm and swapping on different exchanges in the same time we started this simple algorithm which just split it and nowadays we are have very complex algorithms which use multiple market depths among uh a lot of liquidity sources on ethereum we have more than 100 protocols integrated with more than 25 000 smart contracts which we aggregate in just 90 milli milliseconds this is yeah great work of my my my great team we are more than 100 people uh around the globe already building on this open decentralized uh network so we started with a one-inch

aggregation protocol we have uh one uh one-inch liquidity protocol it was a small invention for 2020 in june uh we came to the idea how to uh protect the people from uh sandwich attacks so i still don't don't understand why unisop didn't implement it yet um but still hope that hayden items will do that we didn't push this liquidity protocol for after the use of v3 uh release because like this linux v3 has better uh more efficient approach with the range range positions we have limitora protocols highly efficient autobook protocol you're familiar with maybe xerox

protocol uh it's more efficient this uh you use a small amount of gas and it's extendable so you can easily build on extension on top of this and avoiding a huge effort of our security audits we have of course also our one-inch wallet d5 wallet soon also released on android right now on ios it's it's a highly highly efficient d5 wallet right now over there and we have a one inch dowel as well with the one inch token you can participate in the down and and yeah push push proposals and and everything so here why we are here uh

i and antoine we were traveling around the globe uh from 2018 december to early 2020 we were participating on almost every hackathon out there which was about blockchain so um we participate on 17 hackathons so we are hackers we know what it is to build something on a hackathon how to ship in just two nights like we did it with a one-inch mvp uh over two nights we built without no sleep uh first mvp and it was already working the production so um why we are here we would like on board more developers of course to building on one inch network or also for the defy and we would like to give back

what we uh didn't receive back into the time when we were working um i will come to this of the bounties um so the boundaries itself um we we are looking for someone who can build uh nft marketplace based on our limit order protocol so if you see opencr it consumes a lot of gas we have more efficient uh protocol which offers you to to exchange nfts or also arc 20 tokens between people without trusting to anyone except the source code which is audited and and used um um you can build on extension for uh nft auctions and uh dutch auctions so

whatever you you have in mind uh just come to us and let's talk about that um nft aggregate is also one huge topic right now we have a lot of nft markets and needs to be aggregated via aggregator uh innovators we invented the aggregation device space for your c20 tokens we are looking for a team who can uh also build something similar uh and potentially can also join the one-inch network itself and get also first first findings from free foundation but we'll come to it later we have also um a topic about marching trading so you can create leveraged position by using limit order protocol you don't have to pay any fees you you can just assign a

message and someone who who is interested and maybe incentivized can create for you a leveraged position based on learning protocol or maybe based on something else yeah we have also uh margin trading aggregation as well so there are already some protocols out there which can be also aggregated for margin trading uh and also automated market making strategy based on our limit or a product called similar changes of v3 theoretically you can create a trading position very complex trading position in the extension you can implement for example i would like to sell ethereum to usdc for specific uh fees

but i also okay to buy back for higher fees for example so uh also i would charge potentially dynamic fees if the pump if if if a pump happens on the market i can charge theoretically twenty percent of this fees because the market the arbitrator has to um have two arbitrage anyway so you can just earn a lot of this the idea is actually from our liquidity protocol but can be also implemented in the limit order protocol itself um you you can you can create the range positions like in unions of v3 from 2500 u.s dollars uh ethereum to ten thousand dollars i'm okay with selling ethereum but also okay by buying back and all the time i earn fees on that so it's like

very cool you can build very flexible complex uh uh trading positions and you can afford to to to create for everyone and we have a for sure open track just just come with your id to our booth let's talk about that we have um great uh software engineers uh kirill for example our lead software blockchain engineer they can help with everything what you need and um and can explain explain how how this works so um if you are looking to to get in touch with us we have multiple social network channels we have also docs.oneage.org where you can find us the documentation about the api itself for the aggregation um and

everything about our protocols um back to the 2d foundation and the grant program what we have um already said we are would like to give to give back what we didn't receive we we applied for the grant to ethereum foundation we didn't get it they didn't care and um i know it's very complex topic and everything but vfo foundation we have uh a lot of money there and you are welcome to build something not only for food one issue you can build also for the different space and just apply you can get maybe one hundred thousand dollars in vanish tokens it's like a starter uh you can build something a prototype um and uh big help also to to introduce you

to specific angels vcs and everything so uh and also you're welcome to join the uh one inch network core contributor team so if you are looking for for a job in crypto space uh doesn't matter where you where you are in the in the world you can work uh with our guys uh because we are decentralized distributed uh people around the globe who are working on the next iteration of a financial system so thank you very much um we have a booth we have also small um volunteer for everyone uh we have a physical airdrop based on merkle trees come to our booth get one inch tokens to join our one inch doll thank you very

much thank you any questions another question per se but our tech guys that are in charge of like market making and stuff they were like really fond of your algorithm like you're doing there some magic there like without like the graph search or something but you at the same time like it's it's efficient and it's really fast it's unicorn magic yeah our our unicorn it's a little bit different to useful one it's uh it's a manic cryptomaniac unicorn because we were like cryptomanic team on hackathons and we thought like maybe makes sense to to to to build something highly efficient and uh if you ask about the one inch itself why one inch

we are like martial arts fans and uh the name comes from one inch punch from bruce lee and we are doing the same on the blockchain so it's really really kind of a little bit magic what we are doing after our swap there is no arbitrary opportunity on chain anymore in the network yeah it's really good because say yeah we've all been arbitraged when trying to start in the fight i think any questions from from people but definitely come by by the booth and ask questions especially since we've got like the tech guys here so probably can get some insight into that thank you very much

thank you you