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The partnership will enable users to easily enter and exit the Beefy vaults with all tokens.
1inch Joins with Beefy
The 1 inch mesh would like to announce a collaboration with Beefya multichain yield optimizer, where the 1-inch API will power ZAP V2, a tool that enables users to tap into Beefy’s yield-earning products from all assets.
“We believe 1inch is the perfect partner to help us deliver on our ZAP tool,” says Wow, head of developer operations at Beefy. “By querying 1inch’s public API, the Beefy application can display the prices offered by 1inch to our users, to provide an accurate picture of how much it will cost to enter our vaults with one click.”
“We are excited to partner with Beefy as this partnership facilitates a better user experience, which in turn will help integrate more users into the DeFi space,” adds. Sergey Kunz1 inch co-founder.
The partnership is centered on using the 1-inch API to power a new version of Beefy’s ZAP, a tool that enables users to receive attractive returns on Beefy’s yielding products without handling any coins other than the ones they already have in their wallets.
The 1-inch API now powers Beefy’s ZAP V2, available on BNB Chain, Polygon, Optimism, Arbitrum, Fantom, Avalanche and Aurora.
When a user selects a vault and clicks the “Select Token” dropdown on the “Deposit” tab to select the asset they want to deposit with, the Zap Route section will show them a route suggested by 1inch and Beefy. The user will be able to see an estimate of how much they will receive after all costs have been deducted and select their preferred sliding levels.
To celebrate the launch of ZAP V2, Beefy is hosting a promotional launch party in January where users can take advantage of the tool at no extra charge. After this period, a fee of 0.05% will be added to each transaction.
In addition, Beefy will run an additional promotion during the launch party where ZAP V2 users on Optimism will receive part of a special distribution of 5,000 OP tokens.
Stay tuned for more news on 1inch Network’s partnerships and integrations!
*This article is a guest post.*
What is 1 inch:
1inch is a decentralized exchange (DEX) aggregator that provides the best prices by discovering the most efficient exchange routes across all leading DEXs. 1inch operates on multiple networks including Ethereum, BNB Chain, Polygon and Optimistic Ethereum.
Where do you find 1 inch:
Website | Twitter | Medium | Discord | Telegram |
