Neutrino, WAVES announced integration with 1inch, an aggregator of decentralized exchanges in the Ethereum ecosystem.

Now, Waves tokens and blockchain functionality will be available to users of exchanges such as Uniswap, Curve, Balancer and others.

As part of an effort to activate multiple chains, the Neutrino protocol will move its functionality to Ethereum, the largest DeFi community to date, as a key strategic first step. Listing USDN at 1 inch will give users access to USDN and its staking rewards as well as the upcoming Neutrino decentralized Forex product.

In addition to opening the door to the ETH-based DeFi ecosystem for Waves and Neutrino, this integration enables the 1inch team to operate the gravity node. Gravity, a blockchain-independent and token-independent interoperability protocol, will connect 1 inch to the infrastructure of new ecosystems other than Ethereum, allowing it to act as a reliable interchain transfer provider as soon as the Gravity core network is released.

Neutrino is a multi-chain asset protocol that enables the creation of crypto-secured tokens linked to various financial assets such as national currencies, other cryptocurrencies, gold or stocks. Due to the nature of the underlying assets (WAVES) that allow staking through consensus pools of Leased Proof of Stake (LPoS) algorithms, synthetic assets spent on the Neutrino Protocol. This mechanism is different from most other DeFi tools that generate high returns through borrowing.

The first and most famous activation product based on the Neutrino protocol is Neutrino USD (USDN). USDN's current market capitalization is just over $ 20M, with around 5,000 active Neutrino dApp users.

As an ecosystem that aims to unite blockchain ecosystems and communities to establish inter-chain DeFi infrastructure by investing in Gravity Protocol development, Neutrino is an important component of Waves. 1inch's continued commitment to providing users with a variety of lucrative replacement options, coupled with top performance, aligns with Neutrino's overall mission. 1inch is the leading Ethereum DEX aggregator and one of the most important projects at DeFi. 1inch Decentralized Currency Aggregator acquires liquidity from various exchanges to get the best exchange rate by splitting a single trading transaction into multiple DEXs. Sergej Kunz, CEO and Anton Bukov, CTO, created an innovative structure. A key R&D issue, which will also be solved in collaboration with the 1inch, Neutrino and Waves teams, is the integration of PoS-blockchain-specific external staking rewards in Ethereum, which will be automatically collected by the liquidity pool owners. The most useful feature for an ERC20 USDN user will be the ability to collect rewards from USDN stowed on the Waves blockchain. ERC20 USDN holders who have purchased a token on services such as 1 inch, Uniswap, Curve, Balancer, Bankor etc. can simply store ERC20 USDN in their wallet (e.g. Metamask) and staking rewards are automatically added to their account balance.



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