Moscow, Thursday, April 18, 2024 – The integration of 1inch with the liquidity layer of Web3, Lumia, was announced on March 19, 2024, Orion reported. 1
The integration would give 1inch users a firsthand experience of utilizing Lumia, the liquidity layer, and its services from centralized exchanges (CEXs) directly to DeFi.
Compared to centralized exchanges, 1inch could provide more profitable and competitive prices, a source reported. ((Lumia: https://orion.xyz/1inch/))
At the start of the collaboration, Lumia will be functioning on 1inch as a Private Market maker (PMM) and will be expanded to Resolver with 1inch Fusion.
Lumia is currently in operation at 1inch via RFQ (Request For Quote).
A few specific Lumia offerings are listed as follows:
1:1 CEX Liquidity: This will provide 1inch users with the same order and price as on centralized platforms.
Complex orders across CEXs: Lumia unites order books on diversified CEXs as one trade, securing the DeFi price.
Liquidity providers: With this, Lumia is given substantial fees with exceptional capital efficiency due to standard quality and CEX orders.
Pioneering the trading platform, 1inch’s collaboration with the deCEX network of Lumia will mark the ignition of the new venture, delivering a novel experience to millions of users.
- Lumia: https://orion.xyz/1inch/ [↩]
