1inch Teams Up with Lumia to Enhance User Deals

Now, users of decentralized finance (DeFi) can find prices as good as, or even better than, those on big exchanges. 1inch, a key player in DeFi, has brought Lumia into its circle. Announced on March 18, this partnership aims to increase on-chain liquidity and offer 1inch users improved pricing.

Why is this big news? Lumia connects to major exchanges like Binance and OKX. This means users could get deals as good as those on centralized platforms.

Sergej Kunz, one of the brains behind 1inch, shared:

“We’re thrilled to have Lumia boost our options. It’s a big win for our users.”

How does it work? Lumia steps in as a go-to for buying tokens, offering direct deals. Plus, it’s part of 1inch’s new, cost-free service, Fusion. Here, Lumia will ensure everything runs smoothly.

The setup is already up and running on 1inch Legacy and is about to get going on Fusion too. 1inch is no small fish. It draws from 500 sources, handling over 76 million trades.

The company is run by a community, making big decisions together. This year, they even chose their legal team by vote.

Orion DAO brought Lumia to life as a major liquidity layer. It aims to connect the dots between big exchanges and DeFi’s creativity.

Recently, they welcomed a former Binance exec to help expand.

Kal Ali of Orion Protocol mentioned:

“The Orion community is moving to Lumia DAO. This will make us even more in touch with our users.”

This change got a thumbs-up from nearly everyone involved. Their ORN token will switch to LUMIA, keeping the same value, with exchanges on board.