1inch has launched Aqua, a new protocol that allows users to provide liquidity across multiple decentralized exchanges on 11 different blockchains. The announcement came Tuesday from the DeFi aggregator, which says Aqua is designed to simplify the process of supplying liquidity to various protocols.
What Aqua does
Aqua lets liquidity providers deposit assets into a single interface and then allocate that liquidity across different protocols on supported chains. The 11 blockchains include Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Arbitrum, Optimism, Gnosis, Aurora, Klaytn, and zkSync Era. Users can manage their positions from one dashboard.
Liquidity provision has become increasingly fragmented as more chains and DEXs emerge. Aqua aims to reduce the friction of moving funds between networks and rebalancing positions. For 1inch, it's a way to deepen its footprint beyond aggregation into active liquidity management.
Availability
The protocol is live now. 1inch says Aqua is non-custodial and integrates with existing 1inch products. No further details on token incentives or fee structures were provided in the announcement.
