Decentralized exchange aggregator - finds the best route for a token swap and facilitates liquidity provision across DEXes.
From the FAQ:
"1inch exchange is a DEX aggregator that executes a swap of tokens at the best price in one single transaction. It is a common place that a core problem of all DEXes (decentralized exchanges) is lack of liquidity due to the fact that DEXes are a relatively new concept. First of all, 1inch DEX aggregator is addressing the liquidity problem thus facilitating mass adoption. The optimizing algorithm splits up the trade across different exchanges. This allows you to have the most efficient way to exercise a transaction. 1inch protocol sources liquidity from a broad range of DEXes which truly makes it a single entry point to DeFi (decentralised finance) trading and creates an ecosystem experience."
It's time to get your Invitation.codes account too 😎