Hello world: 1path beta is live!
Welcome, everyone. We’re happy to announce that the 1path app is available for you at 1path.finance/app!
One entry point to all of DeFi
1path is a secure and optimal crypto portfolio rebalancer. Our app allows users to seamlessly swap multiple tokens into multiple tokens in one transaction with the least slippage, fees and gas costs on- and across blockchains.
There are many unique features in 1path, but for users, the most important one is convenience: the only thing they have to decide is which tokens they want to rebalance into which tokens and 1path will take care of the rest. Thanks to the multi-dimensional routing algorithm, 1Path will determine the best transaction route through the best third-party protocols and ensure you get as many assets as possible. Finally, our smart contracts allow 1path to stack transfers and swaps, so any route is executed in a single transaction in a blockchain, so a user will need to confirm only a single transaction.
1path infrastructure
As a prerequisite, a user will need a Metamask wallet and native blockchain tokens to perform the transactions. To connect to our smart contracts, a user will be asked to deploy his own “proxy” smart contract, which will be his personal access point to 1Path. It is deployed only once per blockchain in use and costs proportionally to a token allowance (usually around several cents). Then any token approval a user “gives to the app” — the user gives to himself, which ensures that assets always stay in their wallet and are never transferred to 1Path’s smart contracts balances.
The Beta version supports five popular tokens: USDT, USDC, DAI, WETH, and WBTC. You can perform any swap you want in Ethereum via Uniswap v2, Polygon via Quickswap, and BNB Smart Chain via Pancakeswap, or even bridge the assets between them via Multichain bridge.
Roadmap
1path is currently on a huge integration streak. We have already deployed our core contracts to Avalanche and connected them to Trader Joe. We are testing multiple other DEXes in supported blockchains and bridges between them. Another big part of the current milestone is the integration of arbitrary ERC-20 tokens into our ecosystem thanks to other liquidity-aggregation protocols.
If you have any requests on integrations, feel free to connect to us on our Discord or Twitter!
Medium
This is our first of many-to-come stories on Medium, which we plan to use as our blog. From future posts, you will learn more about our product and its progress, get to know our team, be notified about significant 1path events, and explore more about the fantastic world of Decentralised Finance!
