1inch has announced its strategic collaboration with Trezor to enhance the crypto user experience. This partnership marks the integration of the Swap API of 1inch into Trezor’s Suite app. This integration aims to empower users to leverage their wallet interface by executing effortless, gasless, and secure token swaps. Through this groundbreaking alliance, Trezor’s industry-leading security is combined with that of the advanced swap technology of 1inch.
This advancement marks a remarkable move in creating usability of decentralized finance (DeFi). 1inch, a DeFi aggregator that provides optimized crypto swaps, has announced the news through its official X account. Trezor, the other ally, is a secure hardware wallet for cryptocurrencies.
1inch to provide Next-Level Swapping to Trezor Users
By utilizing Trezor Suite embedded 1inch Swap API, the users can get favorable swap rates with robust security against MEV attacks. These attacks include complete self-custodial control of their assets and front-running. Trezor’s groundbreaking hardware type security will give private keys the edge to never leave the device.
On the other hand, the Dutch auction model of 1inch will optimize trades to get better results. This collaboration strives to introduce deep liquidity in various chains along with minimal slippage. It also eliminates the native gas tokens to encourage transactions. This advanced step aims to create affordable and accessible swaps.
This alliance allows users to link trust with innovation. Through the 1inch Swap API, the settlement costs are automatically enabled to be included in swap rates. It aims to remove friction, benefiting users who don’t have native chain tokens. Participants can enjoy faster with more intuitive trading and peace of mind. With this, they are aware of their transactions that will be secured from any malicious harm.
1inch and Trezor to Create a Decentralized and Secure Future for Crypto
Danny Sanders, the CCO of Trezor, highlights the significance of this advancement, stating, “Trezor’s collaboration with 1inch aligns perfectly with our mission to empower individuals to self-custody their bitcoin and crypto with tools that seamlessly balance security, privacy, and usability.” He further adds, “The Swap API delivers frictionless, secure token swaps directly within the Trezor ecosystem.”
1inch and Trezor, by joining their efforts, aim to continuously expand their ecosystems by improving their DeFi experience. For both of them, this synergy is a significant step forward in creating a more decentralized and user-first financial ecosystem.
