Following a recent expansion to Polygon, the 1inch Labs team released an API for swaps in the network.
The 1inch Network’s swap API for Polygon (previously known as Matic) is an innovative aggregating solution that’s clearly ahead of the competition. It offers users faster transactions and improved rates for swaps, while also reducing slippage and gas fees.
This API will find the most efficient token swap paths. Much like the original aggregation system for Ethereum, it will go through various liquidity pools, including different market depths in a single go, building call data to be sent to the blockchain.
Put shortly, the user will be able to do a swap at the best rate in no time. One of the API’s main advantages is its low median response time, which is below 400ms.
The API for Polygon can be integrated with any dApp or bot, and integrators can collect fees from users’ swaps.
Currently, the API supports the following protocols on Polygon:
- Aave V2
This list will continue to grow, so stay tuned for further updates!