Want to trade without any middlemen? 1inch just introduced a peer-to-peer service within its DApp.
to the company website, this"opens the door to a whole new world" of possible use cases, including transactions within NFT marketplaces, auctions or reverse auctions. Although other services like Binance Pay or Bybit support P2P payments, the company said that they have"stepped in to fill the gap" in demand for this kind of service.that their P2P service offers trustless swaps backed by smart contracts and complete decentralization.
The most common use cases for P2P orders include situations when liquidity for a certain token is not sufficient for a large OTC deal or in the case of tokens in the presale stage. The P2P feature is built on top of the 1inch Limit Order Protocol and is available on the following chains: Ethereum, BNB Chain, Polygon, Avalanche, Optimistic Ethereum, Arbitrum and Gnosis Chain.
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