Opium x 1INCH

Opium x 1INCH new liquidity mining program is worth 150,000 1INCH tokens (~$ 750,000) to be distributed among providers of liquidity to the 1INCH-OPIUM pool over a 24-weeks period. 

In addition, the Opium protocol, the issuer of the OPIUM token, one of the hottest tokens in the DeFi space right now, will distribute 150,000 OPIUM tokens (~$ 1,080,000) to the program’s participants via DR.OPIUM on opium.finance over a 24-weeks period too.

About Opium x 1INCH

Opium is a universal protocol to create, settle and trade virtually all derivatives and financial instruments in a professional and trustless way. It allows anyone to build custom exchange-traded products on top of the Ethereum blockchain. Once created, they can be traded freely via a network of relayers and will be priced according to supply and demand. All created positions are represented by ERC-721 tokens that are specially designed for trading financial instruments and can be combined into portfolios and natively traded in combined orders.

1inch exchange launched in August 2020 following a $2.8 million funding raise from Binance Labs, Galaxy Digital, Greenfield One, Libertus Capital, IOSG, Dragonfly Capital, FTX, LAUNCHub Ventures and Divergence Ventures. 1INCH integrates Uniswap, Kyber, Curve, Oasis, 0x, and other DEX protocols. 

By integrating with various DEX service providers, it allows users to trade with various ERC-20 tokens on different DEXs for the best transaction prices. 1inch also launched Mooniswap, its own automated market maker (AMM). AMMs substantially change the way users swap cryptocurrencies. Meanwhile, liquidity providers earn a passive income from trading fees that are based on the proportion of their contribution to the pools.

The 1inch team has launched Chi, a next-generation Gastoken (CHI) that allows users to significantly save on gas. Transactions on 1inch are up to 42% cheaper. 1inch offers the best rates by discovering the most efficient swapping routes across all leading DEXes.