1inch Network Project Integrates Opium Protocol Liquidity Pools

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DeFi project 1inch Network has integrated the liquidity pools of the cryptocurrency derivatives platform Opium Protocol into its decentralized application.

Sergej Kunz, co-founder of the project, has said:

“Crypto derivatives are a promising segment of the DeFi sector, cooperation with Opium will open up new opportunities for 1inch users.”

Liquidity pools are connected to the 1inch app via the Opium API. The corresponding transactions are processed by the smart contract of the platform.

Derivative pool liquidity providers earn income from fees paid by instrument buyers. According to the project developers, based on the performance at the time of launch, the annual return of the Turbo 1INCH pool on Ethereum is estimated at 8.9%.