1Sol (1SOL) is a DEX platform functioning on the Solanablockchain. The platform claims that 1Sol is born for Solana, as the platform aims to become a one-stop trading destination for trading of Solana.
Further, there has been an increase in the demand for aggregators in decentralized finance (DeFi) platforms. As a result, 1Sol was developed to seek to encourage seamless, secure, and efficient execution of operations in a DeFi space mainly for Solana. Also, 1Sol functions explicitly as an explorer, aiming to pull up liquidity from multiple blockchains in decentralized and centralized finance space.
According to what’s specified on the whitepaper, 1Sol prioritizes educating users about relevant prices, details of slippage, and charges of DEX on the web. Apart from contributing to a user’s understanding of the unique characteristics of the cryptocurrency, 1Sol seeks to allow users to pick suitable crypto and start secure trading. In short, 1Sol seeks to serve as a secured aggregation service combining all tokens in DeFi and DEX.
Also, 1Sol seeks to feature an efficient smart calculator since users have difficulty keeping track of the price changes in various decentralized exchanges. Along with this, doing the algorithms and picking out the best trade route is hard for most crypto traders. Therefore, the smart calculator in 1Sol aims to save users from comparing the prices of various tokens or figuring out a potential trade route. Further, the calculator aims to perform the complicated calculations in milliseconds. Second, 1Sol seeks to keep users clear from conducting the technical swaps. For instance, on confirming a transaction, 1Sol swaps the tokens on behalf of the users. Above all, 1Sol seeks to allow users to maximize profits via yield farming. Yield farming strategy involves lending or staking the cryptocurrency tokens to generate increased returns and higher rewards in a crypto form.
The official token of the DEX aggregator is 1SOL. 1Sol aims to function as a one-step lending and borrowing platform. The platform wishes to be a part of theNFT trading aggregation and aggregate liquidity from decentralized over-the-counter (OTC) markets.
