OTC swap feature added to 1inch dApp

OTC offers users zero-slippage trades protected from front-running.

As the 1inch Network constantly works on providing users better swap prices and a higher degree of protection, we are proud to announce the addition of the OTC swap feature to the 1inch dApp, offering zero-slippage trades protected from front-running.

Over-the-counter (OTC) trading is buying or selling crypto off-exchange to achieve the maximum degree of security and privacy.

In OTC trading, market makers compete with each other to offer the best swap price to the user. Since the price is announced upfront and fixed, usually the user gets a better average price.

Advantage of OTC trading is that the quoted price is locked in, and the user receives the exact quoted amount, with no slippage.

“There have been many inquiries about swaps without slippage — something that can’t be executed on AMMs,” says Sergej Kunz, co-founder of the 1inch Network. “In addition, there have been requests from entities that could not trade on Uniswap and similar platforms due to legal reasons and were still looking for an opportunity to trade on private licensed exchanges. The OTC swap feature will facilitate satisfying requests of this kind.”

The 1inch Network is already known for the security of its protocols, which offer a high degree of protection from front-running. However, there is always room for improvement, and we are constantly on the lookout for the most innovative solutions that could add an extra layer of protection.

The OTC swap feature works best for deals between $1K and $1M, making it a critical tool for whales who move large amounts of crypto.

The 1inch Network is always keen on improving its protocols. So, more features are coming. Stay tuned!

*For more information on what are OTC transactions, and how do they work on 1inch Network, please, check the 1inch Help Center.