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DeFi Project 1inch Seals Deal with Beefy

ByLouis Adams

Jan 13, 2023 #DeFi
Reading time: < 1 minute

Decentralized finance project 1inch Network has just partnered with yield aggregator Beefy.

Thanks to the cooperation between the two companies, the 1inch API will be used in the work of the new version of the ZAP tool from Beefy, which will allow users to earn income from the products of the aggregator by depositing any assets from their wallets into the latter.

According to Beefy developers:

“The Beefy app can display the rates offered by 1inch. The user will be able to see an estimate of how much they will receive after deducting all costs, and choose their preferred level of slippage.”

1inch API currently supports Beefy’s ZAP V2 available on BNB Chain, Polygon, Optimism, Arbitrum, Fantom, Avalanche as well as Aurora networks.

In order to celebrate the launch of the second version of ZAP during January, Beefy is offering its users the tool completely for free. However, after this grace period, a fee of 0.05% will be added to each transaction.