1inch Network Integrates Opium Protocol’s Liquidity Pools

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

The project co-founder Sergej Kunz has announced:

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

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

The liquidity providers of the derivatives pools receive income from the commissions paid by the buyers of the instruments. 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%.