Reading time: ~ 2 m
Frontend DeFi-The 1inch Network project is deployed on the Skynet platform with full support for the Homescreen service for accessing the protocol. This was reported to ForkLog by team representatives.
The parties believe that the front-end Web 3.0 and DeFi applications remain the only centralized component of these projects. The Skynet-based solution eliminates a central hosting provider and, as a result, a single point of failure.
Homescreen, announced in September, offers a dashboard for loading saved versions. dapps to your personal storage on the Skynet network. Users can choose which version of the app to use and don’t lose access to the protocol even if the original dapp doesn’t work or is compromised.
“With a traditional frontend, there is no easy way for a user to know if an attacker has updated the code displayed in their browser. Even if he gets a warning [другие решения] do not provide access to old versions of sites that he still trusts, “- said in a press release.
1inch was the first DeFi protocol deployed on the Skynet network with Homescreen support. The project team publishes updates using a single skylink. When a user adds this id to their list of apps, the latest dapp is saved to the MySky storage.
Earlier, 1inch introduced the fourth version of the protocol for the liquidity aggregator from decentralized exchanges and announced a full transition to GIVEN.
As a reminder, 1inch Network closed its $ 175 million Series B funding round in December.
#1inch #Network #integrated #Homescreen #service #Skynet #platform