1inch's Shared Liquidity Layer Aqua Goes Live

1inch has opened Aqua, its shared DeFi liquidity layer, to all users, eight months after releasing it to developers only. "he protocol went live on Tuesday across 13 EVM chains, among them Ethereum, Arbitrum, Base, BNB Chain and Robinhood Chain. A front end had originally been slated for the first quarter.

Billed as "the foundation for scalable, capital-efficient DeFi," Aqua works as a registry rather than a pool. A provider approves a token balance and creates positions that draw on it. Tokens are never deposited into a contract; when a swap matches a position's terms, the protocol pulls them and returns proceeds and fees atomically. Approvals are set per token and per chain, and can be revoked.

Every swap on Aqua is executed by a "verified counterparty," which 1inch defines as "a market maker or arbitrage bot that has been verified," with the check "enforced on-chain at swap time." 1inch calls it the first risk-controlled liquidity venue and part of a shift toward "risk-controlled and regulated DeFi." When Aqua reached developers in November, the company said anyone could interact with a position to execute a swap.

Source: https://decrypt.co/374533/1inchs-shared-liquidity-layer-aqua-goes-live