1inch Exchange: Decentralized Exchange Aggregation with Anton Bukov
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | RSS
A decentralized exchange, usually referred to as a DEX, is a platform for exchanging cryptocurrencies. Depending on trading volume for different coins, some DEXs are more liquid than others. On the one hand you can freely swap unlisted tokens and maintain full control over your private keys and wallet information. On the other hand, without the right supply and demand it’ll be difficult to swap a particular coin at the right price.
1inch Exchange is a decentralized exchange aggregator that can split a single trade transaction across multiple DEXs. Their Pathfinder API ensures users get the best price by using a discovery and routing algorithm to find the best possible paths for token swaps and then splits the swap across multiple exchanges and market depths of the same exchange. 1inch uses multiple liquidity sources, including private liquidity providers, to ensure there is sufficient liquidity for all swaps on their platform. If the rate of a trade becomes more expensive than the user has confirmed from the UI, the algorithm can cancel part of the route and simply return the unswapped tokens to the user’s wallet.
In today’s episode we talk with Anton Bukov, co-founder of 1inch. Anton was previously a senior smart contract engineer at NEAR Protocol and chief blockchain engineer, consensus researcher at MultiToken. We discuss the pros and cons of decentralized exchanges, splitting cryptocurrency swaps across multiple exchanges with 1inch Exchange, and the growth of decentralized finance.
Sponsorship inquiries: firstname.lastname@example.org
Transcript provided by We Edit Podcasts. Software Engineering Daily listeners can go to weeditpodcasts.com to get 15% off the first three months of audio editing and transcription services with code: SED. Thanks to We Edit Podcasts for partnering with SE Daily. Please click here to view this show’s transcript.
Cox Automotive transforms the way that the world buys, sells, owns, and uses cars – and they have the data to understand how the world gets from point A to point B. With brands like Kelley Blue Book, Autotrader, Dealer.com and others, Cox Automotive is hiring software engineers, data scientists, scrum masters, and other technologists to help create meaningful change in the industry. If you want to innovate in a collaborative workplace, one that values your time and work-life balance, then visit COXAUTOTECH.COM to find career opportunities at Cox.
If you have several PostgreSQL or MySQL databases running behind NAT, check out Teleport, an open source identity-aware access proxy. Teleport provides secure access to anything running behind NAT, such as SSH servers or Kubernetes clusters and – new in this release! – database instances, including AWS RDS. Teleport gives MySQL and Postgres users superpowers. Teleport ensures best security practices like role-based access, preventing data exfiltration, providing visibility and ensuring compliance. Download Teleport at softwareengineeringdaily.com/teleport
Powered by cutting-edge distributed tracing and a groundbreaking metrics database, and built by the team that launched observability at Google, Lightstep’s Change Intelligence provides actionable insights to help teams answer the question “What caused that change?” Try it today with a free 14-day trial at lightstep.com/sedaily, no credit card required.
Rookout empowers engineers to solve customer issues 5 times faster, by making debugging easy and accessible in any environment. Empower your engineers to handle the complexity of modern applications by seeing into their code in real-time, as it’s running, using non-breaking breakpoints. Try free at rookout.com/sedaily today.