KEY TAKEAWAYS
- Rewardy Wallet integrates the 1inch Swap API, allowing token swaps without holding native network tokens.
- This integration simplifies DeFi by enabling gas fees to be paid with Rewardy’s native token, RWD.
- The partnership aims to enhance user experience by reducing transaction failures and offering optimized pricing and liquidity.
- 1inch and Rewardy Wallet collaborate to make DeFi more accessible and intuitive for users globally.
Rewardy Wallet has announced the integration of the 1inch Swap API, enabling users to swap tokens across Ethereum, BNB Chain, and other networks without the need to hold native network tokens like ETH, BNB, or MATIC. This integration allows users to pay gas fees using Rewardy’s native token, RWD, simplifying the process of executing swaps.
The integration aims to address one of the most frustrating aspects of decentralized finance (DeFi) by eliminating the need for users to pre-purchase gas tokens. This development reduces the likelihood of failed transactions due to insufficient gas tokens, offering a more intuitive and seamless user experience.
Built on account abstraction and a gasless user experience, Rewardy Wallet focuses on practical adoption by removing significant friction points in DeFi and everyday crypto use, particularly across Asia. The integration of the 1inch Swap API provides users with access to industry-leading aggregation and routing infrastructure, allowing for optimized pricing and deep global liquidity directly within Rewardy’s in-app swap interface.
Yoon Jeon, CEO of Rewardy Wallet, stated, “DeFi is still too complicated for most people, and gas tokens are one of the biggest reasons. By partnering with 1inch and leveraging EIP-7702, we’re removing unnecessary steps and making swaps feel as simple as any modern financial app – without compromising on self-custody or execution quality.”
Sergej Kunz, co-founder of 1inch, added, “If DeFi is to reach its first billion users, the experience must be seamless and secure. That’s why we’re pleased to partner with wallets like Rewardy that prioritize simplicity. Through the integration of our Swap API, they’re helping drive a more intuitive and accessible future for users.”
The partnership with Rewardy Wallet reinforces 1inch’s mission to unite DeFi and deliver an efficient, seamless experience for users across multiple blockchain networks. More details about this integration can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Rewardy Wallet’s integration of the 1inch Swap API facilitates gasless crypto swaps, allowing users to execute transactions without holding native tokens for gas fees. This development aims to simplify the DeFi experience and increase accessibility.
Recent industry reports indicate a trend towards gasless crypto swaps, focusing on intents-based trading and improved DEX user experiences. This aligns with Rewardy Wallet’s integration, which aims to eliminate the need for pre-purchasing gas tokens, thus enhancing the user experience.
According to Fireblocks experts, gasless transactions are seen as a transformative innovation driving blockchain adoption by removing the need for native tokens for fees. This supports Rewardy Wallet’s focus on simplifying DeFi interactions and promoting broader adoption.
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