KEY TAKEAWAYS
- SafePal integrates the 1inch Swap API to enhance crypto swapping experiences for its users.
- Supported by major backers, SafePal offers multi-chain asset management tools for DeFi and CeFi.
- The partnership with 1inch includes a raffle for limited-edition hardware wallets to boost user engagement.
SafePal, a non-custodial crypto wallet suite, has integrated the 1inch Swap API to enhance its users’ swapping experience. This integration allows SafePal users to conduct seamless and secure crypto swaps, leveraging the capabilities of the 1inch Swap API.
Founded in 2018, SafePal is supported by notable backers such as Animoca Brands, YZi Labs (formerly Binance Labs), and Superscrypt. The platform is trusted by over 20 million users and offers a range of solutions, including hardware, software, and browser extensions. SafePal provides multi-chain and diversified asset management tools for both decentralized finance (DeFi) and centralized finance (CeFi).
Over the past five years, SafePal has developed a robust meta-aggregator for swaps. This tool enables users to select from multiple trading routes provided by various exchange providers, ensuring access to the best rates and minimal slippage when swapping tokens across more than 200 blockchains. The 1inch Swap API is now one of the options available within this meta-aggregator.
1inch Partnership and User Engagement
SafePal users can also explore the 1inch decentralized application (dApp) by connecting through the SafePal mobile wallet and browser extension. As a leading DeFi project, 1inch has been a long-time partner of SafePal, contributing significantly to the platform’s user experience.
Veronica Wang, CEO and co-founder of SafePal, highlighted the partnership’s importance, stating, “1inch has been a premier partner empowering our users in enjoying a seamless swapping experience.” She also emphasized the importance of secure cold storage for self-custody and asset management.
Raffle for Limited-Edition Hardware Wallets
To further strengthen their partnership, 1inch and SafePal are hosting a raffle for 300 limited-edition SafePal open-source Bluetooth X1 hardware wallets. Users who make a swap of at least $50 using the SafePal swap aggregator and select 1inch as the swap provider are eligible to participate. More details about the raffle can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
SafePal’s integration of the 1inch Swap API aims to enhance the crypto swapping experience by providing seamless and secure transactions for its users. This development underscores SafePal’s commitment to improving its platform’s functionality and user engagement.
Recent industry reports indicate that crypto swap aggregators are advancing through collaborative order routing and multi-chain expansion to improve user trading experiences and DeFi efficiency. This aligns with SafePal’s integration of the 1inch Swap API, which is part of its broader strategy to offer enhanced swap options and better market rates across multiple blockchains.
As per insights from Veronica Wong, CEO of SafePal, the focus on crypto security and the maturation of Web3 is paramount. This reinforces the significance of SafePal’s integration with 1inch, emphasizing secure and user-friendly solutions that align with broader trends in the crypto ecosystem.
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