Key Takeaways
- Lympid and 1inch have integrated to offer Euro users access to DeFi, making it more accessible to those familiar with traditional finance.
- The integration includes the 1inch Swap API, allowing users to access multiple crypto assets directly from their Lympid EUR accounts.
- This collaboration eliminates barriers between centralized and decentralized finance, enabling everyday users to engage in DeFi activities with ease.
In the pursuit of making DeFi popular, Lympid and 1inch have announced an integration that will allow DeFi access to Euro users. This announcement is in line with Lympid’s mission and commitment to making DeFi accessible to a broader audience, including those who are only familiar with traditional finance. Through the integration of 1-inch Swap API, Lympid users will be able to access multiple crypto assets directly from their Lympid EUR accounts.
The Collaboration
With the integration of 1-inch Swap API, users will get access to decentralized liquidity with euros. There will now be a bridge between centralized and decentralized finance as users gain access to multiple crypto assets from their Lympid EUR accounts. Historically, there has been a barrier between centralized and decentralized financial systems.
Through this integration, however, that distance is expected to be bridged seamlessly. Moreover, everyday users will now be able to engage in DeFi activities through this collaboration.
Interesting to note here is that 1inch Swap API integration will provide Lympid users with a fiat-to-crypto swap option that will allow users to buy, sell, and swap tokens using EUR directly from Lympid’s platform without the complexity of crypto deposits. All in all, this integration is significant in expanding DeFi accessibility and bridging the gap between traditional finance and decentralized finance.
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