1inch DeFi Wallet releases v1.5.0 for staking features and EIP1559 support – 1inch Network announced in a tweet that their “legendary 1.5.0 update” for 1inch DeFi wallet is already out. In this update, 1inch finally added the highly anticipated staking feature and the EIP1559 support.
In their announcement, 1inch emphasized that the “staking feature is only available for Ethereum and BSC for now.”
To note, 1inch Network is a decentralized crypto exchange. It is one of the top decentralized exchange (DEX) aggregators. A DEX, 1inch provides smart contracts and other essential services that centralized exchanges also offer.
In addition, 1inch also had a governance upgrade just recently. It launched the 1inch Network Governance two months ago—which enabled active community participation, notably on decision-making for the protocol parameters. This upgrade made 1inc protocols more transparent and efficient in consideration and adoption of proposals.
Going back, a thread follows the tweet, which explains how you can stake $1INCH tokens to 1nch Wallet:
Furthermore, 1inch Network is keen on the upgrades that they deliver. For example, as a DEX, 1inch can positively affect the entire DeFi space. The network uses user-friendly mechanisms and ensures that they meet the expectations of users.