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Yellow Network has taken a significant step forward in decentralized finance (DeFi) by integrating 1inch’s Fusion Swap technology into its Yellow Wallet, enabling seamless cross-chain token swaps with built-in fee protection. This enhancement provides users a streamlined, cost-efficient, and highly secure method for executing transactions across multiple blockchain ecosystems.
What is Yellow Network?
Yellow Network is a Layer-3 peer-to-peer (P2P) trading protocol designed to revolutionize the way decentralized markets operate. By utilizing state channels and smart clearing mechanisms, Yellow ensures rapid, secure, and low-cost transactions. It also reduces reliance on traditional intermediaries. Its network of brokers forms a decentralized trading system. That enables greater liquidity synchronization and more efficient price discovery.
With a focus on scalability and interoperability, Yellow Network aims to create a truly decentralized financial infrastructure. Here, traders can execute orders with minimal friction. The Yellow Wallet serves as a core component of this vision. It provides users with a self-custodial solution for managing their digital assets while interacting with various DeFi services.
1inch Fusion Swap: A Game Changer for Cross-Chain Swaps
As a leading DEX aggregator, 1inch sources liquidity from multiple decentralized exchanges. That ensures traders receive the most competitive rates across different blockchain networks. The integration of Fusion Swap technology into Yellow Wallet enhances users’ trading experience by:
- Optimizing swap rates through intelligent routing across numerous liquidity sources.
- Preventing front-running and sandwich attacks, which are common concerns in DeFi trading.
- Enhancing efficiency by executing trades via a specialized order execution system.
With this integration, Yellow Wallet users can now swap tokens directly within their wallet balance across multiple blockchains. The process is intuitive: users simply select the token they wish to exchange in the “From” field and specify the desired token and blockchain in the “To” field.
User Experience and Fee Transparency
First-time users must approve each token before initiating a swap to ensure smooth functionality. Once approved, transactions execute with a simple click on “Execute Swap.” For transparency, it displays estimated fees before the swap is finalized.
A Yellow Network representative explained: “Users are only charged for successful transactions, and there are no fees for failed swaps. If a swap isn’t executed within 10 minutes, the funds are fully refunded.”
Additionally, the wallet provides a transaction history feature, allowing users to track their last 10 swap transactions. It categorizes them as either same-chain or cross-chain transactions. Each record includes detailed status updates, ensuring users have full visibility over their trading activity.
Regional Availability and Asset Management
While this upgrade greatly enhances the functionality of Yellow Wallet, the service is not available in certain jurisdictions, including the United States, Iran, North Korea, and other sanctioned territories. It strictly prohibits attempts to bypass these restrictions using VPNs or other methods.
For users who do not immediately see their swapped tokens in the wallet, Yellow Network advises using the “Import assets” feature, which allows them to manually add assets by entering the token’s contract address.
The Future of Yellow Network and DeFi Innovation
By integrating Fusion Swap technology, Yellow Network strengthens its commitment to building a more efficient and decentralized trading ecosystem. As DeFi adoption grows, the ability to seamlessly exchange assets across different blockchain networks will become increasingly essential.
This upgrade positions Yellow Wallet as a powerful and user-friendly tool for traders seeking secure, fast, and cost-effective cross-chain swaps, further solidifying Yellow Network’s role in the evolution of decentralized finance.
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