DeFi project 1inch Network has integrated liquidity pools of Opium Protocol cryptocurrency derivatives platform into its decentralized implementation. This was reported to ForkLog by team representatives.

“Crypto derivatives, a promising segment of the DeFi industry, cooperation with Opium will open up new opportunities for 1-inch users,” said Sergey Kunz, co-founder of the project.

Liquidity pools are connected to the 1-inch application via the Opium API. Related transactions are processed by the platform’s smart contract.

Derivative pool liquidity providers earn revenue from fees paid by instrument buyers. Based on performance at launch, the Turbo 1INCH pool’s annual return on Ethereum is estimated at 8.9%, according to the developers.

Recall that in April 2022, the developers integrated into the 1-inch Wallet wallet a service for purchasing cryptocurrency for Transak fiat.