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TechFlow reports that 1inch co-founder Sergej Kunz commented on the recent large ETH sale on-chain, stating that 1inch previously sold 11,000 ETH (worth approximately $21 million) to test a new feature under the Fusion mode. This feature allows custom presets to define trade duration, starting and ending auction amounts, meeting the asset rebalancing needs of DAOs, hedge funds, and investment funds.
1inch co-founder Sergej Kunz commented on the large on-chain ETH sale, stating that 1inch previously sold 11,000 ETH (worth approximately $21 million) to test new features under the Fusion mode. This feature allows customized presets to define transaction duration, starting and ending auction amounts, meeting the asset rebalancing needs of DAOs, hedge funds, and investment funds.
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