Lightspeed 1inch Co-Founder: Launching On Solana | Sergej Kunz
May 13, 2025
Sergej Kunz, co-founder of 1inch, shares insights about the company's recent transition from Ethereum to Solana. He discusses the innovative 'intent by swap protocol' that enhances order execution efficiency. The conversation dives into challenges like sandwich attacks and MEV protection, showcasing how 1inch is navigating the competitive DEX landscape. Kunz also explores 1inch's future plans, emphasizing cross-chain liquidity and their non-custodial approach. Innovations like ZenBTC highlight the growing opportunities in the DeFi space on Solana.
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OneInch's Solana Launch Approach
- OneInch launched an "intent by swap" protocol on Solana in 2022 that auctions user orders to market makers and arbitrage traders.
- This approach leverages Solana's fast block time and lowers execution costs while mitigating price impact validly.
Decentralized On-Chain Orders on Solana
- OneInch had to rethink its architecture for Solana because off-chain order sharing didn't work due to Solana's account deposit requirement.
- Announcing orders on-chain costs under $1, making the protocol more decentralized than its EVM counterpart.
Market Makers Drive Execution Quality
- Execution quality depends on onboarding more market makers for competition and liquidity.
- For large trades, OneInch reduces price impact and users can get significantly better prices and savings.