Blockaid and 1inch Partner to Enhance Security Across Multiple Chains
Web3 security provider Blockaid has announced a partnership with DeFi project 1inch.
The two have launched a privacy-preserving module that simulates transactions without sharing every transaction and signature request with external parties.
Therefore, 1inch will integrate Blockaid’s security features into its ecosystem to improve user protection against fraud and cyber threats across the Web3 space.
According to the press release shared with Cryptonews, 1inch Shield is a comprehensive security solution. Thanks to it, scam tokens posing as legitimate assets will now be instantly detected and marked, it said.
This enables users to avoid transacting with fraudulent tokens.
The Shield API (application programming interface), as an all-in-one solution, will gradually be integrated into 1inch products.
Additionally, it can also be integrated into any Web3 application, including dapps, wallets, and exchanges.
“By integrating these features into the 1inch ecosystem, millions of users will receive real-time warnings about potential security risks associated with their DeFi transactions,” the companies said.
The Blockaid integration will be available to all 1inch users.
It will support major chains, including Ethereum, Base, BNB Chain, Polygon, Arbitrum, Optimism, Avalanche, and more.
The @1inchWallet's Portfolio feature now supports Arbitrum, Gnosis, Optimism, and Base on Android!
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