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Four teams won prizes at ETHGlobal New York for building on 1inch Aqua during a 36-hour hackathon. **Winners:** - **RiverSwap** ($2,000): Auctions the right to set LP fees, with winners capturing the fee. Liquidity remains in wallets via Aqua instead of being pooled. - **Lotus** ($2,000): A directional liquidity primitive where deposits span ascending price bins. Takers buy from the cheapest first, and proceeds cannot re-enter the market. - **TenorFi** ($1,000): Allows traders to lock in fixed funding rates on perpetuals. Aqua pulls the premium just-in-time each hour with zero upfront collateral. - **Ballast** ($1,000): Quotes prices as if holding more capital than it does. Uses Chainlink feeds to cap trades at fair value, protecting LPs from being picked off.

The trend is clear: **more financial assets are migrating onchain**, creating a ripple effect across the ecosystem. **Key implications:** - Increased liquidity across blockchain networks - Greater diversity of asset types available onchain - More trading routes and pathways for capital flow - Growing demand for robust infrastructure to support usability As real-world assets continue their onchain migration, the volume of transactions needed to service, trade, and manage these assets expands proportionally. This creates an urgent need for infrastructure capable of handling the increased load. The shift represents a fundamental change in how financial assets are managed and traded, requiring scalable solutions that can accommodate growing complexity and volume.

**Historic tokenization milestone**: Ondo Finance's SPCXon token, representing SpaceX's $1.75 trillion IPO, became available for swapping on 1inch the same day as the public offering. **Key details:** - Largest IPO in history now accessible on-chain - Direct access for Latin American users without traditional brokers - Token available through [1inch](https://1inch.io) decentralized exchange - Represents shift toward 24/7 tokenized securities trading The tokenization demonstrates DeFi's capability to provide immediate access to major financial events, bypassing traditional intermediaries and geographic restrictions.

**DeFi yield mechanisms are facing significant challenges**, according to 1inch CFO Chaeho Shin, who spoke with Cointelegraph CEO Yana Prikhodchenko at ETHConf. **Key points discussed:** - Current issues plaguing DeFi yield generation - Problems with liquidity locking mechanisms - Alternative approaches to traditional DeFi liquidity models Shin emphasized that **it's time to move away from locking DeFi liquidity**, suggesting the industry needs new frameworks for sustainable yield generation.

**1inch has published insights on the convergence of DeFi infrastructure and tokenized asset ecosystems.** The blog post examines how decentralized finance protocols are adapting to support the growing tokenized asset market. This development signals the protocol's focus on bridging traditional assets with DeFi infrastructure. **Key implications:** - Infrastructure evolution to accommodate real-world asset tokenization - Potential expansion of DeFi use cases beyond crypto-native assets - Integration challenges between traditional finance and decentralized systems The post follows broader industry trends around omnichain liquidity and cross-chain asset movement, suggesting 1inch is positioning itself at the intersection of traditional and decentralized finance. [Read the full blog post](https://1inch.com/blog/post/defi-infrastructure-meets-tokenized-asset-ecosystems)