🚨 Emergency Exit Built Overnight Saves $135M in Trapped Collateral
🚨 Emergency Exit Built Overnight Saves $135M in Trapped Collateral
🆘 Emergency exit deployed
Emergency Solution Deployed in 24 Hours
1inch built an emergency exit mechanism in a single night that processed $135.75 million in aWETH during its first 24 hours of operation.
Key Metrics:
- 58,327 aWETH converted to liquid collateral
- Thousands of users protected from liquidation risk
- Solution created for users with no other exit options
The rapid deployment provided a critical lifeline for users facing liquidation, converting their illiquid positions into liquid collateral when no alternative existed.
In the first 24 hours, $135.75 mln in aWETH was processed and 58,327 aWETH converted to liquid collateral – reducing liquidation risk for thousands of users who had no other way out. An emergency exit where there was none – built in one night. Full story below.
1inch and Hacken Host Rooftop Cinema Event During Consensus 2026
**Event Details** 1inch and Hacken are hosting the **Blockchain Rooftop Cinema Club** in Miami Beach during Consensus 2026. - **Date**: May 5, 2026 - **Location**: South Beach, Miami - **Doors open**: 6:30 PM - **Target audience**: Founders, investors, and Web3 leaders **Program Highlights** - **6:45 PM**: Panel discussion on "Digital Asset Security & Compliance in 2026" - **Panelists**: Representatives from Hacken, Global Ledger, Ethereal Labs, and 1inch - **Activities**: Partner demos, networking opportunities, and open-air cinema [Register here](https://luma.com/p4hlhi1y)
1inch Deploys Emergency Routing in Under 6 Hours to Rescue Frozen Aave ETH Withdrawals
When ETH withdrawals froze on Aave earlier this month, users faced mounting liquidation risk with no way out. **0xfluid contacted 1inch on April 19 at 21:39**, and the team deployed emergency routing by 03:10 the next morning—**a 5.5-hour turnaround**. **Key developments:** - ETH withdrawal freeze created urgent liquidation threat for Aave users - Emergency routing solution went live in under 6 hours - $100M successfully swapped out of Aave through 1inch since April 17 - Operation dubbed "WETH Rescue" by the community The incident highlights both the fragility of DeFi protocols during stress events and the speed at which teams can coordinate emergency responses. The freeze affected users' ability to withdraw their ETH collateral, potentially triggering cascading liquidations. [Learn more about the rescue operation](https://1inch.io)
MegaETH Launches on Base via Coinbase-Wrapped cbMEGA Token
MegaETH has expanded to Base through cbMEGA, a Coinbase-wrapped version of MEGA. The token is issued and secured by Coinbase, connecting MegaETH's ecosystem to the broader onchain economy. **Key features:** - Users can swap into cbMEGA on Base through 1inch from any chain - No bridging required, eliminating fragmented liquidity - Single-swap access from any holding to cbMEGA - Available in Rainbow wallet for sending, receiving, and holding The integration removes traditional bridging friction, offering a more direct path to MegaETH's ecosystem through Base's infrastructure.
1inch Launches MCP Tool for Leaner Agent Context Management
1inch has introduced **MCP (Model Context Protocol)**, a tool designed to optimize how AI agents interact with DeFi infrastructure. **Key features:** - Agents query documentation, API specs, and examples **on demand** rather than loading everything upfront - Reduces context bloat and minimizes hallucinations - Provides access to routing across **500+ liquidity sources** and **13+ chains** - Delivers the full 1inch API suite through a single connection The tool addresses a common problem in AI agent development: overloaded context windows that lead to slower performance and less accurate outputs. By fetching information only when needed, MCP keeps data fresh and relevant. [Learn more about 1inch MCP](http://business.1inch.com/1inch-mcp)