1inch collaborates with Klaytn’s Kaikas wallet in South Korea

By Gloria Mathias

1inch Network has announced an integration with Kaikas, a non-custodial digital wallet from Klaytn, a Web3 ecosystem in South Korea.

Kaikas is a popular wallet for managing and storing digital assets in South Korea. It was launched in June 2019 by the IT conglomerate Kakao. This public Level 1 blockchain now hosts more than one billion transactions across over 300 dApps.

With activities ranging from participating in the Bank of Korea’s CBDC pilot to driving innovative Web3 projects, Klaytn Foundation actively contributes to blockchain’s mass adoption. In their ongoing efforts, Klaytn continues implementing innovative solutions, such as integrating the 1inch API into the Kaikas wallet to enhance its usability.

“The integration of the 1inch Network’s leading DEX aggregation capabilities within the Kaikas wallet will provide users with a seamless way to swap between tokens on the Klaytn network, allowing them to easily experience the entirety of Klaytn’s vibrant ecosystem,” said Dr. Sam Seo, Representative Director of Klaytn Foundation. “Improving the wallet’s UX is key to mass adoption, and we’re excited to be working with one of the best in the industry to advance this goal.”

“We are excited to start powering swaps in the Kaikas wallet, further strengthening our partnership with Klaytn Foundation and addressing the increasing swapping demands of South Korean users,” adds Sergej Kunz, co-founder of 1inch Network. “As more and more people recognize the vast potential of DeFi, we are striving to provide both elegant and user-friendly solutions.”

With the 1inch Swap API, Kaikas wallet users will get the best swap rates and the most efficient swap routes. The 1inch Swap API is powered by Pathfinder, a discovery and routing algorithm which ensures gas cost optimization and top-tier atomic swap execution through multiple routes. As a result, when just choosing the ‘Swap’ option in a wallet, Kaikas users gain access to a powerful DeFi tool that elevates their trading experience.