Decentralized exchange 1inch (1INCH) will launch a liquidity mining program alongside an upgrade to version 1.1, according to an announcement published on Jan. 8.

• The liquidity mining program will begin its 1 month period starting on Jan. 9, supporting the following pools:  ETH-1INCH, ETH-DAI, ETH-USDC, ETH-USDT and ETH-WBTC
• 1% of the total 1INCH supply will be distributed to liquidity providers as rewards 
• The 1.1 upgrade, occurring on the same day, fixes bugs related to governance vote tallying
• Users will have to migrate their assets from existing pools to participate; the team has also released a migrator tool to help users move funds from other protocols like Uniswap and SushiSwap
• The less than a year old platform is a DEX aggregator that gives users the best prices from multiple DEXs
• 1inch is backed by Binance, Dragonfly Capital and Galaxy Digital, among others, raising $2.8 million in funding round held in Aug. 2020