The Swap Layer with Sergej Kunz (1inch) | Bullish on Bitcoin Show Ep. 10

Описание: In this episode of Bullish on Bitcoin Show, Alexei sits down with Sergej Kunz, co-founder of 1inch — one of the most widely used DeFi aggregators in crypto, processing billions in trading volume across dozens of chains. From building Ethereum mining rigs in 2016, to live-streaming smart contract security audits on YouTube, to inventing intent-based trading at a hackathon in 2019, Sergej's journey is a masterclass in building from first principles.

This episode gets deep into the mechanics of how modern DeFi trading actually works — intents, Dutch auctions, MEV and sandwich attacks, cross-chain atomicity, and why most users still don't get the protection they deserve. Sergej also pulls back the curtain on 1inch Aqua, the protocol's most ambitious product yet: a full DEX replacement that turns your wallet into a liquidity venue, and what it means for LPs, market makers, and agentic trading.

TIMESTAMPS:
00:13 – Introduction: Sergej Kunz, co-founder of 1inch
00:50 – Origin story: from Litecoin mining to Ethereum rigs to live security audits
02:31 – 1inch born at a hackathon: solving the best-execution problem across Uniswap, Kyber, Bancor
03:28 – Intent-based trading: what it is, how 1inch Fusion works, and why it protects users
05:41 – MEV and sandwich attacks: how the classic DEX model exposes users to risk
09:12 – The Dutch auction mechanism: how users can get better than spot price via intents
13:00 – The over-quoting problem: why cross-chain quote honesty is harder to verify than same-chain
18:00 – Atomic cross-chain swaps: how HTLC-based intents work without bridges or intermediaries
23:00 – The competitive landscape: why 1inch sees partners, not competitors — and what the data shows
28:00 – 1inch Aqua: your wallet becomes a DEX — how the new LP model works
34:00 – RWAs as LP pairs: NVIDIA/Apple, SpaceX/GameStop, and the case for uncorrelated assets in Aqua
41:00 – The 1inch MCP and agentic liquidity: already possible today via Claude, Cursor, and ChatGPT
47:00 – Sub-wallets, quality gates, and the Agent Armada: how to give agents guardrails
57:00 – When Bitcoin on 1inch? The prototype that exists and why native BTC swaps are on the roadmap

In this episode we discuss:
Sergej's origin story: Litecoin mining on a MacBook, Ethereum rigs, live smart contract audits, and how 1inch was born at a hackathon
Why 1inch built intent-based trading in 2023 — and why it took two years for the industry to catch up
How intents protect users from sandwich attacks, failed transactions, and MEV extraction
The Dutch auction mechanism: how 1inch Fusion works and why users can get better than market rate
The "over-quoting" problem in cross-chain swaps — and why it's harder to detect than same-chain dishonesty
Atomic cross-chain swaps via intents: why 1inch's HTLC-based model is different from bridges
Why 1inch has no competitors — only partners — and what the market distribution data actually shows
1inch Aqua: not a helper tool, but a full DEX replacement where your wallet becomes a liquidity venue
How Aqua unlocks concentrated, multi-pair LP strategies across RWAs, tokenized equities, and meme coins
Why Aqua LPs earn significantly more than traditional AMM providers — and how the backtest proves it
The 1inch MCP: how agents can already manage liquidity positions via Claude, Cursor, or ChatGPT today
Sub-wallets, quality gates, and the "Agent Armada" — how 1inch thinks about agentic guardrails
When will 1inch support native Bitcoin? Sergej reveals a prototype exists and the 2027 roadmap
Full agent autonomy vs human-in-the-loop: why both have a place, and what it takes to trust an agent with real money

FOLLOW 1INCH:
Website: https://1inch.io
X: https://x.com/1inch
Sergej X: https://x.com/deacix
1inch Aqua: https://1inch.com/aqua

FOLLOW BOB:
Website: https://gobob.xyz
X: https://x.com/build_on_bob
Alexei X: https://x.com/alexeiZamyatin
BOB Gateway (instant BTC swaps): https://gobob.xyz/gateway