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1INCH Anton Bukov officially left the daily operations of 1inch to launch a new project Second Tier
Anton Bukov, co-founder of the well-known DeFi protocol 1inch, officially announced his withdrawal from the daily operations of the platform after a seven-year journey. At the same time, he launched his own exclusive project, Second Tier.
According to Anton Bukov's official announcement, he left 1inch's daily operations because of some differences with the platform on long-term strategy and future development direction. Especially at the end of November last year, after months of trying to reach an agreement with current management, the platform team prevented him from continuing to play an active role.
He said: "At some point, my views on the next market cycle and strategic development diverged from the direction of 1inch's current management. After a long period of trying to find consensus, we realized that jointly advancing the next phase was no longer the right path."
Anton Bukov still holds 50% of 1inch
Although leaving daily operations, he confirmed that he is still the co-founder of the company and retains 50% ownership. During his tenure, Bukov played a key role in building the technical foundation of 1inch. He has led several flagship innovations, such as the 1inch Router, one of the earliest decentralized exchange aggregators.
In addition, he promoted the development of 1inch Fusion, which introduces a Dutch auction-centered price discovery mechanism in token redemption. He also enhanced the protocol's ability to de-trust cross-chain asset exchange through atomic exchange technology. At the same time, he believes that the upcoming Shared Liquidity Automated Market Maker (AMM) is also one of the key categories he helped create.
While elaborating on the reasons that led him to leave day-to-day operations, he highlighted the shift in responsibilities. Bukov's main focus has always been economic design, security and protocol architecture, but feedback from colleagues and users prompted him to intervene in operations and management matters. As a result, he spent months focusing on communication and leadership to improve the organization until he was eventually relieved of executive duties.
Second Tier aims to build the next generation of DeFi infrastructure
Today, Anton Bukov no longer has responsibilities such as product architecture, operations supervision, or protocol security for 1inch, giving him plenty of time to focus on the next project. More importantly, Second Tier is a dedicated DeFi-focused project that aims to develop an efficient and secure blockchain stack that bridges the gap between transaction execution and economic intent. With his rich experience, Second Tier's success is already beginning to emerge.
