Simple Summary
Subscribe to Snapshot Pro ($6,000/year) to restore delegation voting functionality critical to 1inch governance.
Abstract
The delegation strategy that powers 1inch DAO governance has been paywalled by Snapshot. This proposal requests $6,000 USDC from the DAO Treasury for an annual Snapshot Pro subscription to maintain governance continuity.
Motivation
- Snapshot recently moved the delegation strategy to their Pro tier
- Our entire governance system relies on delegation
- Without Pro, we cannot post proposals using our established voting mechanism
Specification
- Cost: $6,000 USDC per year
- Payment: Send to Schnaps contract with metadata provided by Snapshot team:
0xe40bfeb5a3014c9b98597088ca71eccdc27ca410 - Funding: 1inch DAO Treasury
Rationale
- Critical Infrastructure: Delegation is fundamental to our governance model
- Minimal Cost: $6,000/year is less than 0.06% of the treasury
- Fair Value: We’ve been using Snapshot for the entirety of 1inch DAO’s existence but have not paid up until this point, so this cost seems reasonable
- Avoid Disruption: Migration to alternative strategies would require smart contract changes and risk participation loss
- Additional Benefits: Proposal monitoring (2hr response), priority support, delegates dashboard, enhanced visibility
Implementation
Upon proposal execution:
- Treasury sends $6,000 USDC to Schnaps contract
- Pro features activated immediately
- Annual renewal will be required