Discussion on possible 1INCH tokenomics

2.1 General Proposals
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Will add section regarding the timelocks to the OP.

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I was and is mostly focused on research and development of existing and future protocols of 1inch Network. I came here to show how discussions should be structured to present whole the range of possibilities. Hope we will find a way to meta-describe this kind of structuring for the new proposals.

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Sir,I want to tell you that even if you have such a detailed discussion, the number of participants is still not very large. Have you ever thought about why?
For example, ETH and Tezos have different teams that can put forward feasible ideas and vote. But perhaps the best way for us is the team to sort out the ideas, make a preliminary demonstration, and then put forward a discussion post.

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maybe marketing is not the team’s forte

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I Completely agree that 1INCH Devs are super busy & might not have time to actually go thro here & I think people also wanna contribute to 1INCH governance with more ideas but life is a busy thing & everyone might not have that much time to start dwelling here so often (Covid made it worse) .

This is why I think that Community Incentives are really important during the nascent stages of GOVERNANCE DISCUSSIONS like this . By rewarding them in any way we encourage & most importantly respecting their Time they giving here .

Ofcourse once we achieve a certain level of Daily frequency of discussions & all , We can Halt such system afterwards if needed to by A DAO instant Referendum

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It will be really hard to keep this rewards transparent and non-manipulatable. I believe someone would try to abuse system creating bunch of accounts and simulating discussions…

Maybe we should look at retrospective rewards distribution proposed by Vitalik and Optimism team at EthCC4 conference.

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Most people are users and investors,not a technician.In other words, if technicians come here, why don’t they develop their own or company programs? :sweat_smile: :face_with_hand_over_mouth:
Out of the subject, let’s continue to discuss these three possibilities! I still think that if possible, the combination of (2) and (3) can see great changes.
ETH has been deflationary. Why don’t we?

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Google of CEO doesn’t know Coding Language he got degree in metallurgical engineering . He just Give away Ideas & the way products of Google should be managed .

Don’t get me wrong , What I’m trying to show you here is that We just need Ideas from users & you don’t need to be Shadowy Super Coder for that . Any Idea can Spark something we’ve never seen .

Can you please post it here ?

All I got is this one RN -

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Yeah I know that we would need a Sybil resistant system to avoid such sockpuppet attacks

Zero- Knowledge proofs , On-chain credit scores/data like Ontology’s OScore protocol & other Projects like TrueFi used something on-chain loan history for Uncollateralized loans & DIDs , are they any good in your opinion ?

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Yes, that’s what I mean. We only put forward ideas and the team will collect them. After the team’s demonstration, they will put forward a more comprehensive scheme for everyone to discuss and vote.

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Can we invite some people as members of 1inch Dao?
Find the smartest and best people.

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We could call them 1inch DAO Delegates

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What’s We ??? I only See few people discussing here about tokenomics .

I don’t know what’s the Founder problem srsly & why they HESTITATE so much to put posts like this in UI so that we can pull major ideas from community [ most of them don’t even know Anton started this here]

@k06a got any answer why ? You want max community to participate in this Right ?

People are Absent in Discussion , Absent in Snapshot Votings , Is this how you run a DAO ?

All your 1IPs didn’t even reached over 100k & here you guys setting 4M as quorum ?

or We could call them whales . No thanks . Delegates is the Worst System I’ve ever seen

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“We” mean:the people who participated in the discussion.
I think Dao is really difficult at first.
PS: we need your help @Roxan Please !

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I think it’s great! Can you name some people?

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Hi founder . about option3 staker are still able to remove the staking by anytime ?

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Revised 1INCH Tokenomics Upgrade : The Next Phase

Note : This is just a Rough Summary . I don’t want the Post to be Very Lengthy , Just a little Idea you can get with it what it is all about

1. “Claim Reward by Task” Mechanism [ Applicable for Buyback & Distribute & Farming ]

In Short , Whether it’s from LP Farming or via Governance Staking users will have to Complete Certain tasks to claim their 1INCH Rewards . Check Rough Idea - 1INCH Governance REWARDS v1.0

How it’ll be useful -

  • Creating Tasks will Help rewarding Active Users Against Passive Users
  • More Participation in Governance Tasks e.g. Snapshot Votings etc.
  • Liquidity Boost if LP tasks are Enabled
  • Indirect Increment in Trading Volumes of DEX Across all chains

2. Deflationary Burning Mechanism with an Advance Usecase [ A Trigger System ]

When we say Burn it’s Pretty obvious what it’ll be . Many Projects Deploy diff type of Methods to initiate Burning of their Native Tokens .

  • Charging Deposit/Withdraw/Performance fee , Transfer Tax , BuyBack & Then Burn a %age of it
  • Burn Token to keep the Inflation in check which is great for No Hard Cap tokens
BNB burning event

When the Binance Coin was still part of the Ethereum network, Binance performed periodic Coin Burn events using a smart contract function known as burn function . The BNB burning events are scheduled to occur every quarter until 100,000,000 BNB are finally destroyed , which represents 50% of the total BNB ever issued (200,000,000 BNB).
The amount of BNB coins to be burned is based on the number of trades performed on the exchange within a 3-months period.
So after each quarter, Binance burns BNB according to the overall trading volume.

So What Exactly is a Trigger System ?

Whenever 1INCH DEX achieves a certain criteria , System will Trigger a Burn Event . This Trigger System can be considered a collection of Multiple Factors , once attained can automatically Trigger the Burn Event .

Triggers -

  1. 1INCH users Trading Milestones
Summary

Trading Milestones will depend on :

    1. Total Trading Volume of a User w.r.t to the 24hr Volume on 1inch DEX
    1. Trading Frequency = No. of Swaps made on daily/weekly/monthly basis by User
    1. Amount of a Single Swap
    1. 1inch Record Breaker [ NEW ]
    1. Trading Streaks
    1. Trading Combos [Trading LPs Directly]
  1. 1INCH DEX Overall Trading Volume
  2. We can add more ...

& Now Everytime 1INCH sets a New Record Under Point 1 & 2 , Trigger System will Activate the Burn .

Supply Reduction - DAO Shall decide by Snapshot Voting How much Supply [30%,40%,50%,60%] Must be Reduced from MAX supply of 1.5b .

Also After Every 10% Burn of Total Supply , Burn Trigger System will go under A Cool down until DAO redecides above criteria/parameters again .

3. Double Stable-Coin APY on DAO Treasury [Auto/Restake Partition/Farm]

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The Idea is to Restake the APY earnings to Higher APY Projects so that Rewards can be Maximized . Also , Part of The APY reward generated can be used to Buy a collection of Top Tokens that Provide High APY on Single Asset Staking like Cake of Pancakeswap .

We can Vote thro DAO on how much part of generated APY revenue must be used to buy such coins with high APY

This Approach is generally Safe as our Principal Amount is safely being used in Top Tier Lending Protocols while the APY generated from that can be utillized even further in Higher APY projects .

3 in 1 -

image1833×716 78 KB

TBC …

Fee [Optional]
Burn [Optional]

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That’s Pretty Nice !!!

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The combination of this series is really great.

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Today i saw this:

Suddenly feel that there are many projects in good apy, what is our unique?
I think we should make all projects use aggregators!
Just like all defi projects need oracle.

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