I think we need first Stage-2 proposal
because we don’t know what we can do
trust 1inch community,only do it.
I like No.4 No.5 No.6 No.7
others are good,but difficulty for now！
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Ok, I like those all
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I’m thinking to join 6 & 7th Points together
& Bumping an Old Post to add some points from them .
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Only do it on LOP and make LOP big
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[1IP-1] Proposal : 1inch Trading Incentives - Discount , Swap Fee & Slippage Subsidies
Stage 2 Initiated Including -
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Rewarding Stakers of 1inch for Prolong Staking
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Trading Incentives - Cashbacks , Gas Fee & Slippage Subsidies
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Currently I’m Thinking about a Second Proposal about Pools & Staking System & Also a Community engagement rewards system … 
Founders Said it’s difficult to verify the user that will be rewarded . So , I’m trying a Way to make it happen . Trying some logics & will share it soon here once i get it done & finished for further on to Stage - 2
I’d be much more in favor of a system that incentivizes knowledgeable Uniswap community members to participate
Something like tip.cc could be used to tip community members who consistently go above & beyond to help out people who are asking questions
There needs to be a careful consideration before implementing a reward system like this because of varying amounts of effort required
Ideas -
Quantstamp (QSP): To incentivize community engagement, contributions, and new user acquisition, Quantstamp utilized their “Proof of Care” campaign. Quantstamp quantified users’ engagement based on an equation tracking “active project contribution + community involvement + wallet tracking algorithm + history of support.” Users received “POC” scores based on their engagement, and were rewarded tokens proportional to score.
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I’m proud of you！ thanks
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The 1st Feature in the Post Still have Flaws where a user can exploit by using multi addresses so we need a Sybil resistant system ( 1 person one vote even if he hold multiple eth addresses )
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Main Argument Against this Approach was that user will have to face a large gas fee for such Txn to commence .
- I think people care more about easy things & Hassle - Free Functions rather than gas fee which is evident why people Use to trade on UNISWAP even when 1inch provide them the cheapest rates thro their DEX .
So , Keeping ‘Fee’ as the main component against the Feature might not be good idea When it provides a quick solution to a mainstream problem . Also on Side Chains like Polygon & L2 Layers i think this feature can actually become more convenient for DEFI users .
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but why need Coin Conversion? 1inch become a index？ or fund？
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Let’s say you received 5 1inch Tokens from 1inch governance rewards after claiming .
Now , I don’t want 1inch tokens instead i want instant convertibility of my 5 1inch Tokens directly to my favorite tokens .
Like BNB & AAVE
So Instead of doing Total 3 - 4 Txns : Approving + Confirming each time
i.e.
Approve 1inch - Swap 1inch to AAVE or even send this eth to another ETH address
Approve 1inch - Swap 1inch to BNB
The IMC will do it All this with 1 click . This make stuff easy & saves time & that’s the sole purpose . Ofcourse , I used 2 tokens as an example to show but you can actually convert 1inch into 2 - 5 - even more tokens at once with few clicks rather than wasting 10 minutes on it . That’s the idea behind its implementation
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Feature’s Live on a DEFI project ! Pretty Similar to Binance Dust Conversion to BNB
https://youtu.be/m_cJPyB2OQ8?t=1498)
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In my opinion, first of all, we need to improve the function of 1inch.
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Hey, if ideas on this forum are implemented, is the person who came up with the idea compensated in any way?
Should I create a separate topic for this idea? And create the post in a proposal format?
We are a community. If necessary, we can propose to give token reward to the proposer of the bill.
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Yes You Guys are Right . That’s the 1st thing I actually wanted to do .
I think Before Opening a New Proposal on Snapshot , There are few more things that have to be taken care of first . Like
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Adding Live Feed of Active Snapshots which will include : Total Votes + Days Left
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Adding Live Feed Directly to 1inch DEX & iOS App
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Adding [ Stage - 3 ] Proposal Voting Stats on 1inch DEX UI/UX
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Adding some sort of XP/Trust Level System for Specific Addresses that hold 1inch & Vote in Maximum Snapshot Proposals
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[Optional] Random 1inch Rewards after a Snapshot Ends i.e.
- 2 Random Top 10 Voting Address will get >=20 1inch Tokens as reward
- 4 Random Snapshot Address will get 4 1inch Token each (Excluding Top 10)
These are just few things that can actually increase the user participation in Governance + will also increase the fair 1inch distribution
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I think it’s the No.1 Post here so if you wanna add i’ll compile it & will put your credits Under .
You can just post any idea that increase the 1inch token utilty & from Here we can directly post it for Stage - 2
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need 1inch code maker do
these two very well,the most important thing is that people need some surprises!
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I Kept it random than giving it to top 10 or top 50 so that we can keep it away from manipultation
Oh Actually it can be done easily
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