There are too many questions about DAO, because it’s the first time for us to start voting again. We need to prove whether we can pass or not!
We want to show the team and the community that we are making progress!
2 Likes
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Leverage Trading Feature in 1inch DEX Using 1inch Tokens As a Collateral
2 Likes
This is going to be VERY important in the next decade. Possibly the most important aspect of DeFi once DeFi begins collateralizing physical assets. But it will need to be a no-loss for fiat currencies more than likely.
3 Likes
New Method:
ADDING SINGLE-SIDED LIQUIDITY
(may be able to use this to help the no loss liquidity pools)
Say you provide 5 ETH to the ETH/DAI LP @ an initial price (IP) of 2000 DAI = 1 ETH.
When providing ETH for liquidity, the UI would need to provide a way for the user to enter a Target Price (TP). The TP would be used to determine when the position would become a 50/50 distribution and also determine the number of LP tokens that the liquidity provider owns. Since providing one asset with a TP would essentially give them more liquidity exposure up until the TP was reached. I feel that there is a way to somehow use a curve to extract a little from the single-sided supplier. The single-asset provider saved on gas fees, the hassle getting both assets to the same wallet, etc. So, maybe 1inch could add the single-sided collateral and just inform the user with the UX that their position will experience impermanent loss due to the position.
Now, if the Single-sided collateral moves the other direction, maybe there could be some way to just throw an exception to send the user their funds back? That would probably need to be on the UI as well.
2 Likes
NEW IDEA:
A One-Two Punch to Boost 1inch Token’s Liquidity
Adding staked LP tokens to to be used for voting on proposals (not sure if they already count as votes really). This will boost the overall liquidity of 1inch making the token more resistant to extreme volatility.
A contest would multiply the liquidity boost along with allowing LP tokens from other protocols (comprising of 1inch, ie: 1inch-xxxx-UNIv2-LP), to be staked in a 1inch smart-contract, and if at all possible be used for voting. The contest deadline would need to be 6 - 12 months from the contest start date.
Contest aimed at boosting liquidity:
“To celebrate the launch of voting with LP tokens we invite you to bring any 1inch backed LP token and stake it with us. (excluding UNIv3)”
3 ways to win!
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Use 1inch tokens to provide liquidity to 3 different liquidity pools. Stake all 3 LP tokens to 1inch. Enjoy a share of 33 1inch tokens per week, 333 1inch per month and 3,333 for those who stake LP tokens for the entire duration of the LP Staking contest. If you provide liquidity to 9 different pools, and stake all 9 LP tokens, your weight for recieving tokens is 3X.
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Create a NEW 1inch pool, on or after xx/xx/xxxx, anywhere and build it up to $150,000 worth of liquidity by/through the deadline date. All addresses within these pools will get a “fair” share of 12,345 1inch tokens.
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After the deadline date, xx/xx/xxxx, keep hodling and staking your LP tokens on 1inch. If you are staking LP tokens in one of the NEW pools created during the contest and it remains above $150,000 liquidity, the 33 1inch tokens will continue to be distributed weekly to those addresses.
A year from the contest’s deadline, if those new pools increase to $500,000 in liquidity and your LP tokens are still with us, you’ll share another 12,345 1inch reward!
What each step of the contest is aiming to achieve:
- Is getting liquidity spread out. Across DEXs.
- Would help in finding another market that is compatible with 1inch, while creating pools that can facilitate larger trades.
- Extending the end of the contest with slightly smaller incentives in the hopes of building a high-volume, unstoppable 1inch market pair.
The whole idea is really to get the supply into 1inch contracts to be able to analyze other protocols pool data, to get the 1inch token to the point where “there’s a market for that”, find out if there is maybe a few, strong market pairs for 1inch and reward liquidity providers, because without them going and adding liquidity with 1inch and “bogus token” there would be no other way to “test” something like that. It’s real world data.
2 Likes
I have checked the Snapshot code & only Staked 1inch & 1inch on - chain Raw balances are eligible to vote . I agree with you completely that LP tokens must participate in Voting Proposal & thus i initiated another proposal here
Good Idea but To bootstrap more liquidity i think we’ll also need to add some methods like Smart Staking where in few clicks you can provide liquidity to several pools in one shot . Would greatly reduce the hassle & will make it pretty unique & easy to bootstrap more liquidity on the protocol .
It actually sound pretty close to Tripple Farming with a twist .
2 Likes
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Adding the POAP Module plugin into the Space on Snapshot to help promote community participation & involvement.
The Proof-Of-Attendance-Protocol (POAP)
has been gaining a lot of momentum in the crypto collectible community. Community members who participate in the 1INCH Snapshot voting process will receive an exclusive POAP.
Setup Workflow
Snapshot space managers will be able to add the POAP plugin to their space and proposal. Once a POAP is added to the proposal, voters will be able to claim an exclusive POAP for their vote and participation. The current flow is the following:
- Add POAP plugin to Space on Snapshot.
- Create or edit a proposal to add the POAP plugin.
- Create an Event at POAP as any regular event.
- Get in touch with @readreed or the POAP team to link the event to the proposal to provide the POAP Event ID and the Snapshot Proposal ID.
User Workflow
- User votes on the proposal.
- The plugin detects the vote and displays “Claim POAP” button.
- User clicks “Claim POAP”. Then, the custom POAP is automatically sent to voter’s wallet.
Benefits
- Help promote governance participation through incentivization (vote and receive an exclusive POAP).
- Help prove an individual’s commitment and engagement to the future of 1INCH NFT Eco - System.
- Fees are negligible as POAP uses the xDAI network.
- Available metrics to show voter participation for each proposal.
- Optional: reward community participation through the POAP prize raffle system
Required resources
Resources would be needed to design and create the POAP. Preferably, each POAP should be uniquely identifiable in accordance to the proposal. It could be as simple as creating a base graphic design with unique titles for that specific proposal.
& Here Comes the Work of our Best Graphic Designer of 1inch Team to put to best use
There are many platforms, groups, and individuals getting into POAPs. Mostly, they issue POAPs to people who attend their community meetings. They also create raffles with digital and physical prizes to those who have specific POAPs. Here are some platforms who have or have plans on using POAPs:
Aave, Decentraland, SushiSwap, BadgerDAO, Fei Protocol, Yam Finance, Zapper, BrightID, NexusMutal, Rocketpool, Coingecko and so many more …
SnapShot POAP governance integrations:
3 Likes
There are more and more proposals now，which one we will vote first？
2 Likes
For Now I think we Need as much Ideas + More Discussion on each of the Topics/Features . So that we can learn about the Cons/Pros of each & then Move it to Latter stages of Voting
3 Likes
Global Notification of Voting Period
Should help with boosting the number of votes / increasing community engagement.
1inch, and EVERY forum that I am on, need to have a notification system set up.
A notification (or message) could be sent out to all community members once a proposal becomes able to vote. Also, everyone who signs up for the 1inch newsletter should also be informed of the start/end times for voting on every proposal. Those who follow 1inch on Medium, same thing. All of 1inch’s social profiles should show voting periods. You can’t just ask people to “follow twitter for…” or “click the bell to be notified of all of 1inch’s YouTube videos” or etc. etc…
On here, we’re talking about changing the world through cryptocurrency improvements. Out there, is life which seems to be constantly changing what people’s main focus is on. If our community members’ life shifts their focus, with how short the voting period is, it is extremely easy to miss a vote.
For reference, could someone please post a link to the “homepage” for 1inch voting? Everyone on this forum should bookmark it!
Thank you
4 Likes
We need this！ @Tanz0rz
2 Likes
You’re Right ! Absolutely Needed .
- They Own Shieldy Bot May be They Can Also Activate TG notification for Such Proposals
- Both iOS App & Front UI of 1inch DEX should Provide an Alert For Current Live 1IP Voting Feed
Down in these Screenshots you can see How Voting Notifications can be Shown to users :
Tip - We can also Redirect vote.1inch.io to vote.1inch.io/#/1inch.eth/proposal/QmYtrtYCxU9af8v4kvoBiPrNPz4dNZmZzMtE6YntupQ4YV
4 Likes
We are currently working on a Discord bot to help summarize governance activity to users in an easily-digestible format. There aren’t any current plans to add governance activity to the main website/apps. I think that is a great idea though. I will bring this feedback back to the team. In the meantime, a governance visibility initiative could be its own proposal! I would support it too.
4 Likes
I want to say:
We have achieved some success！1inch foundation adopted some of your ideas.@Genkai.Shogun Congratulations.Oh my god! thanks for everyone!
Link:
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if i may , please leave your wallet address, so that we can thank you for your contribution, thank you!
5 Likes
Needed to be done ASAP
Bro his Wallet Address is right there inside his Bio/Profile . Check/click on his DP you’ll see.
I think he used the same address to create all those Snapshot Proposals , so He owns it
4 Likes
Thanks! Get it! Try it!
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Why can’t we tell everyone that we have this proposal?
Same like Curve they use their twitter
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are you talking specifically about this one - Making 1inch Tokens ULTRA-USEFUL! ?
If yes, it is not a proposal yet, but happy to promote it on the media channels once it gets into stage-3
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Ok,thanks！Almost start,shall we? @Genkai.Shogun It’s time. Many twitter account retweet last news,highlight post time.
2 Likes