Yes I do ! If you’re fleshing out the bad bits then it might worth a shot .
Calling out :
@Genkai.Shogun @RoundElephant @tradersnow @Natalia @3.1415r
For extra support & open suggestions
6 Likes
I don’t have a Dislike button to press after seeing how bad this proposal is written
1 Like
Oh no Roxan so sorry to hear that
I didn’t get what is wrong with the proposal?
You didn’t get the main idea? or what? or points are not clear to you?
You can just open telegram chats and read a few messages and you will find that every second question is related to staking.
If you disagree just say it and go away what is wrong
2 Likes
The process how you will be efficiently executing the Idea & DAO treasury is still not clear .
It doesn’t seem like 1IP but sounds more like a question
1 Like
Thanks @RoundElephant, that was super helpful info. For reference, I have noticed the Token Terminal team on their Discord, hopefully they can fix the issue on their end.
A dedicated dashboard to track the protocol revenue and treasury value is definitely paramount to help DAO participants make informed decisions. I think such a dashboard should include:
- Trading volume (daily/weekly/monthly view; aggregated across network by default, and possibility to see the breakdown by blockchain)
- Swap Surplus Revenue (daily/weekly/monthly view; aggregated across network by default, and possibility to see the breakdown by blockchain)
- Swap Surplus Revenue as a percentage of volume (daily/weekly/monthly view)
- DAO Treasury value (at the end of the day/week//month; possibility to see the breakdown by token hold)
I think the above points are the critical data to show initially. In addition, some nice-to-have would include some things that are mostly already available in the Dune Analytics Dashboard and some other sources, but would be good to have those in a clean format within the same governance dashboard:
- Number of daily users (and average number of daily users for weekly and monthly view)
- Number of transactions (daily/weekly/monthly)
- Average transaction value (daily/weekly/monthly)
- A graph showing the 1inch token circulating supply vs. total supply overtime
- A graph showing the 1inch token price overtime
- A graph showing the 1inch circulating market cap vs. fully diluted market cap overtime
Hopefully we can refine that and find dev applicants after @Roxan upcoming proposal to improve the process will have been ratified.
4 Likes
This post seems great for the discussion phase, – it got us all talking and thinking about what the DAO needs. We’re all working towards the same goal here and there is absolutely no need to discourage people from participating.
The next step would be formalizing it into a Phase-2 Proposal, but I don’t think we’re there yet since we haven’t talked hard numbers, or split, or implementation, etc… I agree with @ptiforka that staking is a huge topic in the Discord/Telegram/Reddit, but I also see your concerns that we should only consider diverting treasury revenue to stakers if we have a longterm goal plan for the sustainability of the DAO and the protocol.
We should use this discussion thread to discuss! 
2 Likes
i’m thinking to include this for Next Phase of Gas Refunds for stakers included to task based system . We should do experiments like this
2 Likes
We need to formulate strategy on this .
Based on Security
Based on Apy
Based on Diversification
1 Like
Hey Everyone ! Hope you all doing Great . Great to see Admins to be Proactive especially @RoundElephant who is trying really hard to build up Trust & Make DAO how it’s supposed to be …
& Users @3.1415r @Roxan @Robert @ptiforka who are Devoting their Time here . Really Grateful to have you guys here . Currently , I’ve seen A Huge demand for Gas Refund Incentives & A Staking reward system . Also we about to Hit 10 Milion on Treasury which seems a good point for a New chapter in governace .
From all the Data I’ve gathered from Numerous Projects i’ve compiled Data to see what’s the Best fit for such structures where community is incentivized & at the same time have no detremental effects over the $1inch Holdings of a User .
I think i’ll soon Materialize these concepts in detail with Separate 1IP proposals to have everyone understand & get a Glimpse of it & put them forth to gather Good feedback . Th0se are -
- Governance Participating Incentives
- Governance Developer Bidding Structure
- Governance Task Based Model
- Self Earning DAO Structure
- Sybil Attack Fair Model
- Gas Refunds V2
In my Opinion , These are the General Buliding Blocks for Optimum Governance Level & Participation
Once the DAO starts Generating Revenue , Have a Developer Reach , Supporting it’s Governance users
The possibilities are Endless …
Are you in Support of Implementing such Feaures ?
0 voters
4 Likes
The 1inch Foundation just announced another round of Gas Refunds!
I think the only difference is that the total refund is limited to $10K per person (it previously 25k 1INCH tokens).
I really like those ideas. I encourage you to formalize at least one idea into a phase-2 proposal over the next few weeks so that they’d be eligible to enter the contest we’ve set up on Layer3 (currently there are no real submissions). We have 3x 200 1INCH prizes that we’re itching to give away!
3 Likes
All this volatility is very good for the Swap Surplus revenue stream. The treasury just his $11.5M – adding $2.5M in just the last 8 days!
I wish the DAO had a treasury dashboard to show the community how much we’re kicking butt this week!
6 Likes
I think that too & if you check [ TIP ] Self - Earning DAO Engine V1.0
He also pointed out about Dashboard Analytics over DAO & also for allocations if Passed
2 Likes
@Robert @jisalazar @3.1415r @tradersnow @Belac @polaks Vote & comment out bad things on [ TIP ] Self - Earning DAO Engine V1.0
Because it includes 1inch team and staff in committee . I also want to see opinion from your side like other comm members .
2 Likes
I registered just to bring my input to that thread that seems to have stalled.
Very few protocols currently tie their success to their token through token value accrual (example curve and they do great) and I think it’s important 1inch to be one of the first to do that. Actually they did from the start but for some reason decided to drop it.
Right now the only functionallity is gas refund if you stake 1inch which is mostly symbolic functionality.
If 1inch token represents share of the protocol, the utility shouldn’t be just voting but also being able to get your fair share of the revenue.
What is the point of governing the protocol in the right path if that doesn’t get you part of the success?
I’m aware of the other thread where some additional utility is disicussed but lets face it, the only real utility people care about is profit share.
Especially in bear market it’s important to have that since people are more picky and would choose to invest in stuff that gives them their fair share.
Also value accruel to the token should increase it’s price and allow the protocol to get more bang for it’s initiatives it the native token.
It might start a good flywheel effect.
Let’s put that to vote and let the people decide shall we?
5 Likes
It’s been 12 days and no replies? Ok this thread is pretty much dead then.
What does one need to do in order to get some discussion around this and eventually a proposal to be voted on?
1 Like