1inch DAO
Crypto governance, DeFi-style
The 1inch Network is governed
by a decentralized autonomous organization
Shape the future of finance
The 1inch DAO runs on consensus between token holders
$12M+
Treasury balance
13K+
Voting addresses
5
Protocols under control
Questions? Answers.
What is a DAO in crypto and how does it work?
A DAO, or Decentralized Autonomous Organization, is a governance system in which token holders collectively make decisions about protocols or areas within their control. In a DAO, proposals are created and voted on by the community, and the outcomes are executed by smart contracts. This ensures transparency and decentralization.
How does the 1inch DAO proposal and voting process work vs. other DeFi DAOs?
1inch uses a structured, multi-phase proposal process: Community discussion on the forum. Formalization of the idea into a 1IP (1inch Improvement Proposal). A "temperature check" poll to gauge sentiment. A Snapshot vote, where holders use their voting power to decide. Implementation if the proposal passes. Compared to some other DeFi DAOs, 1inch's process is more formal and layered, with clear templates and multiple rounds of feedback before a proposal moves to final voting.
Where do governance votes happen, and is voting gasless?
Voting takes place on Snapshot, a platform that allows token holders to vote without paying transaction fees. Casting a vote is gasless, making participation accessible. Once a proposal passes, execution involves on-chain transactions, which do require gas, but voters themselves don't pay for casting their votes.
What are quorum and proposal thresholds in the 1inch DAO?
To submit a proposal, you need at least 100,000 Unicorn Power (UP). For a proposal to pass, it must reach a quorum of 10,000,000 UP. Standard proposals have a voting period of 5 days, while signaling proposals may have shorter voting periods. These thresholds ensure that only well-supported proposals move forward.
How do I submit a DAO proposal on 1inch?
To submit a proposal: Start with a discussion in the 1inch Governance Forum to present your idea. Formalize it into a 1inch Improvement Proposal (1IP) using the official template. Post a "temperature check" poll on the forum to measure community support. If successful, create a Snapshot proposal, which requires at least 100,000 UP. If the Snapshot vote passes with quorum, the proposal moves to implementation. This process ensures transparency and gives the community multiple opportunities to weigh in.