Overview
1INCHThe passing of this proposal reintroduces staking rewards to staking. The staking rewards will be paid for by Resolvers filling orders in 1inch Fusion, and therefore, the source will be revenue buy-back as Resolvers convert their revenue to
Rewards will vary based on Resolver and fluctuate.
Previously, 1inch had simple staking with no lockups. The new structure introduces time-locked staking, creating a more substantial token sink.
The proposal introduces a new staking system for 1INCH called Modular Staking Pods. It allows users to lock their 1INCH tokens for set time periods to earn st1INCH, which provides voting power that decays over time.
The longer the lock period, the more voting power received. st1INCH can be delegated to permissionless Modular Delegation Pods for specific governance topics.
The system enables flexible reward distribution and aims to incentivize participation, align stakeholder incentives, and drive the adoption of 1inch products and governance.
Event Trackables
Updates
- Vote Passed with 100% in Favour and 10M Quorum Reached
The vote to introduce time-locked staking with Resolver-paid rewards passed with 13M votes participating. Moves onto implementation phase.
1IP-11: 1inch Staking Pods Snapshot Vote
snapshot.org - Snapshot vote for 1IP-11 Goes Live
Vote to revamp staking goes live. The vote will last for 5 days.
1IP-11: 1inch Staking Pods Snapshot Vote
snapshot.org - 1IP-11: 1inch Staking Pods Forum Discussion
Proposal discussion posted in the 1inch Governance Forum
1IP-11: 1inch Staking Pods Governance Post
gov.1inch.io - Event created