From 65e56d8a340930f3170c30243bdc042f781006f2 Mon Sep 17 00:00:00 2001
From: Jordan Reindl <59946208+RoundElephant@users.noreply.github.com>
Date: Thu, 18 Jul 2024 10:53:59 +0200
Subject: [PATCH] 1IP updates
Updated to 1IP-57
---
docs/governance/1IPs.mdx | 468 +++++++++++++++++++++++++++++++++------
1 file changed, 401 insertions(+), 67 deletions(-)
diff --git a/docs/governance/1IPs.mdx b/docs/governance/1IPs.mdx
index 27a5215..b121a63 100644
--- a/docs/governance/1IPs.mdx
+++ b/docs/governance/1IPs.mdx
@@ -14,7 +14,7 @@ All 1IPs that have successfully passed the Phase-4 vote. These 1IPs have already
-### [1IP-46] Commission Quarterly Research Reports with Messari Protocol Services
+### [1IP-57] 1inch Security Grant Proposal
@@ -22,9 +22,9 @@ All 1IPs that have successfully passed the Phase-4 vote. These 1IPs have already
-- **[Phase-3: Temperature Check](https://gov.1inch.io/discussion/13093-commission-quarterly-research-reports-with-messari-protocol-services)**
+- **[Phase-3: Temperature Check](https://gov.1inch.io/discussion/17338-1ip57-1inch-security-grant-proposal)**
-- **[Phase-4: Snapshot Vote](https://snapshot.org/#/1inch.eth/proposal/0x676f1c1582bbc6511f0e8432a1ed0a1772b90c01ff6932466e0aea334974679a)**
+- **[Phase-4: Snapshot Vote](https://snapshot.org/#/1inch.eth/proposal/0xdbf016740668f8e646fa9c26e583ce7909b452444aef29728e353852f7982e71)**
@@ -33,99 +33,414 @@ All 1IPs that have successfully passed the Phase-4 vote. These 1IPs have already
-**Full Proposal Description**
+**Proposal Summary**
+
-Simple Summary
-This proposal seeks funding for the 1inch Network to order (4) quarterly analytical reports from Messari for Q3-Q4’2023 & Q1-Q2’2024. Total funding value: 80,000 USDC.
-Abstract
-We propose that Messari continues to provide research and reporting services for 1inch in the form of quarterly reports. Messari is one of the most influential and respected research providers in the crypto space. One of their services is providing crypto projects with long-form research, standardized financial reporting and a platform to get important fundamental information into the hands of the broader crypto community.
+This proposal seeks funding from the 1inch DAO to improve the security position of the 1inch Network by purchasing 1inch Security, a DeFi compliance bundle soon to be available on the 1inch Dev Portal. 1inch Security consists of (1) security solutions from four market-leading providers – TRM Labs, Blockaid, Blowfish and Etherscan and (2) the services of a forensic investigator. 1inch Security will help identify and block malicious transactions, prevent loss of user funds, and protect the 1inch Network's reputation and products.
-Motivation
-The 1inch Network has ongoing, long-term cooperation with Messari. Messari has already released five quarterly reports for 1inch in 2022-2023:
-https://messari.io/report/state-of-1inch-q2-2022
-https://messari.io/report/state-of-1inch-q3-2022
-https://messari.io/report/state-of-1inch-q4-2022
-https://messari.io/report/state-of-1inch-q1-2023
-https://messari.io/report/state-of-1inch-q2-2023
-These reports are significantly helpful for members of the 1inch community and the project’s investors in terms of validation of achievements, milestones and various statistical data related to the 1inch Network’s activities.
+
-Specification
-Messari brings transparency to the crypto economy. They want to help investors, regulators and the public to make sense of this revolutionary new asset class. For this purpose, the Messari team keeps building data tools that will drive informed decision making and investment. They believe that crypto will democratize access to information, break down data silos, and ultimately give everyone the tools to build wealth.
+
-Each Messari quarterly report includes:
+
-Protocol Income Statements. Important metrics and key performance indicators are compiled and presented to provide a clear look at project’s fundamentals to view across time periods.
-Deep Quantitative Analysis. Quantitative metrics are assessed on a macro level as well on a micro level, digging deep into the numbers to provide actionable insights.
-Real-time Data Dashboards. Live dashboards are made to highlight all the data available in the report.
-Key Events Summaries. Important events, such as network upgrades and governance proposals are presented to provide a full scope of the project’s latest development.
-Messari reports have a unique distribution network:
-Newsletter. With over 350,000 subscribers, Messari Unqualified Opinions is among the most read crypto newsletters in the world.
-Messari Site & Distribution Partners. Over 500 top crypto firms and institutions use Messari Daily. Messari reports are also distributed via their own API.
-Social Channels. With 320,000+ followers and over 50 million impressions per month, @MessariCrypto is one of the leading brands on crypto Twitter.
-Messari Third Party Partners. Bloomberg, S&P Capital, and Refinitiv.
-Rationale
-Surfacing on-chain metrics and key developments
-These reports better inform existing stakeholders through recurring, data-driven research from trusted, independent analysts. The actionable insights generated from these reports will better educate them on the economic, financial, and social health of 1inch, whether it’s a surge in trading volume across a certain market or the implications of a major upgrade or governance decision. There are compounding effects to this as various stakeholders are able to leverage our work to further their goals.
+
+
-Example - Gauntlet using our assessment of interest rate optimizations on protocol revenue to further quantify the impact.
+### [1IP-56] Launch a crowd and beta testing platform beta.1inch.io Grant Proposal
-Facilitate protocol business development
-This information gets sent out to over 350,000 of our subscribers of which ⅓ comprises most of the top crypto native builders in the space. By getting high-quality information around 1inch’s mechanics and real traction, it increases the likelihood of more projects building on and integrating with 1inch.
-We’ve seen our reporting frequently end up on major DAO governance forums (deploying Uniswap on Filecoin VM and Avalanche)
+
+
+
+- **[Phase-3: Temperature Check](https://gov.1inch.io/discussion/22754-1rc-launch-a-crowd-and-beta-testing-platform-beta1inchio-grant-proposal)**
-Institutional adoption
-Existing mainstream coverage of crypto is woefully lacking. Investment banking and sell-side equity research coverage of crypto fails to paint an accurate picture of the material developments in this industry. When it comes to DeFi and even more nuanced aspects of this industry, things only get worse.
+- **[Phase-4: Snapshot Vote](https://snapshot.org/#/1inch.eth/proposal/0x859bf399fa6c45a545c13f22faa4cfb4c2de6c6b6d053fd3306227686322c96b)**
-To combat this we have spent significant resources getting onboarded to many of the largest traditional research platforms in the world, including the Bloomberg Terminal, S&P Capital IQ, and Refinitiv. This goes a long way to further professionalize the projects we work with to the vast majority of major funds, banks, financial service companies, and large corporations in the world. After reading these reports, these entities will better grasp the magnitude of economic activity generated by the protocol.
+
-There are trillions of dollars in AUM represented by the consumers of these platforms, so even a small percentage of users consuming this information and acting on it can drive meaningful activity on-chain.
+
-Distribution numbers
+
+
+**Proposal Summary**
-Bloomberg Terminal:
-325,000 users
-S&P Global Capital IQ
-12,000 enterprises
-Refinitiv
-400,000 users
-Additional stats*
+
-5 asset managers >$100b
-10 asset managers >$1b
-5 hedge funds >$50b
-11 hedge funds >$1b
-Aggregate AUM: $5.5 trillion
-12 large corporates
-Market cap: $750b
-*numbers are only from Refinitiv as we’re working with Bloomberg and S&P to get more distribution stats.
-Commitment to transparency
-Funding this type of reporting demonstrates a proactive commitment by 1inch to transparency and accountability, two core tenets of this industry. Doing so sends positive signals to prospective users, clients, and partners. Additionally, our work with regulators in DC has made it clear that this type of transparency is looked upon favorably and highlights decentralization by working with third-party service providers to execute crucial functions.
+
-Considerations
-The 1inch DAO should consider validating the 1inch Network metrics and results by a third party organization for another level of transparency. We suggest ordering these reports through Q2 2024.
+This proposal is dedicated to the launch of [beta.1inch.io](https://xcrwd.io) - platform for testing web3 projects aimed to ensure quality of projects and skill growth of participants with rewards for their work. The xcrwd.io team is seeking funding of $150K. Portion of the requested funding is intended to pay for the development, the work of the community manager, and the closure of project needs. Part of the requested amount will be directed to rewards for platform contributors.
+
+The platform is actually a synergy of 3 main components: the bugtracker, expert web3 QA community and education portal. That’s all directed to help the web3 projects to increase their products quality with the power of beta testing.
+
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+
+
+
+
+### [1IP-54] Recognized Delegates Program Renewal
+
+
+
+
+
+
+
+- **[Phase-3: Temperature Check](https://gov.1inch.io/discussion/15534-1ip54-recognized-delegates-program-renewal)**
+
+- **[Phase-4: Snapshot Vote](https://snapshot.org/#/1inch.eth/proposal/0xf85353344a7c81528ce76aaf1dfb3c5dd642b247bb66ca64b86c1ec51de8cc56)**
+
+
+
+
+
+
+
+
+**Proposal Summary**
+
+
+
+
+
+
+Renew the Recognised Delegates Program for 12 months, by allocating 100,000 USDC. This program promotes community-led governance in 1inchDAO by incentivising active participation and retaining talent.
+
+
+
+
+
+
+
+
+
+
+### [1IP-53] 1inch Events 2024 Grant Proposal
+
+
+
+
+
+
+
+- **[Phase-3: Temperature Check](https://gov.1inch.io/discussion/15519-1rc-1inch-events-2024-grant-proposal)**
+
+- **[Phase-4: Snapshot Vote](https://snapshot.org/#/1inch.eth/proposal/0xa455f437479cad77a20096c1717f2b23777f258060dd6a0d5882a9aebfaf8275)**
+
+
+
+
+
+
+
+
+**Proposal Summary**
+
+
+
+
+
+
+The 1inch Network has been an active participant in the crypto community, having participated in multiple events during 2023: sponsored 14 conferences and 8 hackathons in 13 countries on 4 continents, organized 11 networking events including 1inch event in Davos, co-hosted more than 50 side events and had speaking slots at 79 conferences. These events have resulted in tens of thousands of user acquisitions. This proposal is now seeking funding to cover our participation in 9 events during Q4 2023 & 2024 as sponsor and cover expenses for non-sponsorship speaking opportunities during 2024. All the events are crypto-related conferences or hackathons focused on developing new decentralized finance (DeFi) solutions and expanding the DeFi and Web3 ecosystem.
+
+**The list of events:**- ETH India, December 8-10 2023, Bengaluru- 1inch meetup in Davos, January 16 2024, Davos- Paris Blockchain Week, April 9-11 2024, Paris- Token2049, April 18-19 2024, Dubai- ETHCC July 8-11 2024, Brussels- Eth Global Brussels July 12-14 2024, Brussels- Тoken2049, September 18-19 2024, Singapore- ETH Global Bangkok, November 15-17 2024, Bangkok- Australian Crypto Convention, November 23-24 2024, Sydney
+
+Non-sponsorship speaking opportunities include multiple valuable conferences, hackathons and meetups where 1inch team will participate on a non-paid basis as keynote speakers, panel discussion or workshop participants. The list of these events will be created throughout the year and will be shared at the end of the year. The estimate for non-sponsorship speaking opportunities is based on 2023 budget for similar opportunities.
+**Total Grant Value $1 615 096 in USDC.**
+This amount includes: sponsorship packages, merchandise, photo & video production and all needed operational expenses. The amount for non-sponsorship speaking opportunities includes only travel-related estimated expenses.
+
+
+
+
+
+
+
+
+
+
+
+### [1IP-52] Ladder trading via the 1inch limit order protocol
+
+
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+
+
+
+
+- **[Phase-3: Temperature Check](https://gov.1inch.io/discussion/14800-1rc-ladder-trading-via-the-1inch-limit-order-protocol)**
+
+- **[Phase-4: Snapshot Vote](https://snapshot.org/#/1inch.eth/proposal/0x54310230153fd107a0be0eeaec9e9105d40831915d2d8fecd634af47d7d88478)**
+
+
+
+
+
+
+
+
+**Proposal Summary**
+
+
+
+
+
+
+[Ladder](https://github.com/svanas/ladder) is a free, open source crypto trading bot that automates the strategy of incremental buying or selling of a crypto asset (rather than opting for a single price).
+
+We will want to add support for [1inch limit orders](https://1inch.io/limit-order-protocol/) to the ladder software.
+
+
-Cost
-Total funding value: 80,000 USDC (20,000 USDC for each report).
+
+
+
+
+
+
+
+
+### [1IP-51] Extend 1inch DAO with EIP-4824
+
+
+
+
+
+
-Research
-Our analysts spend several weeks researching and writing each report, along with an extensive internal editing and review process by the broader team.
+- **[Phase-3: Temperature Check](https://gov.1inch.io/discussion/14448-1rc-extend-1inch-dao-with-eip4824)**
-Data Science and Engineering
-Each report will have its own dedicated data science and engineering resources tasked with providing all the relevant raw data. This requires ingesting large amounts of data which is housed in a data warehouse, incurring storage and compute costs.
+- **[Phase-4: Snapshot Vote](https://snapshot.org/#/1inch.eth/proposal/0xc25a02d6520fd69ae98ef10b72f3024db2e710d00d51fbc7c03581710e0b8b7b)**
+
+
+
+
+
+
+
+
+**Proposal Summary**
+
+
+
+
+
+
+An opportunity to publish an EIP-4824 compliant daoURI for 1inch DAO and join the ranks of Optimism Collective, Arbitrum Foundation, ShapeShift, Snapshot, Aragon, etc. in advancing the interoperability of the DAO ecosystem.
+
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+
+
+
+
+### [1IP-50] 1inch alternative swap interface
+
+
+
+
+
+
+
+- **[Phase-3: Temperature Check](https://gov.1inch.io/discussion/14820-1rc-1inch-alternative-swap-interface)**
+
+- **[Phase-4: Snapshot Vote](https://snapshot.org/#/1inch.eth/proposal/0x496412df4ba3db40d0c80278b463badd34a047d3d81e6490e8a7a37fe87385bb)**
+
+
+
+
+
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+
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+**Proposal Summary**
+
+
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+It is proposed to create an alternative open-source version of the 1inch swap interface.
+
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+
+
+### [1IP-49] Legal & Regulatory Compliance services to defend the rights and interests of 1inch DAO
+
+
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+
+
+
+- **[Phase-3: Temperature Check](https://gov.1inch.io/discussion/14065-1rc-legal-regulatory-compliance-services-to-defend-the-rights-and-interests-of-1inch-dao)**
+
+- **[Phase-4: Snapshot Vote](https://snapshot.org/#/1inch.eth/proposal/0x9853ef2799f65981935d96f3dbdb30756b0cee7c2a6b55ef781af6a450bbdda6)**
+
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+
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+**Proposal Summary**
+
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+Proposed services will provide 1inch DAO with comprehensive legal support to face the many challenges its decentralised nature poses. Our team will cover, among others, cross-jurisdiction regulatory compliance, contractual agreements, DAO governance framework, members' liability, legal personality, asset protection, intellectual property, enforcement of rights and defence against external claims. Our legal representation, underpinned by community-guided Power of Attorney, is meant to ensure the DAO's stability, efficiency and longevity.
+
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+
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+
+
+
+
+### [1IP-48] 1inch Network Support Grant Proposal
+
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+- **[Phase-3: Temperature Check](https://gov.1inch.io/discussion/14307-1ip48-1inch-network-support-grant-proposal)**
+
+- **[Phase-4: Snapshot Vote](https://snapshot.org/#/1inch.eth/proposal/0x30cb79005d8fade988319526464a64f447f55fb7c1a260f91219b856c6fdb200)**
+
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+**Proposal Summary**
+
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+This proposal seeks funding from the 1inch DAO for the purchase of comprehensive and dynamic support services, specifically tailored to help grow the 1inch Network ecosystem. The service proposal is designed to enhance 1inch Network customers' experiences and elevate the brand through top-tier Support services.
+
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+
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+
+
+### [1IP-47] P2P Network: Grant Request for Whitepaper Creation
+
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+- **[Phase-3: Temperature Check](https://gov.1inch.io/discussion/13988-1rc-p2p-network-grant-request-for-whitepaper-creation)**
+
+- **[Phase-4: Snapshot Vote](https://snapshot.org/#/1inch.eth/proposal/0x6c29b103bc7a845b73e1ef9e26f6b4fd534a7ff38ada2b8ac6b1b43e33fb5407)**
+
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+**Simple Summary**
+
+
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+The idea for the P2P Network System was initially conceived by the 1inch Co-Founders and shared with Boosty Labs as a desired web3 experienced development partner.
+Boosty Labs has concurred to take on the responsibility of P2P Network idea processing, system designing, and, eventually, system development.
+Here are the salient points of the proposal:
+* The Network aims to deliver a secure and practical interface for accessing the 1inch API
+* The primary objective of the Network is to forge a highly secure communication channel between users and the 1inch API, ensuring optimal data integrity and privacy.
+* An extensive P2P Network Toolkit will consist of crucial development tools such as an intuitive SDK for dApp owners and ready-to-use Sync Clients to enable secure and efficient establishment of communication channels with the P2P Network.
+* The initiative aspires to augment the 1inch ecosystem, promote broader adoption of decentralized networking solutions, and foster the advancement of decentralized applications and services.
+* By providing robust and quality solutions to user requests, the P2P network offers a significant competitive advantage over centralized solutions
+
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+
+
+
+
+### [1IP-46] Commission Quarterly Research Reports with Messari Protocol Services
+
+
+
+
+
+
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+- **[Phase-3: Temperature Check](https://gov.1inch.io/discussion/13093-commission-quarterly-research-reports-with-messari-protocol-services)**
+
+- **[Phase-4: Snapshot Vote](https://snapshot.org/#/1inch.eth/proposal/0x676f1c1582bbc6511f0e8432a1ed0a1772b90c01ff6932466e0aea334974679a)**
+
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+**Proposal Summary**
+
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+This proposal seeks funding for the 1inch Network to order (4) quarterly analytical reports from Messari for Q3-Q4’2023 & Q1-Q2’2024. Total funding value: 80,000 USDC.
-Distribution
-We have several members of the team working on distribution for these reports across all of Messari’s channels along with the third-party partners.
@@ -4176,7 +4491,26 @@ The Governance Doc of 1inch DAO should be updated through a GitHub pull request
All 1IPs that did not pass the Phase-4 vote. These 1IPs did not meet the minimum quorum, and/or a majority of the voting weight was opposed to the change:
+
+
+
+### [1IP-55] 0xCastle Research Retreat Grant Application
+
+
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+- **[Phase-3: Temperature Check](https://gov.1inch.io/discussion/16660-1rc-0xcastle-research-retreat-grant-application)**
+
+- **[Phase-4: Snapshot Vote](https://snapshot.org/#/1inch.eth/proposal/0xd4494ec9c35646e586002a00eb5398c42d06985769b8c6d2b77e91e66eeba4a1)**
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