1/ Good news, everyone! Two major proposals have already been implemented in the #1inch #DAO Treasury.
✅ [1IP-08]: snapshot.org/#/1inch.eth/pr…
✅ [1IP-09]: snapshot.org/#/1inch.eth/pr…
👉 Create your own proposals here: gov.1inch.io
#DeFi #crypto
✅ [1IP-08]: snapshot.org/#/1inch.eth/pr…
✅ [1IP-09]: snapshot.org/#/1inch.eth/pr…
👉 Create your own proposals here: gov.1inch.io
#DeFi #crypto
2/ From now on, the following tokens are whitelisted for the #1inch treasury collection strategy: $ETH, $WETH, $WBTC, $DAI and $USDT.
💡 This set of tokens won't be exchanged for #USDC before sending to the 1inch #DAO Treasury.
💡 This set of tokens won't be exchanged for #USDC before sending to the 1inch #DAO Treasury.
3/ 💰 [1IP-09] proposal aims to purchase $1INCH with treasury revenue when the price is lower than ~$1.50. $0.20 bands are used on either side of this buying point in order to dampen the impact that market volatility could have.
4/ 🚀 The DAO Treasury will be a net buyer of cheap $1INCH which will stimulate a potential upward pressure on the $1INCH token!
The implementation of both [1IP-08] & [1IP-09] boosts the diversification processes of the treasury funds and makes them more sustainable.
The implementation of both [1IP-08] & [1IP-09] boosts the diversification processes of the treasury funds and makes them more sustainable.
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