{"id":45284,"date":"2021-06-30T18:16:46","date_gmt":"2021-06-30T15:16:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45284"},"modified":"2025-08-31T21:01:43","modified_gmt":"2025-08-31T18:01:43","slug":"1inch-unveils-new-governance-voting-system-for-protocol-settings","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/1inch-unveils-new-governance-voting-system-for-protocol-settings\/","title":{"rendered":"1inch unveils new governance voting system for protocol settings"},"content":{"rendered":"<p>The liquidity aggregator from decentralized exchanges 1inch launched a new governance voting system for protocol settings, which will complement the <a href=\"https:\/\/u1f987.com\/en\/news\/defi-project-1inch-launches-its-namesake-governance-token-with-a-portion-distributed-to-users\">token \u201cinstant governance\u201d<\/a>.<\/p>\n<p>In the developers&#8217; view, the 1inch Network Governance system will offer a more transparent and convenient way to propose changes to the ecosystem and vote on them.<\/p>\n<p>It comprises three stages, with all initiatives divided into four categories: the aggregation protocol, the liquidity protocol, the limit-order protocol, and general proposals.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"576\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1inch-1024x576.png\\\" alt=\\\"1inch unveils new governance voting system for protocol settings\\\" class=\\\"wp-image-140800\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1inch-1024x576.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1inch-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1inch-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/1inch-1536x864.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/1inch.png 1600w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Data: 1inch.<\/figcaption><\/figure>\n<p>First, a user publishes a detailed description of the proposal for community discussion.<\/p>\n<p>After successful completion of the first stage, the author formats the proposal in accordance with the <a href=\\\"https:\/\/gov.1inch.io\/t\/1ip-0-1inch-proposal-template\/1972\\\">standards<\/a> of the 1inch Improvement Proposal (1IP) and initiates the voting process, which lasts five days. The proposal will move to the next stage if the majority votes in its favour.<\/p>\n<p>In the third stage, an off-chain vote takes place. Participants may include not only 1INCH stakers, but also holders of the project\u2019s tokens on the Ethereum or Binance Smart Chain networks.<\/p>\n<p>For the proposal to be adopted at the final stage, it must accumulate at least 4 million 1INCH tokens within seven days. The authors of the 1IP are responsible for conducting the votes.<\/p>\n<p>In April, the developers of the aggregator <a href=\"https:\/\/u1f987.com\/en\/news\/1inch-team-unveils-the-1inch-network-ecosystem\">unveiled an ecosystem for safe and efficient operations of the 1inch Network<\/a>. It is governed by a decentralised autonomous organisation, enabling users to vote on key protocol parameters and participate in network governance.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The liquidity aggregator from decentralized exchanges 1inch launched a new governance voting system for protocol settings, which will complement the \u201cinstant governance\u201d token.<\/p>\n","protected":false},"author":1,"featured_media":45285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1487,1093],"class_list":["post-45284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-1inch","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=45284"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45284\/revisions"}],"predecessor-version":[{"id":45286,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45284\/revisions\/45286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/45285"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=45284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=45284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=45284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}