A decentralized organization that governs the network, enabling 1INCH holders to vote for key protocol parameters.
1INCH token staked value
Protocol options under control
1INCH token feature that enables community members to easily participate, benefit and vote for various protocol settings without lengthy voting periods.Stake
Staking and Unicorn Power
1INCH holders can stake their tokens for a period between one month and two years. In exchange, they receive Unicorn Power.
1INCH stakers can use Unicorn Power to participate in network governance or delegate it to other users and to resolvers - in exchange for rewards from resolver incentive programs.
Governance implementation timeline
Phase 1: 1INCH token distribution
During this phase the 1inch Foundation is distributing its token to community members through various incentivization activities in accordance to a lockup release schedule. The goal of this phase is to create a ground community to implement DAO.
Phase 2: DAO governance launch
Instant governance: The 1INCH token's feature that enables community members to conveniently vote for various protocol settings.
Phase 3: Decentralization
The introduction of full-fledged DAO functionality by providing the community direct control over extended governance mechanisms. The end-goal of this stage is for the 1inch Network protocols and the 1INCH token to be completely decentralized, owned and governed by the DAO.