A non-profit organization that issued the 1INCH token and is dedicated to fostering the 1inch Network and initiatives that benefit the network's community.
The mission of the 1inch Foundation is to foster growth and expansion of the 1inch Network and incentivize contributions through grants and other capital deployment vehicles. The 1inch Foundation is focused on the following areas:
Engaging adopters and maximizing the network's decentralization through growing stakeowner numbers and their participation in DAO governance.
Incentivizing individual developers and teams to build on the 1inch Network's protocols and contribute to protocol evolution.
Running yield farming programs that have proven to be efficient bootstrapping tools for potential blue chips of the DeFi space, while offering users lucrative pool rewards.
The 1inch Foundation's key activity is to provide funding to entities and initiatives that contribute to long-term and sustainable growth of the 1inch Network.
Applications are initially vetted for compliance with the 1inch Foundation's formal and substantial requirements.
Applications that pass the initial review phase undergo tech due diligence and evaluation.
Applications that receive positive recommendations complete a due diligence process before final decisions to approve, decline or revise grant applications.
Final decisions on grant issuance are announced, approved applicants complete legal paperwork before grants are issued.
Research and development