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[1IP 100] Recognized Delegate Program Renewal

By 0x5762…a752·ended 1d ago
🟠 MEDIUM
AI Summary
Plain-English read of the proposal — link to the full text below.

This proposal seeks to renew the 1inch Recognized Delegates Program (RDP) for another 12 months, allocating $220,000 USD from the treasury. It aims to professionalize DAO governance by funding up to five delegates who will actively participate, vote, and provide feedback on proposals. The program includes updated performance requirements, revised compensation tiers, and new conflict-of-interest disclosure rules.

Impact: If passed, the 1inch DAO will continue to fund a program designed to incentivize active and professional governance participation, with $220,000 USD being spent from the treasury. Delegates who meet the new, stricter performance standards will benefit from continued compensation, while the DAO benefits from more engaged and professional governance. The reduction in budget from the previous term means less treasury spending compared to the prior iteration of the program.

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Full proposal
Original markdown from 1inch

Simple Summary

This proposal seeks to renew the 1-inch Recognised Delegates Program (RDP) for another term, incorporating updated performance requirements, revised compensation tiers, stricter participation metrics, and a position cap on funded delegates.

Abstract

The Recognised Delegates Program was established to incentivise active participation and professionalise 1inch DAO governance. Building on the previous term's success, this proposal suggests renewing the Recognised Delegates Program (RDP) for 12 months and funding it with $220,000 USD. This is a reduction from the previo…

Voting results
Quorum: 167%
Yes15.14M (90.6%)
NO0 (0.0%)
Abstain1.58M (9.4%)
16.72M 1INCH voted · 24 voters
🐳 Whale votes
3 votes > 5% VP
0xea17…6676
6d ago
11.52M
68.9% · Yes
0x8247…bb40
2d ago
3.14M
18.8% · Yes
0x5762…a752
5d ago
1.58M
9.4% · Abstain