🦄⚖️ We’re happy to introduce an extremely significant update to 1inch Governance!

🔥 The 2nd stage of the 1inch DAO Treasury proposal implementation is live and we’re halfway through the road towards full decentralization!

📯 Let's start the festive procession as we're rolling into Stage 2!

✅ The end-goal of it is for the 1inch Network protocols and the 1INCH token to be completely decentralized, owned and governed by the DAO.

➡️ More info: https://blog.1inch.io/the-road-to-decentralization-ddee58d3b198

⏰ Quick reminder: The first stage was kicked off in December 2020. 🎯 The goal was to launch the decentralization process by giving community members direct control over specified protocol settings via the Instant Governance UI.

🔗 Read more

🙏 A huge thanks to all who took the time to participate in the Stage 1 and Stage 2 1IP discussions of the 1inch Network DAO Treasury on the forums!

💰 A Gnosis Safe smart contract wallet with multi-signature (multisig) functionality on the Ethereum mainnet has been created — this address functions as the 1inch Network DAO Treasury.

👥 12 multisig owners have initially been selected by the 🏢 1inch Foundation from the core contributor team and other well-known projects such as Tornado Cash, Synthetix, Opium, NEAR protocol, and zkSync, to name a few.

🖥 With the incorporation of this Treasury upgrade, 🎁 referral rewards remain unchanged and will still be paid out in their source token on the chain they were earned.

☝️ However, the part of the revenue stream that previously went towards Governance rewards distribution, will instead 📥 be sent directly to the newly formed Treasury in the form of USDC on the Ethereum mainnet.

⚙️ In June, 1inch rolled out the integration of Snapshot into the governance process.

🗳 This upgrade makes it possible for governance participants to vote in a gasless fashion off-chain and delegate their voting weight to other addresses.

🧠 The rationale behind these voting changes is that they ensure that 👤 individuals with direct control over the protocol have a vested interest in its long-term success, while also limiting the power of backers and core contributors.

✌️ All 1inch Network contributors have never been more excited about the future of the 1inch Network. The goal is to iterate on the governance processes and move towards total decentralization.

😉 So, please be sure to stop by our governance forum and join the discussion!

📣 Here comes the last 1inch governance rewards weekly update!

🔷 ETH: collected more than $680K (175K 1INCH tokens) 🎉🥳

🔶 BSC: collected more than $226K (58K 1INCH tokens) 🎉🥳

🛡 As security is one of the most urgent concerns in the DeFi space, we at 1inch have always paid special attention to it.

👨‍💻⤵️ Learn more on how 1inch protects users’ assets against any security breaches: https://blog.1inch.io/how-1inch-ensures-the-security-of-users-funds-2581bee97d8e

🏴 HERE COMES THE MOST LEGENDARY DROP YOU'VE EVER WITNESSED IN DEFI!

🦄✨ 1inch Foundation is launching the Black Friday Week during which participants will collect 500K 1INCH tokens!

🗓 End: Nov. 26

‼️ Read this blog post before entering: https://blog.1inch.io/the-1inch-foundation-announces-black-friday-week-d32c30d4f914

📣 ETH burned weekly update 📣

🦄🔥 1inch now takes 8th place in the TOP-10 of the ETH Burn Leaderboard!

🔷 Ether burned over the last 7 days - $5.6M (1314 in ETH)

🔷 Ether burned in total - $56M (14.4K in ETH)

🦄💰 Since its launch last week, the 1inch DAO Treasury has already surpassed the first $1M in funds collected for the 1inch Community's future needs!

🙃 Sounds awesome, doesn’t it?

🤯 We never thought that 1inch would achieve this golden milestone in such a short period of time. 👊🦄 $100B IN TOTAL TRADING VOLUME ON THE ETHEREUM NETWORK!

Congrats to all 1inch Community participants 🎊🎉

🔗 http://dune.xyz/1inch

📣 ETH burned weekly update 📣

🦄🔥 1inch still takes 8th place in the TOP-10 of the ETH Burn Leaderboard!

🔷 Ether burned over the last 7 days - $5.4M (1296.33 in ETH)

🔷 Ether burned in total - $61.4M (15.6K in ETH)

🎯 Hell yeah, we nailed it!

🦄🎊 The 1inch team is excited to announce a successful closure of a $175M series B funding round from institutional investors, led by Amber Group.

🙌 Among about 50 investors that participated in the funding event are Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital and Gemini Frontier Fund.

✅ The addition of several dozen new participants to the 1inch Network is set to lead to further decentralization of the 1inch DAO, making it more democratic by allowing everyone's votes to matter.

💰 Initially, the investment target was set at $70M, but, following several developments in the space and a huge demand from valuable backers, a decision was made to 📈 increase it to $175M.

🪄 The funding will facilitate navigating in the regulatory space for DeFi in Europe and the US in a bid to onboard institutions into 1inch Pro, a compliant product for institutional customers.

🛠 The raised funds will also be spent on building new 1inch protocols, expanding the utility of the 1INCH token and scaling up the contributor team.

👥 Over the next few years, the team is expected to more than double in size.

🗓️ In December 2020, the 1inch Network attracted $12 mln from several major investors, including Pantera Capital, ParaFi Capital and Nima Capital.

In August 2020, $2.8 mln was raised from a group of institutional investors led by Binance Labs.

➡️ Read more: https://blog.1inch.io/the-1inch-network-closes-a-175-mln-series-b-round-e22d572754ae

😱 We almost hit $1B in 24h trading volume on the Ethereum Network yesterday!

🔥 THIS IS HUUUGE! 🔥

🦄 Another important milestone on the path to becoming tha King of DeFi.

🔗 https://dune.xyz/queries/1203/2052

🌊 Welcome the November batch of gas refunds + 🏴 Black Friday token distribution!

🔥 1.4M of 1INCH tokens have already been paid out under the 1inch Gas Refund Program 🔥

💸 5K vouchers with a value of 100 1INCH each have been sent to Black Friday participants.

‼️ The program will run until a 10M 1INCH mark is reached.

⚠️ Quick reminder: to be eligible for monthly gas refunds, a 1inch user needs to stake 1INCH for the entire period between their first swap of the month and the day of gas refund distribution.

🙌🌈 Woah, just check out how many wallet addresses receive 1inch gas refund each month. 🤑 Looks awesome!

📣 ETH burned weekly update 📣

🦄🔥 1inch still takes 8th place in the TOP-10 of the ETH Burn Leaderboard!

🔷 Ether burned over the last 7 days - $5M (1176,27 in ETH)

🔷 Ether burned in total - $66.5M (16.8K in ETH)

🔥 Behold! 🎰 A perfect combo of the most secure and profitable solutions in one single announcement!

🥳 We’re happy to share that the 1inch dApp has been added to Ledger Live app.

The 1inch dApp available through Ledger Live enables users to exchange one crypto for another at the 📊 best rates while enjoying the 🛡 safety of their hardware wallets.

✅ One major advantage of using Ledger is that users’ 🔑 private keys are tightly 🔒 secured within their Nano hardware wallets, guaranteeing a hack-proof experience when managing crypto belongings.

🦄🔒The combination of Ledger Live and the 1inch dApp opens to Ledger users a gateway to the Web3 galaxy.

✳️ For instance, they can buy ETH at the most attractive rates via 1inch and then stake the tokens with Lido.

➡️ More info: https://blog.1inch.io/the-1inch-dapp-added-to-ledger-live-d347474e1952

🖌🖼 Meet another creative collab in the DeFi space!

📢 We are thrilled to announce a large-scale NFT collaboration between the 1inch Network and Parts of Four (P4), one of the largest independent luxury jewelry brands in the world.

A joint collection by 🦄 1inch and 💎 Parts of Four will debut as a Mystery Box drop on Binance NFT Marketplace on Dec. 13.

🧐 The NFT collection of digital jewelry is based entirely on the Parts of Four catalog, employing an alchemy-based NFT approach.

🎮 Btw, the collection will also be part of a game focused on acquiring and forging rare wearables, usable in every way across P4’s upcoming Greater Metaverse.

😎 In total, 22K NFTs of 31 versions will be minted across 7 levels of sophistication. The NFTs will be offered at 25 BUSD each.

🌀 The P4 Metaverse expansion will begin with a simple ERC-20 community token, P4C and quickly move towards an NFT platform based on BSC, enabling users to acquire, forge, and merge Parts of Four NFTs.

🌐 The Parts of Four ecosystem is set to promote interaction with the physical world via embedded tech, AR, and bi-directional swaps via the P4 platform.

🌈🙌 The 1inch and P4 collaborative NFT collection will be featured prominently on P4’s future NFT platform as a harbinger of its principles and aesthetic.

➡️ Read more: https://blog.1inch.io/1inch-launches-collaboration-with-parts-of-four-dd209cb15631

📣 ETH burned weekly update 📣

🦄🔥 1inch still takes 8th place in the TOP-10 of the ETH Burn Leaderboard!

🔷 Ether burned over the last 7 days - $2.9M (708,68 in ETH)

🔷 Ether burned in total - $69.5M (17.5K in ETH)

😱🦄 30 days since its launch, the 1inch DAO Treasury has successfully raised $3,5M!

🙌 That’s an awesome opportunity for you guys to make 1inch even greater than it is.

👉 Create your proposals here: https://gov.1inch.io/

⚡️ BREAKING 🤖 The 1inch Foundation will sponsor Skynet and the rise of machines!

🤡 Just kidding 🤡

🦄🌐 We’re happy to announce that the 1inch front-end is now deployed to Skynet with full support for Homescreen.

🖥 With Homescreen, users can load their saved versions of the site to access the 1inch protocol. 🙌 As a result, there is no central hosting provider and, consequently, no single point of failure. 💢 Lately, Web3 and DeFi have been struggling with a solution for properly decentralizing their front-ends.

🦾 1inch is changing this, acknowledging that users deserve to have control over how they access and interact with DeFi protocols.

🕸 For Web3 to be fully decentralized, its apps need to be hosted on decentralized storage. 👥 DeFi teams are considering how to increase the 🛡 security of their products through decentralizing their front-ends. 1inch realizes this need and has taken such a vital step.

👨‍💻 The 1inch contributors team publishes updates using a single skylink, and when you add that skylink to your list of Homescreen apps, the latest version saves to your MySky storage.

➡️ Read more: https://blog.1inch.io/1inch-integrates-with-skynets-homescreen-29154800437

🦄🎆 Praise the arrival of 1inch Limit Order Protocol v2 in all its beauty and power!

⚠️ Spoiler: We weren’t kidding when we said that we’re embarking on a mad crusade against high gas fees in DeFi.

📝 In the new release, code was refactored, optimized and simplified, with different types of orders moved to separate files. This led to the improved user experience, as transactions became 📉 cheaper. ❤️ A few vital features were added.

⛽️🚫 Gasless limit orders for ETH:

This functionality facilitates gasless swaps of tokens into ETH.

💎 It is a unique feature that no other limit order protocol offers as it ✅ enables users who don’t have ETH to make trades with tokens that support permits. 👍 Currently, 112 tokens on Ethereum, 33 tokens on BSC and 15 tokens on Polygon support permits.

👉 To start using 1inch protocols, a user who has at least one token that supports permits, doesn’t need to buy ETH or transfer it from another exchange.

⚙️ Support for DAI-like permits ⚙️

✳️ In v1 of the 1inch Limit Order Protocol, there were already many tokens with permit support.

🙌 In v2, the list of supported permits was expanded to cover the old permit implementation, such as in the DAI token.

🌐 Optimized RFQ 🌐

The RFQ feature was optimized to become even more efficient, offering new opportunities for market makers. 😈 A market maker can now set a specific taker for a fill with a permit. This improves protection of market makers from possible abuse.

▶️ You can find 1inch LOP v2’s code on github.com/1inch/limit-order-protocol.

👇 For more on limit order functionality in general and comparisons of the 1inch Limit Order Protocol with competing solutions, check out this post by 1inch co-founder Anton Bukov: https://blog.1inch.io/anton-bukov-1inch-network-limit-order-protocols-offer-more-flexibility-and-efficiency-to-dex-6c996c81d1e4

🦄🚀 1inch successfully hits $110B in total trading volume on the Ethereum network!

😉 $200B mark is closer than you think.

🔗 https://dune.xyz/1inch

🦄 Today is definitely one of the greatest days in 1inch’s history, as we’ve just crossed another milestone, reaching 1M USERS ON THE ETHEREUM NETWORK!

🙌 This is just the beginning, guys, and we'll surely move to the next chapter.

🔗 https://dune.xyz/1inch