1inch DAO 1IP-80 Reimbursement Vote Deadline

JUN

22

Event date

Sunday 22 June 2025, UTC

Event description

The [1IP-80] proposal aims to authorize a $768,026 USDC transfer from the 1inch DAO treasury to the 1inch Foundation to reimburse users affected by a October 30, 2024, supply chain attack via the compromised Lottie Player library. The attack siphoned funds due to malicious code, and this vote decides if the DAO will cover losses. The Foundation will verify victims through KYC, law enforcement reports, and loss evidence, with recovered funds returning to the treasury. This move highlights 1inch’s commitment to user trust and could influence future DeFi security standards.

Recent News

In the past three months, 1inch has faced challenges and triumphs. A March 2025 breach saw $5 million stolen, with most funds returned via hacker negotiations, showcasing proactive recovery efforts [Decrypt, 2025-06-19]. The [1IP-80] proposal, launched June 17, 2025, builds on this, with a current vote of 53.47% in favor and 46.53% against [1inchDAO website]. This reflects ongoing community debate on DAO accountability, a hot topic since the treasury’s 90% approval in 2021 [CryptoBriefing, 2021-11-17].

Future Plans

Looking ahead, 1inch plans to enhance security with improved dependency management post-exploit [1inchDAO website]. The roadmap includes deeper Sonic network integration for gasless swaps and expanded developer tools, aiming to boost adoption. These steps signal a focus on resilience and innovation, potentially attracting more users to the ecosystem.

Onchain Data

Specific onchain metrics for this event are not yet fully detailed, as the vote is ongoing. However, 1inch’s transaction volume remains robust, with the network processing millions monthly, per Etherscan data. Post-reimbursement, treasury reserves will dip, but the return of recovered funds could stabilize finances, a key factor for tokenomics enthusiasts to watch.

Community Sentiment

X sentiment is mixed but engaged. Supporters like @GaryAI_Fun cheer the user-focused approach with celebratory GIFs [X, 2025-06-18], while skeptics question DAO liability, with some calling it a “moral hazard” [X discussions]. Influencers highlight the precedent this sets, with positive nods to 1inch’s transparency, though debates on funding sustainability persist.

Additional Insights

This event occurs amid a bullish DeFi market, with total value locked (TVL) rising 15% in Q2 2025 [CryptoEconomy, 2025-06-19]. Competitors like Uniswap face similar security pressures, making 1inch’s response a potential differentiator. Users benefit from potential refunds, but the process requires effort (KYC, reports), balancing accessibility with compliance. Risk Disclaimer: Crypto investments carry volatility; verify all claims before acting.

Stay tuned as this vote could redefine DeFi governance!

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1inch (1INCH) Events List

SafePal Monthly Community Livestream

The livestream, airing on X and YouTube, aims to foster transparency and engagement, offering insights into the $2.1 trillion crypto industry. Attendees can expect discussions on market dynamics, upcoming SafePal features, and real-time Q&A with top-tier guests. The inclusion of a prize giveaway taps into the growing trend of incentivized participation, potentially boosting community involvement. This event is a golden opportunity for both new and seasoned users to learn from experts and connect with the project’s vision.Recent NewsOver the past three months, SafePal has made strides in enhancing its offerings. The mid-year promotion in June 2025 introduced exclusive discounts and a lucky draw, celebrating upgrades like the EAL 6+ security chip for hardware wallets. This move reinforces SafePal’s commitment to user safety, a critical factor as crypto adoption grows. The project, backed by major players like Binance and Animoca Brands, continues to expand its global reach across 200+ regions.Future PlansLooking ahead, SafePal is focused on innovation and user empowerment. Plans include expanding wallet features, such as enhanced cross-chain swapping and centralized exchange mini-programs, to streamline crypto management. The project also aims to deepen community engagement through more Discord-based activities and tutorials, positioning itself as a go-to resource for beginners and advanced users alike.Onchain DataSpecific onchain metrics for SafePal, such as transaction volume or staking activity, are not readily available from current public analytics platforms. However, the broader stablecoin market shows significant weekend transaction volumes averaging billions daily, highlighting the 24/7 nature of crypto activity that SafePal’s solutions support. This context underscores the project’s relevance in facilitating seamless asset management. Community SentimentX reactions to the event are buzzing with excitement, with users praising the lineup of speakers and the prize incentives. Comments highlight anticipation for market insights and product reveals, though one user raised a concern about a 46-day unresolved wallet issue, suggesting a need for improved customer support. Overall, sentiment leans positive, with influencers noting the event’s potential to deliver valuable alpha.Additional InsightsAs competitors like Ledger and Trezor push hardware wallet innovations, SafePal’s focus on simplicity and security sets it apart. The livestream could influence market perception, especially with its emphasis on user-driven development. New users benefit from educational content, while veterans gain strategic insights. Note that events involving prizes carry a minor risk of heightened volatility or scam attempts - always verify participation details.

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