1inch DAO Voting Deadline: [1IP-78] Protocol Upgrades

The [1IP-78] proposal, launched on June 2, 2025, by 1inch DAO, introduces mandatory KYC/KYB verification for Limit Order Protocol (LOP) resolvers to enhance trust and security. It also removes the Unicorn Power (UP) threshold and adds technical incentives for contributors across Aggregation, LOP, Fusion, and Fusion+ protocols. The vote, requiring a 66.2% quorum, closes at 10:47 AM UTC on June 7 (1inch.io). If approved, this could accelerate 1inch’s decentralization goals, making it more competitive in the DeFi space by aligning with regulatory trends.

Recent News

In April 2025, 1inch collaborated with TRM Labs to screen wallets, identifying hundreds of high-risk addresses, a step toward safer DeFi (trmlabs.com). The project also saw a 12% rise in protocol usage since March 2025, reflecting growing adoption. On May 22, Changelly forecasted 1INCH at $0.3158 for May 2025, though it’s now at $0.43 (changelly.com), showing market confidence.

Future Plans

1inch plans to enhance its Fusion+ protocol by Q4 2025, focusing on institutional-grade liquidity and third-party app integrations via UI iframes (1inch.io). These upgrades aim to rival platforms like Uniswap, which has been gaining traction with similar incentivization strategies, potentially capturing more market share for 1inch.

Onchain Data

1inch’s market cap stands at $492.5M, with 1.58M 1INCH in circulation and 1.38M staked, indicating strong holder commitment (Etherscan). Transaction volume hit $1.1B in May 2025, per Dune Analytics, but LOP-specific resolver activity post-KYC isn’t yet public.

Community Sentiment

X shows mixed vibes: @mikecco_AI lauded the trust boost, but @cryptovn124 highlighted 1INCH’s price dip to $0.148 on June 2, urging more action. Debates on X focus on KYC’s centralization risks versus its compliance benefits, a hot topic in DeFi.

Risk Disclaimer

KYC may alienate privacy-focused users, and price swings could follow the vote. Always research before participating.