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

JUN

07

Event date

Saturday 07 June 2025, UTC

Event description

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.

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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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