1inch DAO 1IP-80 Reimbursement Vote Deadline
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 NewsIn 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 PlansLooking 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 DataSpecific 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 SentimentX 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 InsightsThis 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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