The 1inch governance team members proposed to modify the governance process, suggesting to weaken the voting rights of some internal personnel
ChainCatcher news, 1inch community and governance team member Jordan Reindl proposed to modify the 1inch DAO governance process, including removing the st1INCH(v1) voting and delegation strategy from the 1inch Snapshot space; changing the st1INCH(v2) voting and delegation strategy to use Unicorn Power instead of token balance; replacing the existing 20% weighted v1INCH strategy with a strategy that simulates UnicornPower power decay, where fully vested and unclaimed v1INCH will significantly weaken voting power; ensuring that v1INCH at the start of its vesting contract has equal 1:1 voting rights with st1INCH at the start of a 2-year lock-up period; and raising the requirement for creating Snapshot proposals to 100,000 voting weight (currently 25,000).Currently, the proposal is still in the discussion phase. The proposed governance modification strategy will significantly reduce the voting power accumulated by core contributors, investors, and other insiders. (source link)