Crypto Exchange Aggregator 1inch Proposes Diluting Some Insiders’ Voting Power

Share This Post



In a community call on Friday that CoinDesk attended, Jordan Reindl, a member of 1inch’s community and governance team, proposed the protocol dilute the voting power of insiders who have received their full allotment of v1inch vesting tokens, a derivative token redeemable for 1inch. Conversely, v1inch tokens that remain locked up for two years or longer would have 100% of their voting weight, the proposal said.



Source link

Related Posts

Bitcoin faces $80,000 resistance ahead of Fed decision

Bitcoin failed to break $80,000 on Sept. 11...

Revolut Leaks Passports, Bitcoin Transaction Histories to Fake Government Request

In brief Revolut disclosed sensitive customer data—including passport copies,...

GPT-6 Astra Users Say OpenAI’s Newest Model Got Dumber. It Happened Before, Too

In brief Astra "nerf" complaints are flooding X just...

Crypto Billionaires Hand Reform UK $97M in Record Donations

In brief BitMEX co-founder Ben Delo gave Reform UK...

Farage’s Reform UK party receives record political donation

Ben Delo, a British crypto billionaire, gave 36...