1inch

Simple Summary

The StableLab team requests a grant to write the first draft of the 1inch DAO Constitution to help support the DAO as it progresses towards decentralization.

Motivation

As active contributors to the 1inch DAO, this grant seeks to extend StableLab’s work to offer deeper insights into how 1inch DAO can improve.

In a previous grant (funded by the 1inch Foundation), the main deliverable was a Decentralization Report outlining the current state of 1inch Governance, its successes, its shortcomings, and the necessary next steps to improve the decentralisation and maturity of the 1inch DAO.

Specification

This subsequent grant builds upon this previous work and focuses on delivering a constitution for the 1inch DAO

1inch DAO Constitution. - $26,000

1inch DAO stands to benefit significantly from the development of a Constitution, a document that serves as the primary source of direction for how the DAO operates.

The constitution will lay out a well-defined scope of responsibilities to be divided between 1inch Labs and 1inch DAO. By defining responsibilities, the Constitution will be able to implement accountability mechanisms and reduce incidents of conflicts arising out of decisions made under each scope. The constitution will also detail the purpose and responsibilities of what the DAO will and will not govern.

As the primary policy document for the 1inch DAO, this constitution will ensure that there is consistency in how the DAO is managed. With our vast experience as DAO Contributors, we will design a constitution that addresses all aspects of the 1inch DAO, including edge cases which are often overlooked and may lead to conflicts and disputes.

Hourly Distribution for the 1inch DAO Constitution Development

Hourly Charge - $50

Preliminary Research - 60 Hours

Organisational Design Thinking (Enabling Checks and Balances) - 65 Hours

Section and Subsection Drafting - 120 Hours

Section Review, Exploitation Analysis and Edge Case Analysis - 55 Hours

Community Engagement (Gathering Community Feedback) - 40 Hours

Assessing and Implementing Community Feedback - 20 Hours

Proof-Reading and Editing: 40 Hours

Total - 400 Hours

Note : $6,000 of this $26,000 will be paid to DAOPlomats for their role as an Editor and Feedback Provider for the purpose of this grant.

Total Cost: $26,000 (USDC)

Note: Due to the research-based nature of the deliverables, payment would be made upon submission of the deliverables.

Specification.

If this proposal passes, $26,000 USDC will be transferred to the Operations Multi-Sig, and subsequently paid out after deliverables have been submitted for review.