1inch

Simple Summary

The purpose of this proposal is to create the transaction needed to claim the SAFE airdrop that has been allocated to the 1inch DAO Treasury as well as delegate this voting power to StableNode.

Abstract

Gnosis Safe DAO is airdropping SAFE tokens to historical users of the platform. The 1inch DAO Treasury Gnosis Safe is eligible for an airdrop of 10,128.65 SAFE (5,103.86 of which is immediately available, and 5,034.79 vests over the next 4 years). If passed, this proposal will execute the on-chain claim transaction and delegate this voting power.

Motivation

There are no financial costs associated with claiming the SAFE airdrop other than the small amount of required gas. There is no reason not to claim the tokens, and doing so will add additional assets to the 1inch DAO Treausury.

This proposal also allows for the 1inch DAO’s interests to be represented in SafeDAO via vote delegation.

Specification

Delegate Address: Stablelab.eth – 0xea172676E4105e92Cc52DBf45fD93b274eC96676

---

Safesnap Transaction Data:

[
	{
		"to": "0x469788fE6E9E9681C6ebF3bF78e7Fd26Fc015446",
		"operation": "0",
		"value": "0.0",
		"data": "0xbd86e508736166652e657468000000000000000000000000000000000000000000000000000000000000000000000000ea172676e4105e92cc52dbf45fd93b274ec96676"
	},
	{
		"to": "0xA0b937D5c8E32a80E3a8ed4227CD020221544ee6",
		"operation": "0",
		"value": "0.0",
		"data": "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"
	},
	{
		"to": "0xA0b937D5c8E32a80E3a8ed4227CD020221544ee6",
		"operation": "0",
		"value": "0.0",
		"data": "0x0087b83fcdcd74dcca41c772a2d1bfb8ba75e9c5f44ee4ca1f062385a31b0db14ab55ceb0000000000000000000000007951c7ef839e26f63da87a42c9a87986507f1c0700000000000000000000000000000000ffffffffffffffffffffffffffffffff"
	}
]

---

Rationale

As part of the stage-2 governance launch, the powers of the 1inch DAO treasury multisig owners are limited to emergency cases only. In order for the 1inch DAO Treasury to make any transaction, a vote needs to occur.

SafeSnap will be used to execute this off-chain SnapShot vote in a trust-minimized fashion. A full description of this process can be seen in the governance documentation: Gnosis Safe + Snapshot + SafeSnap.

Delegation

During the phase-1 discussion, StableNode and DAOplomats agreed that the team with the least amount of SAFE delegation on Monday October, 10th should be set as the delegate. There were no objections to this suggestion.

StableNode currently has 0 SAFE delegated to their address, so they have been selected as delegate.

Considerations

There are no costs associated with this proposal. If passed, the proposal will add 10,128.65 SAFE to the 1inch DAO Treasury.

This proposal does not call for spending these SAFE tokens, only the claiming of them and the delegation of the voting power. Any use of these funds will require an additional proposal.