1inch DAO provides decentralized governance for the 1inch Network, one of the leading DEX aggregators. With over 12,800 voting addresses and a treasury exceeding $12.3 million, it has meaningful community participation. However, the 1INCH token has suffered severe price erosion, declining 36% in just the past 30 days, which undermines holder confidence and governance engagement. The phased decentralization approach through Unicorn Power staking is well-designed, but the economic incentive to participate weakens as token value deteriorates. The governance model itself is solid, offering instant voting on protocol settings and treasury management across six protocols. The primary risk is that continued token price decline creates a negative feedback loop of disengagement. For crypto governance enthusiasts, 1inch DAO represents a functional but struggling governance framework attached to fundamentally useful DeFi infrastructure.

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Site: 1inch DAO (ID: 96)