1inch DAO migrates from Discourse to Common to drive Community Engagement & Governance
1inch is a decentralized finance (DeFi) platform that sources liquidity from different DEXs to find the most efficient swap routes for users. This helps traders get the best prices for their trades with minimal slippage.
"Since migrating to Commonwealth about a year ago, it has quickly become an indispensable tool, elevating the DAO’s decision making processes while remaining aligned with our core values."
Jordan Reindl,
1inch Governance Lead
While 1inch was growing quickly, it lacked an effective virtual town square. Without one, they could not successfully hear or vote on ideas, nor maintain a historical record.
They wanted a platform that made it possible to:
Alternate discussion forums did not solve this problem for 1inch. They were dissatisfied with their experience running their forums on Discourse and needed a new solution.
1inch operates as a decentralized autonomous organization (DAO). This means that the platform's development, governance, and key decisions are managed by the community of 1INCH token holders, rather than a centralized authority.
This absence threatened the platform's collaborative capabilities and long-term sustainability.
Discussions on Common:
Forum Migration to Common
Forum Migration Temperature Check
Integrated Snapshots
1inch DAO Signaling Proposals
1inch Network Proposals
Common’s robust, integrated Governance Forum, purpose built for DAO governance.
The 1inch Network DAO governance process operates through a community-driven approach on Common’s Governance Forum. The platform addresses the challenges of decentralized decision-making and community engagement for the 1inch network.
Here's how Common facilitated the solution:
1inch has been one of Common’s most engaged communities, since their launch in 2023
500+ threads*
3600+ members*
Common addressed 1inch's governance challenges by providing a structured, inclusive, and efficient platform for community engagement and decision-making. This solution not only streamlined the governance process but also fostered a stronger, more cohesive community dedicated to the continuous improvement and success of the 1inch network.
*As of June 2024
Want to learn more about migrating your community from Discourse to Common?
Book Time Here or email [email protected]