It appears that 1inch's governance token is right on the horizon.

1inch is the leading Ethereum-based decentralized exchange aggregator. Since its launch, it has done $7.6 billion in volume.

Here's a thread on what we know so far. 👇

First off, some context:

1inch is a decentralized exchange aggregator that routes liquidity through a number of exchanges to find the optimal prices.

This is often useful for larger traders, who may need to spread their buys or sells across exchanges to minimize slippage.
e.g. Here is Three Arrows swapping 4,000,000 USDT for 4,001,307 TUSD via 1inch v2 around four weeks ago.
1inch does have quite a bit of traction, even though you may not hear about it sometimes.

Stats:

- $7.6b in total volume
- $272m in seven-day volume
- $36.5m in seven-day volume

h/t @DuneAnalytics for the stats
Yesterday, some sleuths spotted a contract on Ethereum pertaining to a "1inch" token.

The contract address: 0x111111111117dc0aa78b770fa6a738034120c302

Contained in the contract is this bit of ASCII art.
Today, we are seeing reports of users getting notifications to claim 1INCH.

Degenomics here got this notification, though got an error on MetaMask when he attempted to claim it.

So that appears to be the official it's just that claims are not live yet.

https://t.co/ED1LoqRyoO
The timing makes sense:

At the start of December, 1inch announced it had closed a $12m round that involved ParaFi, Pantera, and other top funds in the space.

Uniswap closed its Series A six weeks before it launched its token.
Now, token economics.

Degenomics (tweet above) claims to *not have LPed* on Mooniswap, 1inch's CFMM AMM.

That suggests that all historical users may be getting a pro-rata retroactive distribution, maybe based on volume.

Check this update on the token from 1inch:
@FrankResearcher just found that it appears that Mooniswap liquidity providers will be earning 1INCH with a new liquidity mining program.

Early LPs should also earn 1INCH, based on the image in the tweet before this.

https://t.co/HRKJpCAJXj
Found this a bit funny.

The address that deployed the 1INCH token contract got one ETH from Tornado 30 hours ago.
Ownership of the Mooniswap farming contracts seems to have been passed to this address:

0x5E89f8d81C74E311458277EA1Be3d3247c7cd7D1

Address holds 1,500,000 1INCH and 707 DAI that someone sent there accidentally (RIP).
I'm trying to think about how to play this.

Long $CHI?
Some big brains found this link:

https://t.co/3gqpyabcm5 *input ETH address here*

If you're included in the airdrop distro, the link should give you a merkle proof.
First merkle claim.

31,010 1INCH to 0x68a17B587CAF4f9329f0e372e3A78D23A46De6b5

https://t.co/R9l1vLuTYk
The user sent 1,000 1INCH and 1,000 USDC to the 1INCH-USDC pool.

https://t.co/QVUjXAuPau
Official ann:

"All wallets ... will receive 1INCH as long as they meet one of the following conditions: at least one trade before September, 15, OR at least 4 trades in total OR trades for a total of at least $20."

Yield programs for 1INCH-DAI, -ETH, -WBTC, -USDC, -USDT, -YFI
early LPs are making bank.

There's basically no liquidity at all on Mooniswap or Uniswap.
Uniswap 1INCH-DAI LPs making 200% per day rn in trading fees alone (extrapolating current data)
PSA: if you want to buy 1INCH, make sure you're buying the right token:

0x111111111117dc0aa78b770fa6a738034120c302

Fake Uniswap market seen below.

More from For later read

Today's Twitter threads (a Twitter thread).

Inside: Planet Money on HP's myriad ripoffs; Strength in numbers; and more!

Archived at: https://t.co/esjoT3u5Gr

#Pluralistic

1/


On Feb 22, I'm delivering a keynote address for the NISO Plus conference, "The day of the comet: what trustbusting means for digital manipulation."

https://t.co/Z84xicXhGg

2/


Planet Money on HP's myriad ripoffs: Ink-stained wretches of the world, unite!

https://t.co/k5ASdVUrC2

3/


Strength in numbers: The crisis in accounting.

https://t.co/DjfAfHWpNN

4/


#15yrsago Bad Samaritan family won’t return found expensive camera https://t.co/Rn9E5R1gtV

#10yrsago What does Libyan revolution mean for https://t.co/Jz28qHVhrV? https://t.co/dN1e4MxU4r

5/
1. The death of Silicon Valley, a thread

How did Silicon Valley die? It was killed by the internet. I will explain.

Yesterday, my friend IRL asked me "Where are good old days when techies were


2. In the "good old days" Silicon Valley was about understanding technology. Silicon, to be precise. These were people who had to understand quantum mechanics, who had to build the near-miraculous devices that we now take for granted, and they had to work

3. Now, I love libertarians, and I share much of their political philosophy. But you have to be socially naive to believe that it has a chance in a real society. In those days, Silicon Valley was not a real society. It was populated by people who understood quantum mechanics

4. Then came the microcomputer revolution. It was created by people who understood how to build computers. One borderline case was Steve Jobs. People claimed that Jobs was surrounded by a "reality distortion field" - that's how good he was at understanding people, not things

5. Still, the heroes of Silicon Valley were the engineers. The people who knew how to build things. Steve Jobs, for all his understanding of people, also had quite a good understanding of technology. He had a libertarian vibe, and so did Silicon Valley
@snip96581187 @Daoyu15 @lab_leak @walkaboutrick @ydeigin @Ayjchan @franciscodeasis @TheSeeker268 @angie_rasmussen Clearly, because as I have been saying for 8 months now, DTRA and DARPA have been using Ecohealth and UC Davis to collect novel pathogens for gain of function work back in the USA. I have documented this in many threads which I will post here just to annoy everyone.

@Daoyu15 @lab_leak @walkaboutrick @ydeigin @Ayjchan @franciscodeasis @TheSeeker268 @angie_rasmussen


@Daoyu15 @lab_leak @walkaboutrick @ydeigin @Ayjchan @franciscodeasis @TheSeeker268 @angie_rasmussen


@Daoyu15 @lab_leak @walkaboutrick @ydeigin @Ayjchan @franciscodeasis @TheSeeker268 @angie_rasmussen


@Daoyu15 @lab_leak @walkaboutrick @ydeigin @Ayjchan @franciscodeasis @TheSeeker268 @angie_rasmussen

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