The 1inch Community Is Voting on the Proposal of “Staking 1 Million DAI To Earn Income From DSR”

The decentralized trading aggregator 1inch Network community is voting on proposal 1IP-41, which suggests exchanging 1 million USDC in the 1inch DAO for DAI. The 1 million DAI will be pledged in the MakerDAO DSR to earn interest and directly mint sDAI. By using sDAI, the 1inch DAO can hold sDAI directly in the 1inch Treasury to represent its DSR yield. The proposal currently has a support rate of 97.09%, and the vote will end on September 11th.

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