Author: @RoundElephant

Phase-1 Discussion: Increase Number of Whilisted Resolvers

Simple Summary

This proposal seeks to increase the number of whitelisted resolvers in 1inch Fusion mode from five (5) to ten (10).

Abstract

If passed, this proposal will expand the 1inch Fusion mode resolver whitelist to ten (currently five). All ten resolvers will be able to participate in every stage of the Dutch auction.

Motivation

Currently, only the top five resolvers, ranked according to their Unicorn Power, are able to fill orders during the first four minutes of the Dutch auction. This proposal will increase this number of whitelisted resolvers from five to ten — this will improve competition.

Specification

This proposal serves as a signal from the 1inch Network DAO to 1inch Labs. Once passed, the 1inch Network DAO calls for 1inch Labs to increase the number of whitelisted Fusion mode resolvers from five (5) to ten (10).

Rationale

User benefits: This proposal aims to increase the resolver competition, offering users better rates.

Resolver benefits: This proposal aims to make becoming a Fusion mode resolver more attractive, as it reduces the individual capital requirements.

Considerations

1inch Fusion mode has already been audited and deployed. This proposal will have no negative security implications as it will only change the amount of participants in the first four minutes of the Dutch auction.