Author: RoundElephant

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Disclaimer: One of the projects originally listed in this proposal, Ahbap, has ceased the acceptance of donations on Ethereum. Consequently, this proposal has been modified from its original form to exclude the Ahbap donation and now calls for this to be sent to the BanklessDAO’s Turkey Disaster Relief Fund.

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Summary

This proposal calls for 1inch DAO to donate $100,000 USD towards humanitarian relief efforts in response to the devastating earthquakes that struck Turkiye (Turkey) on February 6th, 2023.

Abstract

This 1IP proposes a donation of $100,000 from the 1inch DAO treasury towards humanitarian relief efforts responding to the devastating earthquakes that occurred on 6 February 2023 in southern and central Turkey. This donation is intended to help save the lives of the victims who are facing severe shortages of food, shelter, medical supplies, clean water access, electricity supply disruption etc., due to extensive damage caused by these earthquakes.

The donation will be split equally between Anka and BanklessDAO Turkey Disaster Relief Fund -- both projects have been vetted by the Ethereum community and the author.

Motivation

This proposal seeks to express solidarity with those affected by this tragedy while also providing tangible support for ongoing relief efforts being carried out by non-profit organizations.

By donating funds directly to these non-profits we can ensure our contribution will be used effectively where it matters most -- supporting people impacted across Turkiye.

BanklessDAO Turkey Disaster Relief Fund is focused on humanitarian relief for those impacted by the earthquakes. They are thoroughly vetting several NGOs to distribute funds to.

Anka is a crypto relief fund that was created to support the people of Turkiye after the disastrous earthquakes that hit the region. They have over 50 volunteers working on the project including a team located in Turkiye. Anka is committed to transparency and accountability.

Specification

Send $100,000 of 1inch DAO Treasury funds to the following causes:

• $50,000 in USDC to BanklessDAO's Turkey Relief Fund

  • Ethereum (ERC20) Address -- 0x924393EA45dA424643C89f99BfDFd707b1Fed9AE

• $50,000 in USDC to Anka

  • Ethereum (ERC20) Address -- 0xCE4d5B5933B369e9c937ffCfBB9e3aeb3d2c265B

Rationale

Given current estimates of over 20,000 fatalities, over 70,000 severe injuries, and several million displaced — there is an urgent need for immediate assistance. The faster we act, the more lives we potentially save.

The donation must be made on-chain so that the funds can trustlessly be spent via a DAO vote.

Considerations

From a security standpoint, there are no major implications associated with this proposal other than verifying that the Safesnap transaction data is correct.

Though Syria was also affected by the earthquake, it is currently under international sanctions and has been omitted from this proposal. All funds will go to humanitarian efforts Turkiye.