SIP-7: Partnerships - 1inch

We want to partner with 1inch to create 2 new pools of liquidity for:

• ETH-SGT
• vETH2-SGT We have reached out to them and are exploring if they will support dual rewards in 1inch and SGT similar to Sushi but are not sure yet.

Pros:

• Dual incentives in $SGT & $1inch so more rewards!
• Potentially increase available liquidity for both vETH2 & SGT
• Marketing exposure from being listed on 1inch
• Attract 1inch only users
• Creates new arbitrage opportunities potentially increasing trade volume and rewards for old and new LPs
• Lido and other competitors are already listed on 1inch
• As 1inch is a aggregator and can route trades through both uni and sushi this will allow users to benefit from the liquidity on all platforms instead of having to split it between one or the other during trades

Cons:

• We need to talk to them and discuss the partnership in detail
• May dilute rewards for UNI LPs as we will also start rewarding 1inch LPs
• May split liquidity between 2 protocols
• Someone's going to have to provide the initial LP on 1inch as they require $10k of liquidity
• Those 1inch gas costs are pretty steep

Options:

1. Fuck yea! IDC how but get 'er done
2. Yes! Provide initial liquidity of $10k from the treasury thus providing a rug (LP tokens can be time-locked to make rugpulls impossible). This requires a sale of $10k of SGT from the treasury to create the other side of the LP.
3. Yes! Provide initial liquidity from users only. (Please volunteer for this position anonymously by going ahead and doing it)
4. Yes! User + Treasury should provide initial liquidity.
5. No. Let's not do this due to the cons.