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1inch Network Asks Its Community To Vote On A New Proposal

Twitter icon  •  Published 4 years ago on July 6, 2022  •  Hassan Maishera

The 1inch Network has urged its community to vote on a new proposal that will bring some additional utility to the 1INCH token.

1inch Network Asks Its Community To Vote On A New Proposal

The 1inch Network has urged its community to vote on a new proposal that will bring some additional utility to the 1INCH token. The proposal named 'Add $1INCH as collateral' is currently live on the Aave network’s snapshot and seeks to include 1inch as collateral on the Aave network. 

The 1inch Network is a DEX aggregator protocol across multiple chains, including Ethereum, BSC, Polygon, Optimism, and Arbitrum. 1INCH is down by more than 4% in the last 24 hours and is currently trading at $0.618 per token.

Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools.

AAVE is trading at $60.9 per token, down by 3% in the last 24 hours.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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