As reported before the IF that introduced TLS 1.0 is vulnerable to the new PODDLE issue.
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DISABLE_SSLV3=1 will disable SSL V3 completely. But as mentioned before you should be completely sure if you want to completely disable SSL V3.
Technote
Security Bulletin: TLS Padding Vulnerability affects IBM Domino (CVE-2014-8730)
http://www.ibm.com/support/docview.wss?uid=swg21693142
via Daniel Nashed’s Blog.