What Is Stable ICHI (ONEICHI)?
Stable ICHI is a Decentralized Autonomous Organization (DAO) that gives crypto projects the tools they need to participate in DeFi more efficiently. ICHI solves these problems by providing crypto projects the tools they need to operate their own sustainable, community-controlled economies. ICHI creates products that allow a project to develop their own stable asset (backed by their community’s token), and their own liquidity programs that turns Total Value Locked into Protocol Owned Liquidity. These products include.
| Coin Basic | Information |
|---|---|
| Coin Name | Stable ICHI |
| Short Name | ONEICHI |
| Circulating Supply | N/A |
| Total Supply | N/A |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
ONEICHI Price Live Data
The live Stable ICHI price today is $0.999719 USD with a 24-hour trading volume of $10,125.58 USD. They update the ONEICHI to USD price in real-time. This is up 0.04% in the last 24 hours. The current CoinMarketCap ranking is #5250, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
If you would like to know where to buy Stable ICHI Coin at the current rate, the top cryptocurrency exchange for trading in the stock is currently Uniswap (V3). You can find others listed on the crypto exchanges page.
The ICHI community believes in the following:
- They exist to provide member communities with all the benefits of their own currency.
- Voting power derived from ICHI governs ICHI.
- Only the community of each individual project can govern the treasury backing its currency.
- ICHI holders are incentivized to grow member communities.
Community members can participate in governance through Snapshot. Any community member may propose a change to a tenet. After rigorous debate, the community may vote to change, add, or remove a tenet.
Core Themes
- ICHI turns Total Value Locked into Protocol Owned Liquidity.
- ICHI enables community-controlled and truly decentralized DeFi.
- ICHI helps crypto projects build communities and protect their token price.
- ICHI turns DeFi into an improved revenue stream for crypto projects.
- ICHI aligns incentives between crypto projects and their users.
The ICHI DAO Community
DAO Structure
ICHI is a Decentralized Autonomous Organization (DAO) which means operations and decisions are dictated by ICHI holders. The current ICHI DAO structure is a representation of the mechanism voted upon by xICHI hodlers.
The current leadership and workstream structure includes a community workstream consisting of a community coordinator, online moderators, and community team. It also includes core-team members from organizations hired by the DAO
Ambassador Program
ICHI’s Community Team includes an Ambassador Program designed for community members to join the ICHI team on a part-time basis. ICHI Ambassadors must possess an knowledge of ICHI, desire and skills to work part-time for the DAO, and run through an application process operated by the community coordinator.
The ICHI Foundation
The ICHI Foundation was created by the DAO and it enables the community to carry out the wishes of the DAO, deploy on other chains, establish a grant program and hire a larger, decentralized team for marketing, growth and development. The Foundation is an incorporated entity, operated and deployed by the community, and ensures the safety and legality of all ICHI operations.
Community Control
The community treasury is operated by multi-signature wallets that are held by a collection of delegated community members and core-team members.
Governance
ICHI is a DAO (Decentralized Autonomous Organization) governed by the community of ICHI token stakers and liquidity providers.
ICHI’s proposals are created and voted for on ICHI’s Snapshot. Community Members can get ICHIpowah (voting power) through:
- 1.Staking for xICHI
- 2.Providing liquidity on Bancor and SushiSwap.
ICHI Reward Distribution
ICHI rewards are allocated to liquidity pools based on proportional non-ICHI liquidity (through farms) and to Angel Vaults based on IRR enhancement schedules.
ICHI rewards are distributed every block (based on blockchain deployed to) for farms and weekly for Angel and HODL Vault enhancements.
Reward Eligibility and Updates:
- 1.Initial Eligibility: when a compatible pool contains a minimum of $100k of non-ICHI liquidity it is eligible for rewards.
- 2.Reward Updates: A specific pool’s reward rate may only adjust down a max of 5% at a time. For example, if the reward rate is 0.2 ICHI per block, the new reward rate may not be lower than 0.19 ICHI per block. *Scheduled community votes are exceptions to this rule.
- 3.IRR enhancement: Based on community vote, the ICHI Foundation will provide IRR enhancements in ICHI for all HODL Vaults and select Angel Vaults.
Angel Vaults
Angel Liquidity Vaults are a Uniswap v3 liquidity management protocol created for projects to build a treasury of Protocol-Owned Liquidity (POL) and DeFi users to earn better fees without having to manage their pool positions.
Liquidity is the lifeblood of crypto but normal liquidity pools come with a significant cost: the project’s strongest supporters are putting their tokens up for sale. They must deposit the project’s token on an exchange to provide liquidity in order for someone else to buy it. ICHI Angel Vaults provide the necessary liquidity without selling your token.
ICHI Angel Vaults help projects protect their token price in bear markets. When paired with Branded Dollars, they empower communities to have ownership of their own liquidity, which is essential for any decentralized financial system.
Buy Liquidity
- Providing single asset liquidity underneath the price of a participating project’s token increases the price of that token.
Deflationary Liquidity Rewards
- By creating branded dollars through ICHI and then establishing an Angel Vault with that branded dollar, crypto projects can offset the cost of liquidity rewards. This is due to the upward price pressure created from locking the community’s scarce token when minting its branded dollar and then using it as the single asset deposited in the Angel Vault
Protocol Owned Liquidity (POL)
- Depositing a portion of the assets backing that project’s branded dollar into the Angel Vault creates sustainable, long-lasting liquidity.
HODL Vaults
HODL Vaults utilize single-sided concentrated liquidity pools created with a project’s native token so their community can keep their tokens, build liquidity, and earn trading fees.
How do HODL Vaults Work?
To participate, users simply deposit their desired token and begin earning trading fees in exchange. Users will earn trading fees in both the deposited token and $ICHI, depending on how the pool rebalances in relation to the price of both tokens. When withdrawing, users will receive a combination of the project’s token and $ICHI.
HODL Vaults Tutorials
COMING SOON – We tip community members who create ICHI app walkthroughs and tutorials. If you are interested in becoming a contributor, reach out on the ICHI Discord.
